MERCATOR LTD Announces Quarterly Results (1QFY19); Net Profit Down 17.6%

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MERCATOR LTD Announces Quarterly Results (1QFY19); Net Profit Down 17.6%
Fri, 10 Aug

MERCATOR LTD has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

MERCATOR LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m970970825-15.0%-15.0%
Other incomeRs m24170121-28.6%415.5%
TurnoverRs m9931,140946-17.0%-4.8%
ExpensesRs m706983558-43.2%-21.0%
Gross profitRs m263-132671.2%
DepreciationRs m420112351212.8%-16.4%
InterestRs m19825530720.6%55.5%
Profit before taxRs m-331-210-271
TaxRs m24154-99.0%66.7%
Profit after taxRs m-333-625-275
Gross profit margin%27.2-1.432.3
Effective tax rate%-0.7-197.1-1.5
Net profit margin%-33.5-54.9-29.0
* 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 fell 15.0% on a year-on-year (YoY) basis. The expenses were down by 21.0% YoY during the same period.
  • The company's operating profit increased by 1.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 32.3% in 1QFY19 as against 27.2% in 1QFY18.
  • Depreciation charges and finance costs declined by 16.4% YoY and 55.5% YoY, respectively.
  • Other income increased by 415.5% YoY during the quarter.
  • Net profit for the quarter declined by 17.6% YoY. Net profit margins during the quarter increased from -33.5% in 1QFY18 to -29.0% in 1QFY19.
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 43.2% QoQ during the same period.
  • The company's operating profit increased by 2103.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 32.3% in 1QFY19 as against 1.4% in 4QFY18.
  • Net profit for the quarter declined by 56.1% QoQ, while net profit margins increased from -54.8% in 4QFY18 to -29.0% in 1QFY19.

To see how MERCATOR LTD has performed over the last eight quarters, please visit here.

MERCATOR LTD Share Price Performance

Over the last one year, MERCATOR LTD share price has moved up from Rs 38.3 to Rs 21.3, registering a Loss of Rs 17.0 or around 44.3%.

Overall, the S&P BSE SENSEX is up 19.1% over the year.

Current Valuations

At the current price of Rs 21.3, the price to book value (P/BV) ratio of MERCATOR LTD stands at 0.2 times.

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Related Views on News

MERCATOR LTD Announces Quarterly Results (4QFY19); Net Profit Down 350.6% (Quarterly Result Update)

Jun 7, 2019 | Updated on Jun 7, 2019

For the quarter ended March 2019, MERCATOR LTD has posted a net profit of Rs 3 bn (down 350.6% YoY). Sales on the other hand came in at Rs 547 m (down 43.5% YoY). Read on for a complete analysis of MERCATOR LTD's quarterly results.

MERCATOR LTD Announces Quarterly Results (3QFY19); Net Profit Down 215.3% (Quarterly Result Update)

Feb 22, 2019 | Updated on Feb 22, 2019

For the quarter ended December 2018, MERCATOR LTD has posted a net profit of Rs 2 bn (down 215.3% YoY). Sales on the other hand came in at Rs 3 bn (up 136.3% YoY). Read on for a complete analysis of MERCATOR LTD's quarterly results.

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