MERCATOR LTD Announces Quarterly Results (4QFY18); Net Profit Up 545.4%

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Markets will remain closed on 21st October 2019, due to Assembly Elections in Maharashtra.

MERCATOR LTD Announces Quarterly Results (4QFY18); Net Profit Up 545.4%
Wed, 13 Jun

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

MERCATOR LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m1,3541,130970-14.2%-28.4%
Other incomeRs m8417170910.7%102.4%
TurnoverRs m1,4381,1461,140-0.6%-20.8%
ExpensesRs m1,0061,086983-9.5%-2.3%
Gross profitRs m34843-13-130.6%-103.8%
DepreciationRs m367405112-72.3%-69.4%
InterestRs m16019225532.9%59.7%
Profit before taxRs m-95-536-210
TaxRs m2241520635.0%20635.0%
Profit after taxRs m-97-538-625
Gross profit margin%25.73.8-1.4
Effective tax rate%-2.1-0.4-197.1
Net profit margin%-6.7-46.9-54.9
* 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 28.4% on a year-on-year (YoY) basis. The expenses were down by 2.3% YoY during the same period.
  • The company's operating profit declined by 103.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 1.4% in 4QFY18 as against 25.7% in 4QFY17.
  • Depreciation charges and finance costs declined by 69.4% YoY and 59.7% YoY, respectively.
  • Other income increased by 102.4% YoY during the quarter.
  • Net profit for the quarter increased by 545.4% YoY. Net profit margins during the quarter declined from -6.7% in 4QFY17 to 54.9% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 14.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 9.5% QoQ during the same period.
  • The company's operating profit increased by 130.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 1.4% in 4QFY18 as against 3.8% in 3QFY17.
  • Net profit for the quarter increased by 16.1% QoQ, while net profit margins declined from 46.9% in 3QFY17 to 54.9% in 4QFY18.

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 41.5 to Rs 24.8, registering a Loss of Rs -16.8 or around 40.4%.

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 24.8, the price to earnings (P/E) ratio of MERCATOR LTD stands at NM times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.3 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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