PRAKASH INDUSTRIES Announces Quarterly Results (1QFY19); Net Profit Up 183.9%

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PRAKASH INDUSTRIES Announces Quarterly Results (1QFY19); Net Profit Up 183.9%
Thu, 26 Jul

PRAKASH INDUSTRIES has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

PRAKASH INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m7,2239,1059,8548.2%36.4%
Other incomeRs m136516-74.8%27.1%
TurnoverRs m7,2369,1709,8717.6%36.4%
ExpensesRs m6,1427,0667,4525.5%21.3%
Gross profitRs m1,0812,0382,40317.9%122.3%
DepreciationRs m2713073369.5%24.0%
InterestRs m206255212-16.6%3.2%
Profit before taxRs m6171,5421,87121.3%203.1%
TaxRs m2321184780.9%693.5%
Profit after taxRs m5941,5211,68710.9%183.9%
Gross profit margin%15.022.424.4
Effective tax rate%3.81.49.8
Net profit margin%8.216.617.1
* 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 36.4% on a year-on-year (YoY) basis. The expenses were up by 21.3% YoY during the same period.
  • The company's operating profit increased by 122.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 24.4% in 1QFY19 as against 15.0% in 1QFY18.
  • Depreciation charges and finance costs increased by 24.0% YoY and 3.2% YoY, respectively.
  • Other income increased by 27.1% YoY during the quarter.
  • Net profit for the quarter increased by 183.9% YoY. Net profit margins during the quarter increased from 8.2% in 1QFY18 to 17.1% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 8.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.5% QoQ during the same period.
  • The company's operating profit increased by 17.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 24.4% in 1QFY19 as against 22.4% in 4QFY18.
  • Net profit for the quarter increased by 10.9% QoQ, while net profit margins increased from 16.6% in 4QFY18 to 17.1% in 1QFY19.

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

PRAKASH INDUSTRIES Share Price Performance

Over the last one year, PRAKASH INDUSTRIES share price has moved up from Rs 138.9 to Rs 135.5, registering a Loss of Rs 3.4 or around 2.4%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 20,351.9 (up 0.2%). Over the last one year it has moved up from 16,249.6 to 20,351.9, a gain of 4,102 points (up 25.2%).

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 135.5, the price to earnings (P/E) ratio of PRAKASH INDUSTRIES stands at 3.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.7 times.

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