MERCATOR LTD Announces Quarterly Results (2QFY19); Net Profit Up 8.0%

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MERCATOR LTD Announces Quarterly Results (2QFY19); Net Profit Up 8.0%
Wed, 21 Nov

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

MERCATOR LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m9888252,218169.0%124.6%
Other incomeRs m2112116-86.5%-22.5%
TurnoverRs m1,0099462,234136.2%121.5%
ExpensesRs m7135581,514171.2%112.2%
Gross profitRs m274267704164.3%156.9%
DepreciationRs m44135147736.0%8.3%
InterestRs m20630749460.9%140.5%
Profit before taxRs m-351-271-251
TaxRs m34741752.5%2750.0%
Profit after taxRs m-354-275-325
Gross profit margin%27.832.331.8
Effective tax rate%-0.7-1.5-29.5
Net profit margin%-35.0-29.0-14.5
* 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 124.6% on a year-on-year (YoY) basis. The expenses were up by 112.2% YoY during the same period.
  • The company's operating profit increased by 156.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 31.8% in 2QFY19 as against 27.8% in 2QFY18.
  • Depreciation charges increased by 8.3% and finance costs increased by 140.5% YoY, respectively.
  • Other income declined by 22.5% YoY during the quarter.
  • Net profit for the quarter increased by 8.0% YoY. Net profit margins during the quarter increased from -35.0% in 2QFY18 to -14.5% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 169.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 171.2% QoQ during the same period.
  • The company's operating profit declined by 164.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 31.8% in 2QFY19 as against 32.3% in 1QFY18.
  • Net profit for the quarter declined by 18.4% QoQ, while net profit margins increased from -29.0% in 1QFY18 to -14.5% in 2QFY19.

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 39.9 to Rs 15.0, registering a Loss of Rs 25.0 or around 62.5%.

Overall, the S&P BSE SENSEX is up 5.3% over the year.

Current Valuations

At the current price of Rs 15.0, the price to book value (P/BV) ratio of MERCATOR LTD stands at 0.2 times.

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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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