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

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FUTURE ENTERPRISES Announces Quarterly Results (4QFY19); Net Profit Up 199.1%
Mon, 3 Jun

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

FUTURE ENTERPRISES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m9,41411,12912,2119.7%29.7%
Other incomeRs m1177551-32.5%-56.8%
TurnoverRs m9,53111,20412,2619.4%28.7%
ExpensesRs m6,8457,8078,4398.1%23.3%
Gross profitRs m2,5693,3223,77113.5%46.8%
DepreciationRs m1,7981,9611,9901.5%10.6%
InterestRs m1,4191,4201,4804.2%4.2%
Profit before taxRs m-532153522188.3%
TaxRs m-655-111-2410.4%
Profit after taxRs m-467114634270.8%
Gross profit margin%27.329.930.9
Effective tax rate%12.131.2-31.5
Net profit margin%-4.90.13.8
* 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 29.7% on a year-on-year (YoY) basis. The expenses were up by 23.3% YoY during the same period.
  • The company's operating profit increased by 46.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 30.9% in 4QFY19 as against 27.3% in 4QFY18.
  • Depreciation charges increased by 10.6% and finance costs increased by 4.2% YoY, respectively.
  • Other income declined by 56.8% YoY during the quarter.
  • Net profit for the quarter increased by 199.1% YoY. Net profit margins during the quarter increased from -4.9% in 4QFY18 to 3.8% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 9.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 8.1% QoQ during the same period.
  • The company's operating profit increased by 13.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 30.9% in 4QFY19 as against 29.9% in 3QFY18.
  • Net profit for the quarter increased by 4270.8% QoQ, while net profit margins increased from 0.1% in 3QFY18 to 3.8% in 4QFY19.

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 38.7 to Rs 35.3, registering a Loss of Rs 3.5 or around 8.9%.

Overall, the S&P BSE SENSEX is up 13.3% over the year.

Current Valuations

At the current price of Rs 35.3, the price to earnings (P/E) ratio of FUTURE ENTERPRISES stands at 455.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.7 times.

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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.

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