STRIDES SHASUN LTD Announces Quarterly Results (1QFY19); Net Profit Down 57.5%

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STRIDES SHASUN LTD Announces Quarterly Results (1QFY19); Net Profit Down 57.5%
Fri, 10 Aug

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

STRIDES SHASUN LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m8,4186,6426,635-0.1%-21.2%
Other incomeRs m361218106-51.2%-70.5%
TurnoverRs m8,7786,8606,741-1.7%-23.2%
ExpensesRs m7,5455,7765,8270.9%-22.8%
Gross profitRs m84664975816.9%-10.4%
DepreciationRs m511443429-3.3%-16.2%
InterestRs m640455441-3.0%-31.1%
Profit before taxRs m55-31-5-109.3%
TaxRs m-33-40-43
Profit after taxRs m88838364.2%-57.5%
Gross profit margin%10.19.811.4
Effective tax rate%-60.7125.8837.3
Net profit margin%1.00.10.6
* 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 fell 21.2% on a year-on-year (YoY) basis. The expenses were down by 22.8% YoY during the same period.
  • The company's operating profit declined by 10.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.4% in 1QFY19 as against 10.1% in 1QFY18.
  • Depreciation charges and finance costs declined by 16.2% YoY and 31.1% YoY, respectively.
  • Other income declined by 70.5% YoY during the quarter.
  • Net profit for the quarter declined by 57.5% YoY. Net profit margins during the quarter declined from 1.0% in 1QFY18 to 0.6% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.9% QoQ during the same period.
  • The company's operating profit increased by 16.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.4% in 1QFY19 as against 9.8% in 4QFY18.
  • Net profit for the quarter increased by 364.2% QoQ, while net profit margins increased from 0.1% in 4QFY18 to 0.6% in 1QFY19.

To see how STRIDES SHASUN LTD has performed over the last eight quarters, please visit here.

STRIDES SHASUN LTD Share Price Performance

Over the last one year, STRIDES SHASUN LTD share price has moved up from Rs 945.8 to Rs 410.9, registering a Loss of Rs 534.9 or around 56.6%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 14,253.9 (down 1.0%). Over the last one year it has moved up from 12,779.2 to 14,253.9, a gain of 1,475 points (up 11.5%).

Overall, the S&P BSE SENSEX is up 19.1% over the year.

Current Valuations

At the current price of Rs 410.9, the price to earnings (P/E) ratio of STRIDES SHASUN LTD stands at 36.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.

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1 Responses to "STRIDES SHASUN LTD Announces Quarterly Results (1QFY19); Net Profit Down 57.5%"

sunil mittal

Aug 25, 2018

worst seems to behind,buy at current valuation

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Equitymaster requests your view! Post a comment on "STRIDES SHASUN LTD Announces Quarterly Results (1QFY19); Net Profit Down 57.5%". Click here!

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