PRIME FOCUS Announces Quarterly Results (1QFY19); Net Profit Down 378.0%

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PRIME FOCUS Announces Quarterly Results (1QFY19); Net Profit Down 378.0%
Tue, 21 Aug

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

PRIME FOCUS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m5,1355,8716,0853.6%18.5%
Other incomeRs m107233001188.2%181.5%
TurnoverRs m5,2425,8946,3858.3%21.8%
ExpensesRs m4,2184,9235,2596.8%24.7%
Gross profitRs m917947826-12.8%-10.0%
DepreciationRs m6456617198.7%11.3%
InterestRs m376931487-47.7%29.4%
Profit before taxRs m2-622-80-3545.9%
TaxRs m-2816311.2%
Profit after taxRs m31-623-85-378.0%
Gross profit margin%17.916.113.6
Effective tax rate%-1,225.5-0.2-6.9
Net profit margin%0.6-10.6-1.3
* 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 18.5% on a year-on-year (YoY) basis. The expenses were up by 24.7% YoY during the same period.
  • The company's operating profit declined by 10.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.6% in 1QFY19 as against 17.9% in 1QFY18.
  • Depreciation charges and finance costs increased by 11.3% YoY and 29.4% YoY, respectively.
  • Other income increased by 181.5% YoY during the quarter.
  • Net profit for the quarter declined by 378.0% YoY. Net profit margins during the quarter declined from 0.6% in 1QFY18 to -1.3% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 3.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.8% QoQ during the same period.
  • The company's operating profit declined by 12.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.6% in 1QFY19 as against 16.1% in 4QFY18.
  • Net profit for the quarter increased by 86.3% QoQ, while net profit margins increased from -10.6% in 4QFY18 to -1.3% in 1QFY19.

To see how PRIME FOCUS has performed over the last eight quarters, please visit here.

PRIME FOCUS Share Price Performance

Over the last one year, PRIME FOCUS share price has moved up from Rs 103.5 to Rs 89.2, registering a Loss of Rs 14.3 or around 13.8%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,549.8 (up 0.3%). Over the last one year it has moved up from 5,611.7 to 7,549.8, a gain of 1,938 points (up 34.5%).

Overall, the S&P BSE SENSEX is up 22.5% over the year.

Current Valuations

At the current price of Rs 89.2, the price to book value (P/BV) ratio of PRIME FOCUS stands at 2.2 times.

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PRIME FOCUS Announces Quarterly Results (4QFY19); Net Profit Up 133.0% (Quarterly Result Update)

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For the quarter ended March 2019, PRIME FOCUS has posted a net profit of Rs 206 m (up 133.0% YoY). Sales on the other hand came in at Rs 7 bn (up 14.5% YoY). Read on for a complete analysis of PRIME FOCUS's quarterly results.

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For the quarter ended December 2018, PRIME FOCUS has posted a net profit of Rs 264 m (up 476.1% YoY). Sales on the other hand came in at Rs 7 bn (up 7.3% YoY). Read on for a complete analysis of PRIME FOCUS's quarterly results.

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