MARG LTD Announces Quarterly Results (4QFY18); Net Profit Up 502.9%

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MARG LTD Announces Quarterly Results (4QFY18); Net Profit Up 502.9%
Fri, 20 Jul

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

MARG LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m20611569-39.8%-66.4%
Other incomeRs m2402221600.0%-10.3%
TurnoverRs m23011591-21.0%-60.5%
ExpensesRs m-10868223226.2%
Gross profitRs m31447-154-429.6%-148.9%
DepreciationRs m242424-2.1%-2.5%
InterestRs m34318-5-128.7%-101.5%
Profit before taxRs m-295-150-3365.2%
TaxRs m-5-2-3
Profit after taxRs m-246-147-2472.6%
Gross profit margin%152.340.6-222.0
Effective tax rate%17.0-34.82.1
Net profit margin%-10.65.4-161.8
* 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 66.4% on a year-on-year (YoY) basis. The expenses were down by 306.7% YoY during the same period.
  • The company's operating profit declined by 148.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 222.0% in 4QFY18 as against 152.3% in 4QFY17.
  • Depreciation charges and finance costs declined by 2.5% YoY and 101.5% YoY, respectively.
  • Other income declined by 10.3% YoY during the quarter.
  • Net profit for the quarter increased by 502.9% YoY. Net profit margins during the quarter declined from -10.6% in 4QFY17 to 161.8% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 39.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 226.2% QoQ during the same period.
  • The company's operating profit declined by 429.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 222.0% in 4QFY18 as against 40.6% in 3QFY17.
  • Net profit for the quarter declined by 2472.6% QoQ, while net profit margins declined from 5.2% in 3QFY17 to 161.8% in 4QFY18.

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 10.5 to Rs 19.2, registering a Gain of Rs 8.8 or around 83.7%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,969.6 (up 0.5%). Over the last one year it has moved down from 2,184.4 to 1,969.6, a gain of -214.8 points (down 9.8%).

Overall, the S&P BSE SENSEX is up 0.5% over the year.

Current Valuations

At the current price of Rs 19.2, the price to earnings (P/E) ratio of MARG LTD stands at NM times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at -0.1 times.

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