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MONNET ISPAT Announces Quarterly Results (4QFY18); Net Profit Up 63.4%

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MONNET ISPAT Announces Quarterly Results (4QFY18); Net Profit Up 63.4%
Wed, 20 Jun

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

MONNET ISPAT Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m3,8453,2054,35936.0%13.4%
Other incomeRs m471951163.4%8.0%
TurnoverRs m3,8923,2244,41036.8%13.3%
ExpensesRs m3,8023,2674,07024.6%7.1%
Gross profitRs m-753-62-3,641
DepreciationRs m908899819-8.8%-9.8%
InterestRs m2,9313,0253,1022.5%5.8%
Profit before taxRs m-4,545-3,966-7,511
TaxRs m51000.0%-100.0%
Profit after taxRs m-4,595-3,966-7,511
Gross profit margin%-19.6-1.9-83.5
Effective tax rate%-1.10.00.0
Net profit margin%-118.1-123.0-170.3
* 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 13.4% on a year-on-year (YoY) basis. The expenses were up by 7.1% YoY during the same period.
  • The company's operating profit increased by 383.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 83.5% in 4QFY18 as against 19.6% in 4QFY17.
  • Depreciation charges and finance costs declined by 9.8% YoY and 5.8% YoY, respectively.
  • Other income increased by 8.0% YoY during the quarter.
  • Net profit for the quarter increased by 63.4% YoY. Net profit margins during the quarter declined from -118.1% in 4QFY17 to 170.3% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 36.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 24.6% QoQ during the same period.
  • The company's operating profit declined by 5753.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 83.5% in 4QFY18 as against 1.9% in 3QFY17.
  • Net profit for the quarter increased by 89.4% QoQ, while net profit margins declined from 123.0% in 3QFY17 to 170.3% in 4QFY18.

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

MONNET ISPAT Share Price Performance

Over the last one year, MONNET ISPAT share price has moved up from Rs 35.2 to Rs 12.8, registering a Loss of Rs -22.5 or around 63.8%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 13,058.2 (up 0.8%). Over the last one year it has moved up from 11,343.2 to 13,058.2, a gain of 1,715.0 points (up 15.1%).

Overall, the S&P BSE SENSEX is up 0.5% over the year.

Current Valuations

At the current price of Rs 12.8, the price to earnings (P/E) ratio of MONNET ISPAT stands at NM times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.1 times.

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For the quarter ended December 2018, MONNET ISPAT & ENERGY has posted a net profit of Rs 777 m (up 80.4% YoY). Sales on the other hand came in at Rs 5 bn (up 54.1% YoY). Read on for a complete analysis of MONNET ISPAT & ENERGY's quarterly results.

MONNET ISPAT Announces Quarterly Results (2QFY19); Net Profit Down 709.5% (Quarterly Result Update)

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For the quarter ended September 2018, MONNET ISPAT has posted a net profit of Rs 29 bn (down 709.5% YoY). Sales on the other hand came in at Rs 4 bn (up 32.9% YoY). Read on for a complete analysis of MONNET ISPAT's quarterly results.

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