PHOENIX MILL Announces Quarterly Results (2QFY19); Net Profit Up 57.5%

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PHOENIX MILL Announces Quarterly Results (2QFY19); Net Profit Up 57.5%
Mon, 12 Nov

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

PHOENIX MILL Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m3,7064,1324,047-2.0%9.2%
Other incomeRs m1491701837.4%22.5%
TurnoverRs m3,8554,3024,230-1.7%9.7%
ExpensesRs m1,9222,1782,065-5.2%7.5%
Gross profitRs m1,9082,0562,0861.5%9.4%
DepreciationRs m5104995061.5%-0.7%
InterestRs m8578469178.5%7.1%
Profit before taxRs m690881845-4.1%22.5%
TaxRs m267235179-24.1%-33.1%
Profit after taxRs m4236466663.2%57.5%
Gross profit margin%51.549.851.5
Effective tax rate%38.726.721.1
Net profit margin%11.015.015.7
* 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 9.2% on a year-on-year (YoY) basis. The expenses were up by 7.5% YoY during the same period.
  • The company's operating profit increased by 9.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 51.5% in 2QFY19 as against 51.5% in 2QFY18.
  • Depreciation charges declined by 0.7% and finance costs increased by 7.1% YoY, respectively.
  • Other income increased by 22.5% YoY during the quarter.
  • Net profit for the quarter increased by 57.5% YoY. Net profit margins during the quarter increased from 11.0% in 2QFY18 to 15.7% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 5.2% QoQ during the same period.
  • The company's operating profit increased by 1.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 51.5% in 2QFY19 as against 49.8% in 1QFY18.
  • Net profit for the quarter increased by 3.2% QoQ, while net profit margins increased from 15.0% in 1QFY18 to 15.7% in 2QFY19.

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 up from Rs 510.3 to Rs 591.0, registering a Gain of Rs 80.8 or around 15.8%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,747.5 (down 0.9%). Over the last one year it has moved down from 2,307.9 to 1,747.5, a gain of 560 points (down 24.3%).

Overall, the S&P BSE SENSEX is up 5.8% over the year.

Current Valuations

At the current price of Rs 591.0, the price to earnings (P/E) ratio of PHOENIX MILL stands at 28.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.0 times.

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