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

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MIRZA INTERNATIONAL Announces Quarterly Results (4QFY19); Net Profit Down 59.7%
Thu, 13 Jun

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

MIRZA INTERNATIONAL Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m2,2573,0712,870-6.6%27.2%
Other incomeRs m3317535.5%429.6%
TurnoverRs m2,2603,0742,886-6.1%27.7%
ExpensesRs m1,8432,7752,587-6.8%40.4%
Gross profitRs m414297283-4.7%-31.7%
DepreciationRs m8992997.4%11.5%
InterestRs m7188914.2%28.6%
Profit before taxRs m257119109-8.5%-57.6%
TaxRs m804438-15.0%-52.7%
Profit after taxRs m1777571-4.7%-59.7%
Gross profit margin%18.39.79.9
Effective tax rate%31.037.134.5
Net profit margin%7.92.42.5
* 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 27.2% on a year-on-year (YoY) basis. The expenses were up by 40.4% YoY during the same period.
  • The company's operating profit declined by 31.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.9% in 4QFY19 as against 18.3% in 4QFY18.
  • Depreciation charges increased by 11.5% and finance costs increased by 28.6% YoY, respectively.
  • Other income increased by 429.6% YoY during the quarter.
  • Net profit for the quarter declined by 59.7% YoY. Net profit margins during the quarter declined from 7.9% in 4QFY18 to 2.5% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 6.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.8% QoQ during the same period.
  • The company's operating profit increased by 4.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.9% in 4QFY19 as against 9.7% in 3QFY18.
  • Net profit for the quarter declined by 4.7% QoQ, while net profit margins increased from 2.4% in 3QFY18 to 2.5% in 4QFY19.

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 up from Rs 117.6 to Rs 58.4, registering a Loss of Rs 59.2 or around 50.3%.

Overall, the S&P BSE SENSEX is up 10.8% over the year.

Current Valuations

At the current price of Rs 58.4, the price to earnings (P/E) ratio of MIRZA INTERNATIONAL stands at 13.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.1 times.

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