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

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

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.

Equitymaster requests your view! Post a comment on "MARG LTD Announces Quarterly Results (2QFY19); Net Profit Down 2033.3%". Click here!

  

Related Views on News

MARG LTD Announces Quarterly Results (3QFY19); Net Profit Down 493.5% (Quarterly Result Update)

Mar 5, 2019 | Updated on Mar 5, 2019

For the quarter ended December 2018, MARG LTD has posted a net profit of Rs 24 m (down 493.5% YoY). Sales on the other hand came in at Rs 32 m (down 72.1% YoY). Read on for a complete analysis of MARG LTD's quarterly results.

MARG LTD 2017-18 Annual Report Analysis (Annual Result Update)

Dec 18, 2018 | Updated on Dec 18, 2018

Here's an analysis of the annual report of MARG LTD for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of MARG LTD. Also includes updates on the valuation of MARG LTD.

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

Sep 6, 2018 | Updated on Sep 6, 2018

For the quarter ended June 2018, MARG LTD has posted a net profit of Rs 36 m (down 716.9% YoY). Sales on the other hand came in at Rs 28 m (down 68.4% YoY). Read on for a complete analysis of MARG LTD's quarterly results.

IRCON International IPO: Is This PSU Worth Betting On? (IPO)

Sep 17, 2018

Should you subscribe to the IPO of IRCON International Ltd?

More Views on News

Most Popular

How to Find the Best Stocks for Day Trading - 1(Fast Profits Daily)

Jul 2, 2020

In the first of two videos, I'll show you how to identify the best stocks for intraday trading.

Two Agri Stocks Are Likely to Outperform Even in this Market(Profit Hunter)

Jul 2, 2020

Why we have recommended two agriculture stocks for our Hidden Treasure subscribers. Read on...

Smallcaps Are in a Sweet Spot Again: Are You Buying?(Profit Hunter)

Jul 3, 2020

This is why I believe smallcaps are the place to be in the near future.

How We Made 10%+ Profits Overnight(Fast Profits Daily)

Jul 3, 2020

A simple trade in natural gas delivered more than 10% overnight. Here's how we did it...

More

India's #1 Trader
Reveals His Secrets

The Secret to Increasing Your Trading Profits Today
Get this Special Report, The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

MARG LTD SHARE PRICE


Jul 15, 2020 (Close)

TRACK MARG LTD

  • Track your investment in MARG LTD with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

COMPARE MARG LTD WITH

MARKET STATS