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FUTURE ENTERPRISES Announces Quarterly Results (2QFY19); Net Profit Up 460.3%

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FUTURE ENTERPRISES Announces Quarterly Results (2QFY19); Net Profit Up 460.3%
Mon, 12 Nov

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

FUTURE ENTERPRISES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m11,10610,17912,13719.2%9.3%
Other incomeRs m434598746.0%-80.0%
TurnoverRs m11,54010,23812,22419.4%5.9%
ExpensesRs m8,3597,3688,81919.7%5.5%
Gross profitRs m2,7482,8103,31818.1%20.8%
DepreciationRs m1,7521,8431,8983.0%8.3%
InterestRs m1,4491,4681,411-3.9%-2.6%
Profit before taxRs m-19-44196
TaxRs m0-138260.0%
Profit after taxRs m-19-30470
Gross profit margin%24.727.627.3
Effective tax rate%0.031.227.1
Net profit margin%-0.2-3.00.6
* 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 grew 9.3% on a year-on-year (YoY) basis. The expenses were up by 5.5% YoY during the same period.
  • The company's operating profit increased by 20.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 27.3% in 2QFY19 as against 24.7% in 2QFY18.
  • Depreciation charges increased by 8.3% and finance costs declined by 2.6% YoY, respectively.
  • Other income declined by 80.0% YoY during the quarter.
  • Net profit for the quarter increased by 460.3% YoY. Net profit margins during the quarter increased from -0.2% in 2QFY18 to 0.6% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 19.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 19.7% QoQ during the same period.
  • The company's operating profit declined by 18.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 27.3% in 2QFY19 as against 27.6% in 1QFY18.
  • Net profit for the quarter increased by 123.0% QoQ, while net profit margins increased from -3.0% in 1QFY18 to 0.6% in 2QFY19.

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 up from Rs 48.0 to Rs 41.0, registering a Loss of Rs 7.1 or around 14.7%.

Overall, the S&P BSE SENSEX is up 5.9% over the year.

Current Valuations

At the current price of Rs 41.0, the price to earnings (P/E) ratio of FUTURE ENTERPRISES stands at 1075.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.9 times.

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