MONNET ISPAT & ENERGY Announces Quarterly Results (1QFY20); Net Profit Up 65.3%

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MONNET ISPAT & ENERGY Announces Quarterly Results (1QFY20); Net Profit Up 65.3%
Mon, 29 Jul

MONNET ISPAT & ENERGY has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

MONNET ISPAT & ENERGY Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m4,3315,3287,77145.8%79.4%
Other incomeRs m1097355-25.1%-49.7%
TurnoverRs m4,4405,4027,82644.9%76.3%
ExpensesRs m4,1705,7498,02439.6%92.4%
Gross profitRs m160-372-253-257.7%
DepreciationRs m8765095355.0%-38.9%
InterestRs m3,29153362016.2%-81.2%
Profit before taxRs m-3,897-1,342-1,352
TaxRs m0000.0%0.0%
Profit after taxRs m-3,897-1,342-1,352
Gross profit margin%3.7-7.0-3.3
Effective tax rate%0.00.00.0
Net profit margin%-87.8-24.8-17.3
* 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 79.4% on a year-on-year (YoY) basis. The expenses were up by 92.4% YoY during the same period.
  • The company's operating profit declined by 257.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.3% in 1QFY20 as against 3.7% in 1QFY19.
  • Depreciation charges declined by 38.9% and finance costs declined by 81.2% YoY, respectively.
  • Other income declined by 49.7% YoY during the quarter.
  • Net profit for the quarter increased by 65.3% YoY. Net profit margins during the quarter increased from -87.8% in 1QFY19 to -17.3% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 45.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 39.6% QoQ during the same period.
  • The company's operating profit increased by 32.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 3.3% in 1QFY20 as against 7.0% in 4QFY19.
  • Net profit for the quarter declined by 0.8% QoQ, while net profit margins increased from -24.8% in 4QFY19 to -17.3% in 1QFY20.

To see how MONNET ISPAT & ENERGY has performed over the last eight quarters,please visit here.

MONNET ISPAT & ENERGY Share Price Performance

Over the last one year,MONNET ISPAT & ENERGY share price has moved down from Rs 21.6 to Rs 16.5, registering a Loss of Rs 5.1 or around 23.8%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 9,849.6 (down 2.3%). Over the last one year it has moved down from 12,511.1 to 9,849.6, a gain of 2,661 points (down 21.3%).

Overall, the S&P BSE SENSEX is up 1.7% over the year.

Current Valuations

At the current price of Rs 16.5, the price to book value (P/BV) ratio of MONNET ISPAT & ENERGY stands at 0.0 times.

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Related Views on News

MONNET ISPAT & ENERGY Announces Quarterly Results (2QFY20); Net Profit Up 96.1% (Quarterly Result Update)

Oct 25, 2019 | Updated on Oct 25, 2019

For the quarter ended September 2019, MONNET ISPAT & ENERGY has posted a net profit of Rs 1 bn (up 96.1% YoY). Sales on the other hand came in at Rs 7 bn (up 57.4% YoY). Read on for a complete analysis of MONNET ISPAT & ENERGY's quarterly results.

MONNET ISPAT & ENERGY Announces Quarterly Results (4QFY19); Net Profit Up 82.1% (Quarterly Result Update)

May 21, 2019 | Updated on May 21, 2019

For the quarter ended March 2019, MONNET ISPAT & ENERGY has posted a net profit of Rs 1 bn (up 82.1% YoY). Sales on the other hand came in at Rs 5 bn (up 22.2% YoY). Read on for a complete analysis of MONNET ISPAT & ENERGY's quarterly results.

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