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

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MONNET ISPAT & ENERGY Announces Quarterly Results (4QFY19); Net Profit Up 82.1%
Tue, 21 May

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

MONNET ISPAT & ENERGY Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m4,3594,9385,3287.9%22.2%
Other incomeRs m51537339.8%43.6%
TurnoverRs m4,4104,9915,4028.2%22.5%
ExpensesRs m4,0704,7225,74921.8%41.2%
Gross profitRs m-3,641216-372-272.4%
DepreciationRs m819555509-8.3%-37.8%
InterestRs m3,1024905338.9%-82.8%
Profit before taxRs m-7,511-777-1,342
TaxRs m0000.0%0.0%
Profit after taxRs m-7,511-777-1,342
Gross profit margin%-83.54.4-7.0
Effective tax rate%0.00.00.0
Net profit margin%-170.3-15.6-24.8
* 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 22.2% on a year-on-year (YoY) basis. The expenses were up by 41.2% YoY during the same period.
  • The company's operating profit declined by 89.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 7.0% in 4QFY19 as against 83.5% in 4QFY18.
  • Depreciation charges declined by 37.8% and finance costs declined by 82.8% YoY, respectively.
  • Other income increased by 43.6% YoY during the quarter.
  • Net profit for the quarter increased by 82.1% YoY. Net profit margins during the quarter increased from -170.3% in 4QFY18 to -24.8% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 7.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 21.8% QoQ during the same period.
  • The company's operating profit declined by 272.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.0% in 4QFY19 as against 4.4% in 3QFY18.
  • Net profit for the quarter declined by 72.7% QoQ, while net profit margins declined from -15.6% in 3QFY18 to -24.8% in 4QFY19.

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 22.2 to Rs 21.9, registering a Loss of Rs 0.4 or around 1.7%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 10,696.8 (down 1.0%). Over the last one year it has moved down from 13,399.6 to 10,696.8, a gain of 2,703 points (down 20.2%).

Overall, the S&P BSE SENSEX is up 13.9% over the year.

Current Valuations

At the current price of Rs 21.9, 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 (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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