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

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ORBIT EXPORTS Announces Quarterly Results (2QFY19); Net Profit Up 11.2%
Mon, 12 Nov

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

ORBIT EXPORTS Quarterly Financials

No. of Mths
Qtr. Ending
QoQ ChangeYoY Change
Net SalesRs m327417348-16.7%6.2%
Other incomeRs m124529.8%-61.7%
TurnoverRs m339421352-16.3%3.8%
ExpensesRs m237252251-0.4%6.0%
Gross profitRs m9116597-41.5%6.9%
DepreciationRs m1818206.2%7.8%
InterestRs m143-18.9%141.3%
Profit before taxRs m8314779-46.3%-5.2%
TaxRs m294318-57.9%-36.7%
Profit after taxRs m5510461-41.5%11.2%
Gross profit margin%27.739.727.9
Effective tax rate%34.329.322.9
Net profit margin%16.124.717.3
* 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 6.2% on a year-on-year (YoY) basis. The expenses were up by 6.0% YoY during the same period.
  • The company's operating profit increased by 6.9% YoY during the quarter. Consequently, operating profit margins remained same and stood at 27.9% in 2QFY19.
  • Depreciation charges increased by 7.8% and finance costs increased by 141.3% YoY, respectively.
  • Other income declined by 61.7% YoY during the quarter.
  • Net profit for the quarter increased by 11.2% YoY. Net profit margins during the quarter increased from 16.1% in 2QFY18 to 17.3% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 16.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.4% QoQ during the same period.
  • The company's operating profit declined by 41.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 27.9% in 2QFY19 as against 39.7% in 1QFY18.
  • Net profit for the quarter declined by 41.5% QoQ, while net profit margins declined from 24.7% in 1QFY18 to 17.3% in 2QFY19.

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 145.0 to Rs 138.1, registering a Loss of Rs 6.9 or around 4.8%.

Overall, the S&P BSE SENSEX is up 5.6% over the year.

Current Valuations

At the current price of Rs 138.1, the price to earnings (P/E) ratio of ORBIT EXPORTS stands at 6.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.4 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 (1QFY19); Net Profit Up 32.4% (Quarterly Result Update)

Aug 10, 2018 | Updated on Aug 10, 2018

For the quarter ended June 2018, ORBIT EXPORTS has posted a net profit of Rs 104 m (up 32.4% YoY). Sales on the other hand came in at Rs 417 m (up 7.4% YoY). Read on for a complete analysis of ORBIT EXPORTS's quarterly results.

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