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NAVA BHARAT VENTURES Announces Quarterly Results (3QFY19); Net Profit Up 556.4%

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NAVA BHARAT VENTURES Announces Quarterly Results (3QFY19); Net Profit Up 556.4%
Tue, 12 Feb

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

NAVA BHARAT VENTURES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m5,8037,6848,1866.5%41.1%
Other incomeRs m157346286-17.3%82.1%
TurnoverRs m5,9608,0298,4725.5%42.2%
ExpensesRs m4,0944,2494,4454.6%8.6%
Gross profitRs m1,7093,4353,7418.9%118.9%
DepreciationRs m7297227422.8%1.8%
InterestRs m805939914-2.7%13.5%
Profit before taxRs m3322,1192,37111.9%614.5%
TaxRs m1347141,07250.1%700.2%
Profit after taxRs m1981,4051,299-7.5%556.4%
Gross profit margin%29.444.745.7
Effective tax rate%40.433.745.2
Net profit margin%3.317.515.3
* 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 41.1% on a year-on-year (YoY) basis. The expenses were up by 8.6% YoY during the same period.
  • The company's operating profit increased by 118.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 45.7% in 3QFY19 as against 29.4% in 3QFY18.
  • Depreciation charges increased by 1.8% and finance costs increased by 13.5% YoY, respectively.
  • Other income increased by 82.1% YoY during the quarter.
  • Net profit for the quarter increased by 556.4% YoY. Net profit margins during the quarter increased from 3.3% in 3QFY18 to 15.3% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 6.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.6% QoQ during the same period.
  • The company's operating profit increased by 8.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 45.7% in 3QFY19 as against 44.7% in 2QFY18.
  • Net profit for the quarter declined by 7.5% QoQ, while net profit margins declined from 17.5% in 2QFY18 to 15.3% in 3QFY19.

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 147.6 to Rs 100.3, registering a Loss of Rs 47.4 or around 32.1%.

Overall, the S&P BSE SENSEX is up 6.1% over the year.

Current Valuations

At the current price of Rs 100.3, the price to earnings (P/E) ratio of NAVA BHARAT VENTURES stands at 3.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.7 times.

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

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For the quarter ended September 2018, NAVA BHARAT VENTURES has posted a net profit of Rs 1 bn (up 427.5% YoY). Sales on the other hand came in at Rs 8 bn (up 50.2% YoY). Read on for a complete analysis of NAVA BHARAT VENTURES's quarterly results.

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