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

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Markets will remain closed on 6th April, 2020 on account of Mahavir Jayanti.

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.

Equitymaster requests your view! Post a comment on "FUTURE ENTERPRISES Announces Quarterly Results (2QFY19); Net Profit Up 460.3%". Click here!

  

Related Views on News

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

Aug 16, 2019 | Updated on Aug 16, 2019

For the quarter ended June 2019, FUTURE ENTERPRISES has posted a net profit of Rs 129 m (up 57.5% YoY). Sales on the other hand came in at Rs 11 bn (up 7.8% YoY). Read on for a complete analysis of FUTURE ENTERPRISES's quarterly results.

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.

FUTURE ENTERPRISES 2017-18 Annual Report Analysis (Annual Result Update)

May 10, 2019 | Updated on May 10, 2019

Here's an analysis of the annual report of FUTURE ENTERPRISES for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of FUTURE ENTERPRISES. Also includes updates on the valuation of FUTURE ENTERPRISES.

TCNS Clothing: Is this Retail Company Focusing on Women's Apparel Worth Betting On? (IPO)

Jul 17, 2018

With topline growth of 50% CAGR over a period of four years, should you apply to this initial public offer?

More Views on News

Most Popular

Sorry Warren Buffett, I'm Following This Man Instead of You in 2020(The 5 Minute Wrapup)

Mar 30, 2020

This man warned of an impending market correction while everyone else was celebrating the renewed optimism in early 2020...

The Biggest Trading Opportunity of 2020 is Here...

Mar 26, 2020

India's #1 trader, Vijay Bhambwani, talks about a hugely profitable trading opportunity which you must know about today!

A Big Trading Opportunity is Coming Your Way Soon(Fast Profits Daily)

Mar 25, 2020

I see a big opportunity to make fast profits on the horizon.

Coronavirus Sell-off Is a Perfect Time to 'Lockdown' this 'Crorepati' Stock(Profit Hunter)

Mar 24, 2020

Coronavirus crisis and panic selling has brought this quality smallcap to multiyear lows, making it a great bargain.

One Stock that is All Charged Up for the Post Coronavirus Rebound(The 5 Minute Wrapup)

Apr 1, 2020

A stock with strong moat is currently trading near 5-year lows.

More

How to Trade the
Coronavirus Crash

Coronavirus Crash
Get this special report, authored by Equitymaster's top analysts, now.
We will never sell or rent your email id.
Please read our Terms

FUTURE ENTERPRISES SHARE PRICE


Apr 3, 2020 (Close)

TRACK FUTURE ENTERPRISES

  • Track your investment in FUTURE ENTERPRISES with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON FUTURE ENTERPRISES

FUTURE ENTERPRISES - WALMART COMPARISON

COMPARE FUTURE ENTERPRISES WITH

MARKET STATS