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PRIME FOCUS Announces Quarterly Results (3QFY19); Net Profit Up 476.1%

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PRIME FOCUS Announces Quarterly Results (3QFY19); Net Profit Up 476.1%
Fri, 22 Feb

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

PRIME FOCUS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m6,0966,0576,5418.0%7.3%
Other incomeRs m26119432263.3%1560.6%
TurnoverRs m6,1226,1766,97312.9%13.9%
ExpensesRs m4,8905,8425,458-6.6%11.6%
Gross profitRs m1,2062151,083404.7%-10.2%
DepreciationRs m7587097718.8%1.8%
InterestRs m4535505754.6%27.0%
Profit before taxRs m21-925169697.5%
TaxRs m91-211-96-204.9%
Profit after taxRs m-70-714264
Gross profit margin%19.83.516.6
Effective tax rate%432.722.8-56.9
Net profit margin%-1.1-11.63.8
* 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 7.3% on a year-on-year (YoY) basis. The expenses were up by 11.6% YoY during the same period.
  • The company's operating profit declined by 10.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.6% in 3QFY19 as against 19.8% in 3QFY18.
  • Depreciation charges increased by 1.8% and finance costs increased by 27.0% YoY, respectively.
  • Other income increased by 1560.6% YoY during the quarter.
  • Net profit for the quarter increased by 476.1% YoY. Net profit margins during the quarter increased from -1.1% in 3QFY18 to 3.8% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 8.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.6% QoQ during the same period.
  • The company's operating profit increased by 404.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.6% in 3QFY19 as against 3.5% in 2QFY18.
  • Net profit for the quarter increased by 137.0% QoQ, while net profit margins increased from -11.6% in 2QFY18 to 3.8% in 3QFY19.

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 102.5 to Rs 51.0, registering a Loss of Rs 51.5 or around 50.2%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,514.5 (up 0.2%). Over the last one year it has moved up from 6,671.1 to 7,514.5, a gain of 843 points (up 12.6%).

Overall, the S&P BSE SENSEX is up 6.0% over the year.

Current Valuations

At the current price of Rs 51.0, the price to book value (P/BV) ratio of PRIME FOCUS stands at 1.3 times.

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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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