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PRIME FOCUS Announces Quarterly Results (2QFY19); Net Profit Down 426.6%

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PRIME FOCUS Announces Quarterly Results (2QFY19); Net Profit Down 426.6%
Fri, 23 Nov

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

PRIME FOCUS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m5,4736,0856,057-0.5%10.7%
Other incomeRs m214300119-60.4%-44.3%
TurnoverRs m5,6866,3856,176-3.3%8.6%
ExpensesRs m4,4055,2595,84211.1%32.6%
Gross profitRs m1,068826215-74.0%-79.9%
DepreciationRs m708719709-1.4%0.0%
InterestRs m36248755012.9%51.8%
Profit before taxRs m211-80-925-539.5%
TaxRs m-86-211-3925.0%
Profit after taxRs m219-85-714-426.6%
Gross profit margin%19.513.63.5
Effective tax rate%-3.9-6.922.8
Net profit margin%3.8-1.3-11.6
* 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 10.7% on a year-on-year (YoY) basis. The expenses were up by 32.6% YoY during the same period.
  • The company's operating profit declined by 79.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.5% in 2QFY19 as against 19.5% in 2QFY18.
  • Depreciation charges increased by 0.0% and finance costs increased by 51.8% YoY, respectively.
  • Other income declined by 44.3% YoY during the quarter.
  • Net profit for the quarter declined by 426.6% YoY. Net profit margins during the quarter declined from 3.8% in 2QFY18 to -11.6% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 11.1% QoQ during the same period.
  • The company's operating profit declined by 74.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.5% in 2QFY19 as against 13.6% in 1QFY18.
  • Net profit for the quarter declined by 739.3% QoQ, while net profit margins declined from -1.3% in 1QFY18 to -11.6% in 2QFY19.

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 63.2, registering a Loss of Rs 40.3 or around 39.0%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 6,809.0 (down 0.2%). Over the last one year it has moved up from 6,123.7 to 6,809.0, a gain of 685 points (up 11.2%).

Overall, the S&P BSE SENSEX is up 4.2% over the year.

Current Valuations

At the current price of Rs 63.2, the price to book value (P/BV) ratio of PRIME FOCUS stands at 1.6 times.

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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.

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

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For the quarter ended June 2018, PRIME FOCUS has posted a net profit of Rs 85 m (down 378.0% YoY). Sales on the other hand came in at Rs 6 bn (up 18.5% YoY). Read on for a complete analysis of PRIME FOCUS's quarterly results.

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