MEMBER'S LOGINX
| Login Failure | ||||||||
|
||||||||
| Sign Up | Forgot Password? | ||||||||
- Home
- Research It
- MIRZA INTERNATIONAL
- MIRZA INTERNATIONAL Announces Quarterly Results (4QFY19); Net Profit Down 59.7%
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 Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 2,257 | 3,071 | 2,870 | -6.6% | 27.2% |
| Other income | Rs m | 3 | 3 | 17 | 535.5% | 429.6% |
| Turnover | Rs m | 2,260 | 3,074 | 2,886 | -6.1% | 27.7% |
| Expenses | Rs m | 1,843 | 2,775 | 2,587 | -6.8% | 40.4% |
| Gross profit | Rs m | 414 | 297 | 283 | -4.7% | -31.7% |
| Depreciation | Rs m | 89 | 92 | 99 | 7.4% | 11.5% |
| Interest | Rs m | 71 | 88 | 91 | 4.2% | 28.6% |
| Profit before tax | Rs m | 257 | 119 | 109 | -8.5% | -57.6% |
| Tax | Rs m | 80 | 44 | 38 | -15.0% | -52.7% |
| Profit after tax | Rs m | 177 | 75 | 71 | -4.7% | -59.7% |
| Gross profit margin | % | 18.3 | 9.7 | 9.9 | ||
| Effective tax rate | % | 31.0 | 37.1 | 34.5 | ||
| Net profit margin | % | 7.9 | 2.4 | 2.5 |
Interim results exclude extraordinary / exceptional items
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.
Related Views on News
MIRZA INTERNATIONAL Announces Quarterly Results (1QFY20); Net Profit Down 47.1% (Quarterly Result Update)
Aug 16, 2019 | Updated on Aug 16, 2019For the quarter ended June 2019, MIRZA INTERNATIONAL has posted a net profit of Rs 96 m (down 47.1% YoY). Sales on the other hand came in at Rs 3 bn (up 17.6% YoY). Read on for a complete analysis of MIRZA INTERNATIONAL's quarterly results.
MIRZA INTERNATIONAL 2017-18 Annual Report Analysis (Annual Result Update)
Mar 25, 2019 | Updated on Mar 25, 2019Here's an analysis of the annual report of MIRZA INTERNATIONAL for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of MIRZA INTERNATIONAL. Also includes updates on the valuation of MIRZA INTERNATIONAL.
More Views on NewsMost Popular
It's the Beginning of a New Bull Phase in Smallcaps(Profit Hunter)
Feb 24, 2021Last time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.
Make Rs 5,000 Per Day Trading the Market(Fast Profits Daily)
Feb 25, 2021In this video, I'll show you how to get started on the path to daily trading profits.
The Hidden Tesla in My Great Indian Wealth Project(Profit Hunter)
Feb 23, 2021An Indian company founded three decades ago in a garage caught my attention...
How Much Money For Day Trading?(Fast Profits Daily)
Feb 22, 2021In this video, I'll show you how to allocate your capital as a day trader.
More|
| |
OUR TOP 5 IDEAS
- Free Report: Multibagger Stock Ideas 2021
- Are You Making One of These 15 Costly Mistakes While Investing. Learn more!
- Covid-19 Proof Multibagger Stocks - Download this FREE Report Now
- Free Report: The Secret to Increasing Your Trading Profits Daily!
- No Guessing, No Hunches, and No Missed Trends Ever! Join Us on YouTube Now.
MIRZA INTERNATIONAL SHARE PRICE
Mar 5, 2021 (Close)
TRACK MIRZA INTERNATIONAL
- Track your investment in MIRZA INTERNATIONAL with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
- Add To MyStocks
MORE ON MIRZA INTERNATIONAL
MIRZA INTERNATIONAL - GITANJALI GEMS COMPARISON
COMPARE MIRZA INTERNATIONAL WITH
MARKET STATS
ABOUT EQUITYMASTER
Since 1996, Equitymaster has been the source for honest and credible opinions on investing in India. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Here's why hundreds of thousands of readers spread across more than 70 countries Trust Equitymaster.
FREE NEWSLETTERS
PREMIUM PRODUCTS
QUICK LINKS
POPULAR TOPICS
- Basics of Value Investing
- Benjamin Graham
- How to Invest in Gold
- How to Invest in Silver
- Best Stocks to Buy Today
- Warren Buffett - The Value Investor
- The Best Small-cap Stocks to Buy
- The Best Bluechip Stocks to Buy
- Your Ultimate Guide to Penny Stock Investing
- 10 Rules for Successful Long-Term Investing
- How to Invest in the Share Market
- Momentum Moves
FOLLOW
APP
Copyright © Equitymaster Agora Research Private Limited.
Whitelist | Refer | Terms | Privacy | Contact | About | Sitemap
Equitymaster Agora Research Private Limited (Research Analyst) 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407
All rights reserved. Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.
LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.
SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.
Equitymaster requests your view! Post a comment on "MIRZA INTERNATIONAL Announces Quarterly Results (4QFY19); Net Profit Down 59.7%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!