ORBIT EXPORTS Announces Quarterly Results (4QFY19); Net Profit Down 62.5%

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ORBIT EXPORTS Announces Quarterly Results (4QFY19); Net Profit Down 62.5%
Wed, 15 May

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

ORBIT EXPORTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m3022772852.7%-5.6%
Other incomeRs m92112-41.8%33.7%
TurnoverRs m311298297-0.4%-4.4%
ExpensesRs m2172302310.5%6.6%
Gross profitRs m85475413.6%-36.7%
DepreciationRs m19222619.8%38.7%
InterestRs m244-9.4%138.0%
Profit before taxRs m744236-14.7%-50.8%
TaxRs m1001224.5%
Profit after taxRs m644324-43.9%-62.5%
Gross profit margin%28.117.118.9
Effective tax rate%13.4-0.534.0
Net profit margin%20.514.38.1
* 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 5.6% on a year-on-year (YoY) basis. The expenses were up by 6.6% YoY during the same period.
  • The company's operating profit declined by 36.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.9% in 4QFY19 as against 28.1% in 4QFY18.
  • Depreciation charges increased by 38.7% and finance costs increased by 138.0% YoY, respectively.
  • Other income increased by 33.7% YoY during the quarter.
  • Net profit for the quarter declined by 62.5% YoY. Net profit margins during the quarter declined from 20.5% in 4QFY18 to 8.1% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.5% QoQ during the same period.
  • The company's operating profit increased by 13.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.9% in 4QFY19 as against 17.1% in 3QFY18.
  • Net profit for the quarter declined by 43.9% QoQ, while net profit margins declined from 14.4% in 3QFY18 to 8.1% in 4QFY19.

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 139.0 to Rs 113.1, registering a Loss of Rs 25.9 or around 18.6%.

Overall, the S&P BSE SENSEX is up 5.5% over the year.

Current Valuations

At the current price of Rs 113.1, the price to earnings (P/E) ratio of ORBIT EXPORTS stands at 6.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.1 times.

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