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FUTURE ENTERPRISES Announces Quarterly Results (3QFY19); Net Profit Down 98.7%

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FUTURE ENTERPRISES Announces Quarterly Results (3QFY19); Net Profit Down 98.7%
Fri, 22 Feb

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

FUTURE ENTERPRISES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m10,91412,13711,129-8.3%2.0%
Other incomeRs m1,2468775-13.6%-94.0%
TurnoverRs m12,16012,22411,204-8.3%-7.9%
ExpensesRs m8,1628,8197,807-11.5%-4.3%
Gross profitRs m2,7523,3183,3220.1%20.7%
DepreciationRs m1,7701,8981,9613.3%10.8%
InterestRs m1,4091,4111,4200.7%0.8%
Profit before taxRs m8199615-83.9%-98.1%
TaxRs m0265-81.5%0.0%
Profit after taxRs m8197011-84.8%-98.7%
Gross profit margin%25.227.329.9
Effective tax rate%0.027.131.2
Net profit margin%6.70.60.1
* 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 2.0% on a year-on-year (YoY) basis. The expenses were down by 4.3% YoY during the same period.
  • The company's operating profit increased by 20.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 29.9% in 3QFY19 as against 25.2% in 3QFY18.
  • Depreciation charges increased by 10.8% and finance costs increased by 0.8% YoY, respectively.
  • Other income declined by 94.0% YoY during the quarter.
  • Net profit for the quarter declined by 98.7% YoY. Net profit margins during the quarter declined from 6.7% in 3QFY18 to 0.1% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 8.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 11.5% QoQ during the same period.
  • The company's operating profit increased by 0.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 29.9% in 3QFY19 as against 27.3% in 2QFY18.
  • Net profit for the quarter declined by 84.8% QoQ, while net profit margins declined from 0.6% in 2QFY18 to 0.1% in 3QFY19.

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 41.6 to Rs 33.6, registering a Loss of Rs 8.0 or around 19.3%.

Overall, the S&P BSE SENSEX is up 6.0% over the year.

Current Valuations

At the current price of Rs 33.6, the price to book value (P/BV) ratio of FUTURE ENTERPRISES stands at 3.2 times.

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