FUTURE ENTERPRISES Announces Quarterly Results (1QFY20); Net Profit Up 57.5%

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FUTURE ENTERPRISES Announces Quarterly Results (1QFY20); Net Profit Up 57.5%
Fri, 16 Aug

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

FUTURE ENTERPRISES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m10,17912,21110,976-10.1%7.8%
Other incomeRs m59516325.0%6.4%
TurnoverRs m10,23812,26111,039-10.0%7.8%
ExpensesRs m7,3688,4397,688-8.9%4.3%
Gross profitRs m2,8103,7713,289-12.8%17.0%
DepreciationRs m1,8431,9902,0392.5%10.6%
InterestRs m1,4681,4801,5102.1%2.9%
Profit before taxRs m-441352-197-155.9%
TaxRs m-138-111-68
Profit after taxRs m-304463-129-127.8%
Gross profit margin%27.630.930.0
Effective tax rate%31.2-31.534.5
Net profit margin%-3.03.8-1.2
* 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 7.8% on a year-on-year (YoY) basis. The expenses were up by 4.3% YoY during the same period.
  • The company's operating profit increased by 17.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 30.0% in 1QFY20 as against 27.6% in 1QFY19.
  • Depreciation charges increased by 10.6% and finance costs increased by 2.9% YoY, respectively.
  • Other income increased by 6.4% YoY during the quarter.
  • Net profit for the quarter increased by 57.5% YoY. Net profit margins during the quarter increased from -3.0% in 1QFY19 to -1.2% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 10.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 8.9% QoQ during the same period.
  • The company's operating profit declined by 12.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 30.0% in 1QFY20 as against 30.9% in 4QFY19.
  • Net profit for the quarter declined by 127.8% QoQ, while net profit margins declined from 3.8% in 4QFY19 to -1.2% in 1QFY20.

To see how FUTURE ENTERPRISES has performed over the last eight quarters,please visit here.

FUTURE ENTERPRISES Share Price Performance

Over the last one year,FUTURE ENTERPRISES share price has moved down from Rs 36.2 to Rs 28.6, registering a Loss of Rs 7.6 or around 20.9%.

Overall, the S&P BSE SENSEX is down 1.3% over the year.

Current Valuations

At the current price of Rs 28.6, the price to earnings (P/E) ratio of FUTURE ENTERPRISES stands at 214.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.2 times.

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Related Views on News

FUTURE ENTERPRISES Announces Quarterly Results (4QFY19); Net Profit Up 199.1% (Quarterly Result Update)

Jun 3, 2019 | Updated on Jun 3, 2019

For the quarter ended March 2019, FUTURE ENTERPRISES has posted a net profit of Rs 463 m (up 199.1% YoY). Sales on the other hand came in at Rs 12 bn (up 29.7% YoY). Read on for a complete analysis of FUTURE ENTERPRISES's quarterly results.

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