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

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MERCATOR LTD Announces Quarterly Results (3QFY19); Net Profit Down 215.3%
Fri, 22 Feb

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

MERCATOR LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m1,1302,2182,66920.4%136.3%
Other incomeRs m17161,6079700.0%9466.7%
TurnoverRs m1,1462,2344,27791.4%273.0%
ExpensesRs m1,0861,5145,158240.7%374.8%
Gross profitRs m43704-2,489-453.3%-5833.9%
DepreciationRs m405477406-15.0%0.2%
InterestRs m192494325-34.3%69.4%
Profit before taxRs m-536-251-1,612
TaxRs m2748615.4%4175.0%
Profit after taxRs m-538-325-1,697
Gross profit margin%3.831.8-93.2
Effective tax rate%-0.4-29.5-5.3
Net profit margin%-46.9-14.5-39.7
* 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 136.3% on a year-on-year (YoY) basis. The expenses were up by 374.8% YoY during the same period.
  • The company's operating profit declined by 5833.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 93.2% in 3QFY19 as against 3.8% in 3QFY18.
  • Depreciation charges increased by 0.2% and finance costs increased by 69.4% YoY, respectively.
  • Other income increased by 9466.7% YoY during the quarter.
  • Net profit for the quarter declined by 215.3% YoY. Net profit margins during the quarter increased from -46.9% in 3QFY18 to -39.7% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 20.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 240.7% QoQ during the same period.
  • The company's operating profit declined by 453.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 93.2% in 3QFY19 as against 31.8% in 2QFY18.
  • Net profit for the quarter declined by 422.0% QoQ, while net profit margins declined from -14.5% in 2QFY18 to -39.7% in 3QFY19.

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 34.9 to Rs 7.0, registering a Loss of Rs 27.9 or around 80.1%.

Overall, the S&P BSE SENSEX is up 6.0% over the year.

Current Valuations

At the current price of Rs 7.0, the price to book value (P/BV) ratio of MERCATOR LTD stands at 0.1 times.

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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 (2QFY19); Net Profit Up 8.0% (Quarterly Result Update)

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