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ORBIT EXPORTS Announces Quarterly Results (1QFY19); Net Profit Up 32.4%

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ORBIT EXPORTS Announces Quarterly Results (1QFY19); Net Profit Up 32.4%
Fri, 10 Aug

ORBIT EXPORTS has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

ORBIT EXPORTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m38830241738.3%7.4%
Other incomeRs m994-61.0%-58.6%
TurnoverRs m39731142135.4%6.0%
ExpensesRs m26121725216.2%-3.4%
Gross profitRs m1288516594.9%29.6%
DepreciationRs m171918-1.2%10.0%
InterestRs m224137.3%141.9%
Profit before taxRs m1187414799.1%24.4%
TaxRs m401043334.3%8.7%
Profit after taxRs m786410462.6%32.4%
Gross profit margin%32.928.139.7
Effective tax rate%33.513.429.3
Net profit margin%19.820.524.7
* 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 7.4% on a year-on-year (YoY) basis. The expenses were down by 3.4% YoY during the same period.
  • The company's operating profit increased by 29.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 39.7% in 1QFY19 as against 32.9% in 1QFY18.
  • Depreciation charges and finance costs increased by 10.0% YoY and 141.9% YoY, respectively.
  • Other income declined by 58.6% YoY during the quarter.
  • Net profit for the quarter increased by 32.4% YoY. Net profit margins during the quarter increased from 19.8% in 1QFY18 to 24.7% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 38.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 16.2% QoQ during the same period.
  • The company's operating profit increased by 94.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 39.7% in 1QFY19 as against 28.1% in 4QFY18.
  • Net profit for the quarter increased by 62.6% QoQ, while net profit margins increased from 20.6% in 4QFY18 to 24.7% in 1QFY19.

To see how ORBIT EXPORTS has performed over the last eight quarters, please visit here.

ORBIT EXPORTS Share Price Performance

Over the last one year, ORBIT EXPORTS share price has moved up from Rs 134.3 to Rs 142.3, registering a Gain of Rs 8.0 or around 5.9%.

Overall, the S&P BSE SENSEX is up 19.1% over the year.

Current Valuations

At the current price of Rs 142.3, the price to earnings (P/E) ratio of ORBIT EXPORTS stands at 7.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.5 times.

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Related Views on News

ORBIT EXPORTS 2017-18 Annual Report Analysis (Annual Result Update)

Dec 19, 2018 | Updated on Dec 19, 2018

Here's an analysis of the annual report of ORBIT EXPORTS for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of ORBIT EXPORTS. Also includes updates on the valuation of ORBIT EXPORTS.

ORBIT EXPORTS Announces Quarterly Results (2QFY19); Net Profit Up 11.2% (Quarterly Result Update)

Nov 12, 2018 | Updated on Nov 12, 2018

For the quarter ended September 2018, ORBIT EXPORTS has posted a net profit of Rs 61 m (up 11.2% YoY). Sales on the other hand came in at Rs 348 m (up 6.2% YoY). Read on for a complete analysis of ORBIT EXPORTS's quarterly results.

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