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

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MARG LTD Announces Quarterly Results (3QFY19); Net Profit Down 493.5%
Tue, 5 Mar

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

MARG LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m1155732-44.3%-72.1%
Other incomeRs m0164-74.1%4100.0%
TurnoverRs m1157436-50.8%-68.5%
ExpensesRs m6811442-63.5%-39.1%
Gross profitRs m47-57-10-120.6%
DepreciationRs m242319-18.5%-22.9%
InterestRs m1871-92.4%-97.2%
Profit before taxRs m5-70-24-630.4%
TaxRs m-2000.0%
Profit after taxRs m6-70-24-493.5%
Gross profit margin%40.6-98.4-30.0
Effective tax rate%-34.80.00.0
Net profit margin%5.4-94.6-67.4
* 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 72.1% on a year-on-year (YoY) basis. The expenses were down by 39.1% YoY during the same period.
  • The company's operating profit declined by 120.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 30.0% in 3QFY19 as against 40.6% in 3QFY18.
  • Depreciation charges declined by 22.9% and finance costs declined by 97.2% YoY, respectively.
  • Other income increased by 4100.0% YoY during the quarter.
  • Net profit for the quarter declined by 493.5% YoY. Net profit margins during the quarter declined from 5.4% in 3QFY18 to -67.4% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 44.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 63.5% QoQ during the same period.
  • The company's operating profit increased by 83.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 30.0% in 3QFY19 as against 98.4% in 2QFY18.
  • Net profit for the quarter increased by 64.9% QoQ, while net profit margins increased from -94.6% in 2QFY18 to -67.4% in 3QFY19.

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 22.2 to Rs 15.6, registering a Loss of Rs 6.6 or around 29.9%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,809.0 (up 0.7%). Over the last one year it has moved down from 2,432.0 to 1,809.0, a gain of 623 points (down 25.6%).

Overall, the S&P BSE SENSEX is up 6.1% over the year.

Current Valuations

At the current price of Rs 15.6, the price to book value (P/BV) ratio of MARG LTD stands at -0.1 times.

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