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MUKAND LIMITED Announces Quarterly Results (1QFY19); Net Profit Down 70.6%

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MUKAND LIMITED Announces Quarterly Results (1QFY19); Net Profit Down 70.6%
Mon, 20 Aug

MUKAND LIMITED has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

MUKAND LIMITED Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m9,0548,2808,204-0.9%-9.4%
Other incomeRs m232,73297-96.4%319.4%
TurnoverRs m9,07711,0128,301-24.6%-8.5%
ExpensesRs m7,9748,8317,776-11.9%-2.5%
Gross profitRs m1,080-595428-60.4%
DepreciationRs m167157142-9.4%-15.2%
InterestRs m1,1046947163.3%-35.2%
Profit before taxRs m-1691,286-333-125.9%
TaxRs m-39127-111-187.5%
Profit after taxRs m-1301,159-222-119.1%
Gross profit margin%11.9-7.25.2
Effective tax rate%22.99.933.4
Net profit margin%-1.410.5-2.7
* 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 9.4% on a year-on-year (YoY) basis. The expenses were down by 2.5% YoY during the same period.
  • The company's operating profit declined by 60.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.2% in 1QFY19 as against 11.9% in 1QFY18.
  • Depreciation charges and finance costs declined by 15.2% YoY and 35.2% YoY, respectively.
  • Other income increased by 319.4% YoY during the quarter.
  • Net profit for the quarter declined by 70.6% YoY. Net profit margins during the quarter declined from -1.4% in 1QFY18 to -2.7% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 11.9% QoQ during the same period.
  • The company's operating profit increased by 171.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 5.2% in 1QFY19 as against 7.2% in 4QFY18.
  • Net profit for the quarter declined by 119.1% QoQ, while net profit margins declined from 10.5% in 4QFY18 to -2.7% in 1QFY19.

To see how MUKAND LIMITED has performed over the last eight quarters, please visit here.

MUKAND LIMITED Share Price Performance

Over the last one year, MUKAND LIMITED share price has moved up from Rs 81.3 to Rs 61.5, registering a Loss of Rs 19.8 or around 24.3%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 13,093.2 (up 1.7%). Over the last one year it has moved up from 12,941.5 to 13,093.2, a gain of 152 points (up 1.2%).

Overall, the S&P BSE SENSEX is up 20.4% over the year.

Current Valuations

At the current price of Rs 61.5, the price to earnings (P/E) ratio of MUKAND LIMITED stands at 21.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.5 times.

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