MARG LTD Announces Quarterly Results (2QFY19); Net Profit Down 2033.3%

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MARG LTD Announces Quarterly Results (2QFY19); Net Profit Down 2033.3%
Fri, 30 Nov

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

MARG LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m1412857105.7%-59.3%
Other incomeRs m191682.0%1057.1%
TurnoverRs m1433774100.0%-48.4%
ExpensesRs m9456114102.0%21.4%
Gross profitRs m47-29-57-219.2%
DepreciationRs m242323-2.6%-5.8%
InterestRs m23-77-70.7%
Profit before taxRs m2-36-70-3263.6%
TaxRs m-1000.0%
Profit after taxRs m4-36-70-2033.3%
Gross profit margin%33.6-102.2-98.4
Effective tax rate%-63.60.00.0
Net profit margin%2.5-98.9-94.6
* 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 59.3% on a year-on-year (YoY) basis. The expenses were up by 21.4% YoY during the same period.
  • The company's operating profit declined by 219.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 98.4% in 2QFY19 as against 33.6% in 2QFY18.
  • Depreciation charges declined by 5.8% and finance costs declined by 70.7% YoY, respectively.
  • Other income increased by 1057.1% YoY during the quarter.
  • Net profit for the quarter declined by 2033.3% YoY. Net profit margins during the quarter declined from 2.5% in 2QFY18 to -94.6% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 105.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 102.0% QoQ during the same period.
  • The company's operating profit increased by 98.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 98.4% in 2QFY19 as against 102.2% in 1QFY18.
  • Net profit for the quarter declined by 91.2% QoQ, while net profit margins increased from -97.3% in 1QFY18 to -94.6% in 2QFY19.

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 12.5 to Rs 12.0, registering a Loss of Rs 0.5 or around 4.2%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,789.3 (up 1.8%). Over the last one year it has moved down from 2,445.7 to 1,789.3, a gain of 656 points (down 26.8%).

Overall, the S&P BSE SENSEX is up 8.2% over the year.

Current Valuations

At the current price of Rs 12.0, the price to book value (P/BV) ratio of MARG LTD stands at -0.1 times.

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