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MUKAND LIMITED Announces Quarterly Results (4QFY18); Net Profit Down 292.4%

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MUKAND LIMITED Announces Quarterly Results (4QFY18); Net Profit Down 292.4%
Tue, 12 Jun

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

MUKAND LIMITED Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m6,8847,8998,2804.8%20.3%
Other incomeRs m73322,7328410.0%3631.8%
TurnoverRs m6,9577,93111,01238.8%58.3%
ExpensesRs m6,3847,5228,83117.4%38.3%
Gross profitRs m500286-595-307.9%-219.0%
DepreciationRs m18213715714.1%-14.1%
InterestRs m7026736943.1%-1.2%
Profit before taxRs m-311-4921,286
TaxRs m292-151127-56.6%
Profit after taxRs m-603-3411,159
Gross profit margin%7.33.6-7.2
Effective tax rate%-94.030.69.9
Net profit margin%-8.7-4.310.5
* 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 grew 20.3% on a year-on-year (YoY) basis. The expenses were up by 38.3% YoY during the same period.
  • The company's operating profit declined by 219.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.2% in 4QFY18 as against 7.3% in 4QFY17.
  • Depreciation charges and finance costs declined by 14.1% YoY and 1.2% YoY, respectively.
  • Other income increased by 3631.8% YoY during the quarter.
  • Net profit for the quarter declined by 292.4% YoY. Net profit margins during the quarter increased from -8.7% in 4QFY17 to 10.5% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 17.4% QoQ during the same period.
  • The company's operating profit increased by 307.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.2% in 4QFY18 as against 3.6% in 3QFY17.
  • Net profit for the quarter declined by 439.9% QoQ, while net profit margins increased from 4.3% in 3QFY17 to 10.5% in 4QFY18.

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 66.1 to Rs 67.0, registering a Gain of Rs 0.9 or around 1.4%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 13,797.5 (down 0.1%). Over the last one year it has moved up from 11,347.0 to 13,797.5, a gain of 2,450.6 points (up 21.6%).

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

Current Valuations

At the current price of Rs 67.0, the price to earnings (P/E) ratio of MUKAND LIMITED stands at 18.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.5 times.

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