MMTC LTD Announces Quarterly Results (3QFY19); Net Profit Up 348.1%

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MMTC LTD Announces Quarterly Results (3QFY19); Net Profit Up 348.1%
Fri, 22 Feb

MMTC LTD has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

MMTC LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m33,87174,22893,66826.2%176.5%
Other incomeRs m3141932.2%656.0%
TurnoverRs m33,87474,24293,68726.2%176.6%
ExpensesRs m33,69673,60393,08226.5%176.2%
Gross profitRs m164609602-1.2%266.0%
DepreciationRs m131413-8.6%-2.3%
InterestRs m5013218741.9%274.9%
Profit before taxRs m104478421-11.8%304.9%
TaxRs m41161141-12.5%239.6%
Profit after taxRs m63317281-11.5%348.1%
Gross profit margin%0.50.80.6
Effective tax rate%39.833.733.4
Net profit margin%0.20.40.3
* 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 176.5% on a year-on-year (YoY) basis. The expenses were up by 176.2% YoY during the same period.
  • The company's operating profit increased by 266.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 0.6% in 3QFY19 as against 0.5% in 3QFY18.
  • Depreciation charges declined by 2.3% and finance costs increased by 274.9% YoY, respectively.
  • Other income increased by 656.0% YoY during the quarter.
  • Net profit for the quarter increased by 348.1% YoY. Net profit margins during the quarter increased from 0.2% in 3QFY18 to 0.3% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 26.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 26.5% QoQ during the same period.
  • The company's operating profit declined by 1.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 0.6% in 3QFY19 as against 0.8% in 2QFY18.
  • Net profit for the quarter declined by 11.5% QoQ, while net profit margins declined from 0.4% in 2QFY18 to 0.3% in 3QFY19.

To see how MMTC LTD has performed over the last eight quarters, please visit here.

MMTC LTD Share Price Performance

Over the last one year, MMTC LTD share price has moved up from Rs 34.5 to Rs 26.6, registering a Loss of Rs 8.0 or around 23.1%.

Overall, the S&P BSE SENSEX is up 6.0% over the year.

Current Valuations

At the current price of Rs 26.6, the price to earnings (P/E) ratio of MMTC LTD stands at 32.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.2 times.

Equitymaster requests your view! Post a comment on "MMTC LTD Announces Quarterly Results (3QFY19); Net Profit Up 348.1%". Click here!

1 Responses to "MMTC LTD Announces Quarterly Results (3QFY19); Net Profit Up 348.1%"

Karanam Srigiri Rao

Mar 14, 2019

MMTC bulls rally participated please.... Sir

Like (1)
  
Equitymaster requests your view! Post a comment on "MMTC LTD Announces Quarterly Results (3QFY19); Net Profit Up 348.1%". Click here!

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