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NAVA BHARAT VENTURES Announces Quarterly Results (2QFY19); Net Profit Up 427.5%

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NAVA BHARAT VENTURES Announces Quarterly Results (2QFY19); Net Profit Up 427.5%
Mon, 5 Nov

NAVA BHARAT VENTURES has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

NAVA BHARAT VENTURES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m5,1157,4087,6843.7%50.2%
Other incomeRs m15224234642.7%127.3%
TurnoverRs m5,2677,6508,0295.0%52.4%
ExpensesRs m3,5334,6524,249-8.7%20.3%
Gross profitRs m1,5822,7553,43524.7%117.1%
DepreciationRs m5737007223.2%26.0%
InterestRs m6468629398.9%45.4%
Profit before taxRs m5151,4362,11947.6%311.7%
TaxRs m248282714153.0%187.5%
Profit after taxRs m2661,1541,40521.8%427.5%
Gross profit margin%30.937.244.7
Effective tax rate%48.219.733.7
Net profit margin%5.115.117.5
* 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 50.2% on a year-on-year (YoY) basis. The expenses were up by 20.3% YoY during the same period.
  • The company's operating profit increased by 117.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 44.7% in 2QFY19 as against 30.9% in 2QFY18.
  • Depreciation charges increased by 26.0% and finance costs increased by 45.4% YoY, respectively.
  • Other income increased by 127.3% YoY during the quarter.
  • Net profit for the quarter increased by 427.5% YoY. Net profit margins during the quarter increased from 5.1% in 2QFY18 to 17.5% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 3.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 8.7% QoQ during the same period.
  • The company's operating profit increased by 24.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 44.7% in 2QFY19 as against 37.2% in 1QFY18.
  • Net profit for the quarter increased by 21.8% QoQ, while net profit margins increased from 15.1% in 1QFY18 to 17.5% in 2QFY19.

To see how NAVA BHARAT VENTURES has performed over the last eight quarters, please visit here.

NAVA BHARAT VENTURES Share Price Performance

Over the last one year, NAVA BHARAT VENTURES share price has moved up from Rs 137.5 to Rs 122.5, registering a Loss of Rs 15.0 or around 10.9%.

Overall, the S&P BSE SENSEX is up 3.8% over the year.

Current Valuations

At the current price of Rs 122.5, the price to earnings (P/E) ratio of NAVA BHARAT VENTURES stands at 4.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.8 times.

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