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MARG LTD Announces Quarterly Results (1QFY19); Net Profit Down 716.9%

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MARG LTD Announces Quarterly Results (1QFY19); Net Profit Down 716.9%
Thu, 6 Sep

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

MARG LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m886928-59.7%-68.4%
Other incomeRs m16229-59.0%-43.7%
TurnoverRs m1049137-59.5%-64.6%
ExpensesRs m7422356-74.7%-24.0%
Gross profitRs m14-154-29-302.1%
DepreciationRs m242423-0.9%-2.9%
InterestRs m2-5-7-461.1%
Profit before taxRs m4-150-36-987.8%
TaxRs m-2-30
Profit after taxRs m6-147-36-716.9%
Gross profit margin%16.0-222.0-102.2
Effective tax rate%-43.92.10.0
Net profit margin%5.7-161.8-98.9
* 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 68.4% on a year-on-year (YoY) basis. The expenses were down by 24.0% YoY during the same period.
  • The company's operating profit declined by 302.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 102.2% in 1QFY19 as against 16.0% in 1QFY18.
  • Depreciation charges and finance costs declined by 2.9% YoY and 461.1% YoY, respectively.
  • Other income declined by 43.7% YoY during the quarter.
  • Net profit for the quarter declined by 716.9% YoY. Net profit margins during the quarter declined from 5.7% in 1QFY18 to -98.9% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 59.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 74.7% QoQ during the same period.
  • The company's operating profit increased by 81.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 102.2% in 1QFY19 as against 222.0% in 4QFY18.
  • Net profit for the quarter increased by 75.3% QoQ, while net profit margins increased from -161.5% in 4QFY18 to -98.9% in 1QFY19.

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

MARG LTD Share Price Performance

Over the last one year, MARG LTD share price has moved up from Rs 13.7 to Rs 17.5, registering a Gain of Rs 3.8 or around 28.0%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,067.5 (up 0.7%). Over the last one year it has moved down from 2,199.8 to 2,067.5, a loss of 132 points (down 6.0%).

Overall, the S&P BSE SENSEX is up 20.0% over the year.

Current Valuations

At the current price of Rs 17.5, the price to book value (P/BV) ratio of MARG LTD stands at 0.1 times.

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For the quarter ended September 2018, MARG LTD has posted a net profit of Rs 70 m (down 2033.3% YoY). Sales on the other hand came in at Rs 57 m (down 59.3% YoY). Read on for a complete analysis of MARG LTD's quarterly results.

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