PHOENIX MILL Announces Quarterly Results (1QFY20); Net Profit Up 127.5%

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PHOENIX MILL Announces Quarterly Results (1QFY20); Net Profit Up 127.5%
Thu, 8 Aug

PHOENIX MILL has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

PHOENIX MILL Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m4,1327,2326,150-15.0%48.9%
Other incomeRs m170329154-53.3%-9.5%
TurnoverRs m4,3027,5616,304-16.6%46.6%
ExpensesRs m2,1783,4613,223-6.9%48.0%
Gross profitRs m2,0564,2522,927-31.2%42.4%
DepreciationRs m499514507-1.4%1.6%
InterestRs m8468268715.5%3.0%
Profit before taxRs m8813,2421,703-47.5%93.3%
TaxRs m235510234-54.1%-0.4%
Profit after taxRs m6462,7321,469-46.2%127.5%
Gross profit margin%49.858.847.6
Effective tax rate%26.715.713.8
Net profit margin%15.036.123.3
* 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 48.9% on a year-on-year (YoY) basis. The expenses were up by 48.0% YoY during the same period.
  • The company's operating profit increased by 42.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 47.6% in 1QFY20 as against 49.8% in 1QFY19.
  • Depreciation charges increased by 1.6% and finance costs increased by 3.0% YoY, respectively.
  • Other income declined by 9.5% YoY during the quarter.
  • Net profit for the quarter increased by 127.5% YoY. Net profit margins during the quarter increased from 15.0% in 1QFY19 to 23.3% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 15.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.9% QoQ during the same period.
  • The company's operating profit declined by 31.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 47.6% in 1QFY20 as against 58.8% in 4QFY19.
  • Net profit for the quarter declined by 46.2% QoQ, while net profit margins declined from 36.1% in 4QFY19 to 23.3% in 1QFY20.

To see how PHOENIX MILL has performed over the last eight quarters,please visit here.

PHOENIX MILL Share Price Performance

Over the last one year,PHOENIX MILL share price has moved down from Rs 645.6 to Rs 640.9, registering a Loss of Rs 4.7 or around 0.7%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,012.7 (up 0.8%). Over the last one year it has moved down from 2,058.8 to 2,012.7, a gain of 46 points (down 2.2%).

Overall, the S&P BSE SENSEX is down 1.4% over the year.

Current Valuations

At the current price of Rs 640.9, the price to earnings (P/E) ratio of PHOENIX MILL stands at 16.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.3 times.

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