NAVA BHARAT VENTURES Announces Quarterly Results (4QFY19); Net Profit Down 62.8%

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NAVA BHARAT VENTURES Announces Quarterly Results (4QFY19); Net Profit Down 62.8%
Mon, 3 Jun

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

NAVA BHARAT VENTURES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m8,8488,1867,737-5.5%-12.6%
Other incomeRs m28828635825.1%24.4%
TurnoverRs m9,1368,4728,095-4.4%-11.4%
ExpensesRs m4,7234,4454,7025.8%-0.4%
Gross profitRs m4,1253,7413,035-18.9%-26.4%
DepreciationRs m7647427561.8%-1.1%
InterestRs m900914794-13.2%-11.8%
Profit before taxRs m2,7482,3711,843-22.3%-32.9%
TaxRs m6241,0721,053-1.7%68.8%
Profit after taxRs m2,1251,299790-39.2%-62.8%
Gross profit margin%46.645.739.2
Effective tax rate%22.745.257.1
Net profit margin%23.315.39.8
* 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 fell 12.6% on a year-on-year (YoY) basis. The expenses were down by 0.4% YoY during the same period.
  • The company's operating profit declined by 26.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 39.2% in 4QFY19 as against 46.6% in 4QFY18.
  • Depreciation charges declined by 1.1% and finance costs declined by 11.8% YoY, respectively.
  • Other income increased by 24.4% YoY during the quarter.
  • Net profit for the quarter declined by 62.8% YoY. Net profit margins during the quarter declined from 23.3% in 4QFY18 to 9.8% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.8% QoQ during the same period.
  • The company's operating profit declined by 18.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 39.2% in 4QFY19 as against 45.7% in 3QFY18.
  • Net profit for the quarter declined by 39.2% QoQ, while net profit margins declined from 15.3% in 3QFY18 to 9.8% in 4QFY19.

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 141.2 to Rs 94.2, registering a Loss of Rs 47.0 or around 33.3%.

Overall, the S&P BSE SENSEX is up 13.3% over the year.

Current Valuations

At the current price of Rs 94.2, the price to earnings (P/E) ratio of NAVA BHARAT VENTURES stands at 3.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.5 times.

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