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

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MONNET ISPAT & ENERGY Announces Quarterly Results (2QFY20); Net Profit Up 96.1%
Fri, 25 Oct

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

MONNET ISPAT & ENERGY Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m4,1977,7716,604-15.0%57.4%
Other incomeRs m335537-33.3%10.9%
TurnoverRs m4,2307,8266,641-15.1%57.0%
ExpensesRs m4,1228,0246,598-17.8%60.1%
Gross profitRs m-27,653-2536
DepreciationRs m816535533-0.4%-34.7%
InterestRs m1606206250.8%289.4%
Profit before taxRs m-28,596-1,352-1,114
TaxRs m0000.0%0.0%
Profit after taxRs m-28,596-1,352-1,114
Gross profit margin%-658.8-3.30.1
Effective tax rate%0.00.00.0
Net profit margin%-676.0-17.3-16.8
* 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 57.4% on a year-on-year (YoY) basis. The expenses were up by 60.1% YoY during the same period.
  • The company's operating profit declined by 100.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 0.1% in 2QFY20 as against 658.8% in 2QFY19.
  • Depreciation charges declined by 34.7% and finance costs increased by 289.4% YoY, respectively.
  • Other income increased by 10.9% YoY during the quarter.
  • Net profit for the quarter increased by 96.1% YoY. Net profit margins during the quarter increased from -676.0% in 2QFY19 to -16.8% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 15.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 17.8% QoQ during the same period.
  • The company's operating profit declined by 102.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 0.1% in 2QFY20 as against 3.3% in 1QFY19.
  • Net profit for the quarter increased by 17.6% QoQ, while net profit margins increased from -17.3% in 1QFY19 to -16.8% in 2QFY20.

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

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MONNET ISPAT & ENERGY Share Price Performance

Over the last one year,MONNET ISPAT & ENERGY share price has moved down from Rs 31.3 to Rs 10.0, registering a Loss of Rs 21.3 or around 68.1%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 9,029.1 (up 0.3%). Over the last one year it has moved down from 12,620.6 to 9,029.1, a gain of 3,592 points (down 28.5%).

Overall, the S&P BSE SENSEX is up 14.6% over the year.

Current Valuations

At the current price of Rs 10.0, the price to book value (P/BV) ratio of MONNET ISPAT & ENERGY stands at 0.0 times.

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