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PARAMOUNT COMM. Announces Quarterly Results (3QFY19); Net Profit Up 492.6%

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PARAMOUNT COMM. Announces Quarterly Results (3QFY19); Net Profit Up 492.6%
Mon, 4 Feb

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

PARAMOUNT COMM. Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m1,0481,4941,69613.5%61.8%
Other incomeRs m217929.3%-56.7%
TurnoverRs m1,0691,5011,70513.6%59.4%
ExpensesRs m1,0611,3921,57513.1%48.4%
Gross profitRs m-1310112018.9%
DepreciationRs m2421222.8%-9.6%
InterestRs m7131622.4%117.9%
Profit before taxRs m-23749223.9%
TaxRs m0000.0%0.0%
Profit after taxRs m-23749223.9%
Gross profit margin%-1.36.87.1
Effective tax rate%0.00.00.0
Net profit margin%-2.24.95.4
* 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 61.8% on a year-on-year (YoY) basis. The expenses were up by 48.4% YoY during the same period.
  • The company's operating profit declined by 1017.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 7.1% in 3QFY19 as against 1.3% in 3QFY18.
  • Depreciation charges declined by 9.6% and finance costs increased by 117.9% YoY, respectively.
  • Other income declined by 56.7% YoY during the quarter.
  • Net profit for the quarter increased by 492.6% YoY. Net profit margins during the quarter increased from -2.2% in 3QFY18 to 5.4% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 13.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 13.1% QoQ during the same period.
  • The company's operating profit increased by 18.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 7.1% in 3QFY19 as against 6.8% in 2QFY18.
  • Net profit for the quarter increased by 23.9% QoQ, while net profit margins increased from 4.9% in 2QFY18 to 5.4% in 3QFY19.

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

PARAMOUNT COMM. Share Price Performance

Over the last one year, PARAMOUNT COMM. share price has moved up from Rs 14.6 to Rs 11.8, registering a Loss of Rs 2.9 or around 19.6%.

Overall, the S&P BSE SENSEX is up 1.2% over the year.

Current Valuations

At the current price of Rs 11.8, the price to earnings (P/E) ratio of PARAMOUNT COMM. stands at 4.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at -6.5 times.

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Related Views on News

PARAMOUNT COMM. Announces Quarterly Results (4QFY19); Net Profit Down 9.2% (Quarterly Result Update)

May 7, 2019 | Updated on May 7, 2019

For the quarter ended March 2019, PARAMOUNT COMM. has posted a net profit of Rs 93 m (down 9.2% YoY). Sales on the other hand came in at Rs 2 bn (up 11.9% YoY). Read on for a complete analysis of PARAMOUNT COMM.'s quarterly results.

PARAMOUNT COMM. Announces Quarterly Results (2QFY19); Net Profit Up 215.3% (Quarterly Result Update)

Nov 12, 2018 | Updated on Nov 12, 2018

For the quarter ended September 2018, PARAMOUNT COMM. has posted a net profit of Rs 74 m (up 215.3% YoY). Sales on the other hand came in at Rs 1 bn (up 87.4% YoY). Read on for a complete analysis of PARAMOUNT COMM.'s quarterly results.

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