MONNET ISPAT & ENERGY Announces Quarterly Results (3QFY19); Net Profit Up 80.4%

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MONNET ISPAT & ENERGY Announces Quarterly Results (3QFY19); Net Profit Up 80.4%
Tue, 22 Jan

MONNET ISPAT & ENERGY has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

MONNET ISPAT & ENERGY Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m3,2054,1974,93817.7%54.1%
Other incomeRs m19335358.6%170.6%
TurnoverRs m3,2244,2304,99118.0%54.8%
ExpensesRs m3,2674,1224,72214.6%44.5%
Gross profitRs m-62-27,653216
DepreciationRs m899816555-31.9%-38.2%
InterestRs m3,025160490205.3%-83.8%
Profit before taxRs m-3,966-28,596-777
TaxRs m0000.0%0.0%
Profit after taxRs m-3,966-28,596-777
Gross profit margin%-1.9-658.84.4
Effective tax rate%0.00.00.0
Net profit margin%-123.0-676.0-15.6
* 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 54.1% on a year-on-year (YoY) basis. The expenses were up by 44.5% YoY during the same period.
  • The company's operating profit declined by 447.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 4.4% in 3QFY19 as against 1.9% in 3QFY18.
  • Depreciation charges declined by 38.2% and finance costs declined by 83.8% YoY, respectively.
  • Other income increased by 170.6% YoY during the quarter.
  • Net profit for the quarter increased by 80.4% YoY. Net profit margins during the quarter increased from -123.0% in 3QFY18 to -15.6% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 17.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 14.6% QoQ during the same period.
  • The company's operating profit increased by 100.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 4.4% in 3QFY19 as against 658.8% in 2QFY18.
  • Net profit for the quarter increased by 97.3% QoQ, while net profit margins increased from -676.0% in 2QFY18 to -15.6% in 3QFY19.

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 up from Rs 42.6 to Rs 37.2, registering a Loss of Rs 5.4 or around 12.6%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 10,794.6 (down 2.3%). Over the last one year it has moved down from 15,139.4 to 10,794.6, a gain of 4,345 points (down 28.7%).

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

Current Valuations

At the current price of Rs 37.2, the price to book value (P/BV) ratio of MONNET ISPAT & ENERGY stands at 0.4 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 (1QFY20); Net Profit Up 65.3% (Quarterly Result Update)

Jul 29, 2019 | Updated on Jul 29, 2019

For the quarter ended June 2019, MONNET ISPAT & ENERGY has posted a net profit of Rs 1 bn (up 65.3% YoY). Sales on the other hand came in at Rs 8 bn (up 79.4% YoY). Read on for a complete analysis of MONNET ISPAT & ENERGY's quarterly results.

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Jan 20, 2020 02:57 PM

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