MIRZA INTERNATIONAL Announces Quarterly Results (1QFY20); Net Profit Down 47.1%

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MIRZA INTERNATIONAL Announces Quarterly Results (1QFY20); Net Profit Down 47.1%
Fri, 16 Aug

MIRZA INTERNATIONAL has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

MIRZA INTERNATIONAL Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m2,6182,8703,0787.3%17.6%
Other incomeRs m1171-96.4%-1.6%
TurnoverRs m2,6192,8863,0796.7%17.5%
ExpensesRs m2,1872,5872,7405.9%25.3%
Gross profitRs m43228333819.7%-21.7%
DepreciationRs m799988-11.1%11.9%
InterestRs m739110110.0%36.8%
Profit before taxRs m28010915037.8%-46.4%
TaxRs m100385545.7%-44.9%
Profit after taxRs m181719633.7%-47.1%
Gross profit margin%16.59.911.0
Effective tax rate%35.534.536.5
Net profit margin%6.92.53.1
* 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 17.6% on a year-on-year (YoY) basis. The expenses were up by 25.3% YoY during the same period.
  • The company's operating profit declined by 21.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.0% in 1QFY20 as against 16.5% in 1QFY19.
  • Depreciation charges increased by 11.9% and finance costs increased by 36.8% YoY, respectively.
  • Other income declined by 1.6% YoY during the quarter.
  • Net profit for the quarter declined by 47.1% YoY. Net profit margins during the quarter declined from 6.9% in 1QFY19 to 3.1% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 7.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.9% QoQ during the same period.
  • The company's operating profit increased by 19.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.0% in 1QFY20 as against 9.9% in 4QFY19.
  • Net profit for the quarter increased by 33.7% QoQ, while net profit margins increased from 2.5% in 4QFY19 to 3.1% in 1QFY20.

To see how MIRZA INTERNATIONAL has performed over the last eight quarters,please visit here.

MIRZA INTERNATIONAL Share Price Performance

Over the last one year,MIRZA INTERNATIONAL share price has moved down from Rs 99.7 to Rs 55.9, registering a Loss of Rs 43.8 or around 44.0%.

Overall, the S&P BSE SENSEX is down 1.3% over the year.

Current Valuations

At the current price of Rs 55.9, the price to earnings (P/E) ratio of MIRZA INTERNATIONAL stands at 15.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.1 times.

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Related Views on News

MIRZA INTERNATIONAL Announces Quarterly Results (4QFY19); Net Profit Down 59.7% (Quarterly Result Update)

Jun 13, 2019 | Updated on Jun 13, 2019

For the quarter ended March 2019, MIRZA INTERNATIONAL has posted a net profit of Rs 71 m (down 59.7% YoY). Sales on the other hand came in at Rs 3 bn (up 27.2% YoY). Read on for a complete analysis of MIRZA INTERNATIONAL's quarterly results.

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