MUKAND LIMITED Announces Quarterly Results (4QFY19); Net Profit Down 119.1%

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MUKAND LIMITED Announces Quarterly Results (4QFY19); Net Profit Down 119.1%
Fri, 24 May

MUKAND LIMITED has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

MUKAND LIMITED Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m8,2809,3518,396-10.2%1.4%
Other incomeRs m2,732121447268.8%-83.6%
TurnoverRs m11,0129,4738,844-6.6%-19.7%
ExpensesRs m8,8318,8918,244-7.3%-6.6%
Gross profitRs m-595460152-66.9%
DepreciationRs m157160141-11.7%-10.0%
InterestRs m6947638258.2%19.0%
Profit before taxRs m1,286-341-366-128.5%
TaxRs m127-139-145-213.9%
Profit after taxRs m1,159-202-222-119.1%
Gross profit margin%-7.24.91.8
Effective tax rate%9.940.639.4
Net profit margin%10.5-2.1-2.5
* 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 1.4% on a year-on-year (YoY) basis. The expenses were down by 6.6% YoY during the same period.
  • The company's operating profit declined by 125.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 1.8% in 4QFY19 as against 7.2% in 4QFY18.
  • Depreciation charges declined by 10.0% and finance costs increased by 19.0% YoY, respectively.
  • Other income declined by 83.6% YoY during the quarter.
  • Net profit for the quarter declined by 119.1% YoY. Net profit margins during the quarter declined from 10.5% in 4QFY18 to -2.5% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 10.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.3% QoQ during the same period.
  • The company's operating profit declined by 66.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 1.8% in 4QFY19 as against 4.9% in 3QFY18.
  • Net profit for the quarter declined by 9.6% QoQ, while net profit margins declined from -2.1% in 3QFY18 to -2.5% in 4QFY19.

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 70.0 to Rs 50.1, registering a Loss of Rs 19.9 or around 28.4%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 10,505.1 (up 0.2%). Over the last one year it has moved down from 13,207.5 to 10,505.1, a gain of 2,702 points (down 20.5%).

Overall, the S&P BSE SENSEX is up 13.3% over the year.

Current Valuations

At the current price of Rs 50.1, the price to book value (P/BV) ratio of MUKAND LIMITED stands at 0.7 times.

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