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MT EDUCARE Announces Quarterly Results (2QFY19); Net Profit Up 98.3%

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MT EDUCARE Announces Quarterly Results (2QFY19); Net Profit Up 98.3%
Tue, 16 Oct

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

MT EDUCARE Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m618704582-17.4%-5.9%
Other incomeRs m4038429.7%4.5%
TurnoverRs m658742623-16.0%-5.3%
ExpensesRs m525630499-20.8%-5.0%
Gross profitRs m93748312.0%-11.0%
DepreciationRs m554646-0.1%-16.6%
InterestRs m586353-16.3%-8.1%
Profit before taxRs m20325891.1%26.2%
TaxRs m14-614-2.9%
Profit after taxRs m691232.6%98.3%
Gross profit margin%15.010.514.2
Effective tax rate%71.2-238.154.8
Net profit margin%0.91.21.8
* 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 5.9% on a year-on-year (YoY) basis. The expenses were down by 5.0% YoY during the same period.
  • The company's operating profit declined by 11.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.2% in 2QFY19 as against 15.0% in 2QFY18.
  • Depreciation charges and finance costs declined by 16.6% YoY and 8.1% YoY, respectively.
  • Other income increased by 4.5% YoY during the quarter.
  • Net profit for the quarter increased by 98.3% YoY. Net profit margins during the quarter increased from 0.9% in 2QFY18 to 1.8% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 17.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 20.8% QoQ during the same period.
  • The company's operating profit increased by 12.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.2% in 2QFY19 as against 10.5% in 1QFY18.
  • Net profit for the quarter increased by 32.6% QoQ, while net profit margins increased from 1.2% in 1QFY18 to 1.8% in 2QFY19.

To see how MT EDUCARE has performed over the last eight quarters, please visit here.

MT EDUCARE Share Price Performance

Over the last one year, MT EDUCARE share price has moved up from Rs 62.2 to Rs 52.3, registering a Loss of Rs 9.9 or around 15.8%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,295.8 (up 0.4%). Over the last one year it has moved up from 5,953.0 to 7,295.8, a gain of 1,343 points (up 22.6%).

Overall, the S&P BSE SENSEX is up 7.8% over the year.

Current Valuations

At the current price of Rs 52.3, the price to earnings (P/E) ratio of MT EDUCARE stands at 4.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.7 times.

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