MUNJAL SHOWA Announces Quarterly Results (1QFY19); Net Profit Down 1.6%

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MUNJAL SHOWA Announces Quarterly Results (1QFY19); Net Profit Down 1.6%
Tue, 31 Jul

MUNJAL SHOWA has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

MUNJAL SHOWA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m4,2914,1924,4245.5%3.1%
Other incomeRs m556657-13.2%3.0%
TurnoverRs m4,3464,2584,4815.2%3.1%
ExpensesRs m4,0243,8254,1759.2%3.7%
Gross profitRs m267367249-32.1%-6.6%
DepreciationRs m7167670.1%-6.2%
InterestRs m110-87.3%-90.3%
Profit before taxRs m250365239-34.6%-4.3%
TaxRs m737866-16.4%-10.7%
Profit after taxRs m176287174-39.5%-1.6%
Gross profit margin%6.28.85.6
Effective tax rate%29.421.527.4
Net profit margin%4.16.73.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 3.1% on a year-on-year (YoY) basis. The expenses were up by 3.7% YoY during the same period.
  • The company's operating profit declined by 6.6% YoY during the quarter. Consequently, operating profit margins remained same and stood at 5.6% in 1QFY19.
  • Depreciation charges and finance costs declined by 6.2% YoY and 90.3% YoY, respectively.
  • Other income increased by 3.0% YoY during the quarter.
  • Net profit for the quarter declined by 1.6% YoY. Net profit margins during the quarter declined from 4.1% in 1QFY18 to 3.9% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 5.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 9.2% QoQ during the same period.
  • The company's operating profit declined by 32.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.6% in 1QFY19 as against 8.8% in 4QFY18.
  • Net profit for the quarter declined by 39.5% QoQ, while net profit margins declined from 6.7% in 4QFY18 to 3.9% in 1QFY19.

To see how MUNJAL SHOWA has performed over the last eight quarters, please visit here.

MUNJAL SHOWA Share Price Performance

Over the last one year, MUNJAL SHOWA share price has moved up from Rs 224.4 to Rs 214.9, registering a Loss of Rs 9.5 or around 4.2%.

Overall, the S&P BSE SENSEX is down 0.4% over the year.

Current Valuations

At the current price of Rs 214.9, the price to earnings (P/E) ratio of MUNJAL SHOWA stands at 11.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.7 times.

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