POKARNA Announces Quarterly Results (4QFY19); Net Profit Up 95.5%

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POKARNA Announces Quarterly Results (4QFY19); Net Profit Up 95.5%
Mon, 3 Jun

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

POKARNA Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m8871,1961,44721.0%63.1%
Other incomeRs m15131726.9%9.1%
TurnoverRs m9021,2091,46321.0%62.2%
ExpensesRs m65076394824.2%45.9%
Gross profitRs m23743249915.4%110.3%
DepreciationRs m49559876.3%98.4%
InterestRs m756358-8.6%-22.6%
Profit before taxRs m12932736010.1%179.8%
TaxRs m-7569569.5%
Profit after taxRs m135271265-2.2%95.5%
Gross profit margin%26.736.234.5
Effective tax rate%-5.317.226.5
Net profit margin%15.022.418.1
* 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 63.1% on a year-on-year (YoY) basis. The expenses were up by 45.9% YoY during the same period.
  • The company's operating profit increased by 110.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 34.5% in 4QFY19 as against 26.7% in 4QFY18.
  • Depreciation charges increased by 98.4% and finance costs declined by 22.6% YoY, respectively.
  • Other income increased by 9.1% YoY during the quarter.
  • Net profit for the quarter increased by 95.5% YoY. Net profit margins during the quarter increased from 15.0% in 4QFY18 to 18.1% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 21.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 24.2% QoQ during the same period.
  • The company's operating profit declined by 15.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 34.5% in 4QFY19 as against 36.2% in 3QFY18.
  • Net profit for the quarter declined by 2.2% QoQ, while net profit margins declined from 22.4% in 3QFY18 to 18.1% in 4QFY19.

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

POKARNA Share Price Performance

Over the last one year, POKARNA share price has moved up from Rs 162.4 to Rs 175.2, registering a Gain of Rs 12.8 or around 7.9%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 10,833.6 (up 0.7%). Over the last one year it has moved down from 13,506.0 to 10,833.6, a gain of 2,672 points (down 19.8%).

Overall, the S&P BSE SENSEX is up 13.1% over the year.

Current Valuations

At the current price of Rs 175.2, the price to earnings (P/E) ratio of POKARNA stands at 1.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

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Related Views on News

POKARNA Announces Quarterly Results (1QFY20); Net Profit Up 231.6% (Quarterly Result Update)

Aug 19, 2019 | Updated on Aug 19, 2019

For the quarter ended June 2019, POKARNA has posted a net profit of Rs 305 m (up 231.6% YoY). Sales on the other hand came in at Rs 1 bn (up 53.5% YoY). Read on for a complete analysis of POKARNA's quarterly results.

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