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

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Markets will remain closed on 21st April, 2021 on account of Ram Navami.

PARAMOUNT COMM. Announces Quarterly Results (4QFY19); Net Profit Down 9.2%
Tue, 7 May

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

PARAMOUNT COMM. Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m1,6461,6961,8438.7%11.9%
Other incomeRs m298-9.9%339.4%
TurnoverRs m1,6481,7051,8518.6%12.3%
ExpensesRs m1,5471,5751,7048.1%10.1%
Gross profitRs m14212013915.6%-1.9%
DepreciationRs m2422223.9%-6.7%
InterestRs m17163193.5%89.2%
Profit before taxRs m10392932.0%-9.2%
TaxRs m0000.0%0.0%
Profit after taxRs m10392932.0%-9.2%
Gross profit margin%8.67.17.5
Effective tax rate%0.00.00.0
Net profit margin%6.25.45.0
* 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 11.9% on a year-on-year (YoY) basis. The expenses were up by 10.1% YoY during the same period.
  • The company's operating profit declined by 1.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.5% in 4QFY19 as against 8.6% in 4QFY18.
  • Depreciation charges declined by 6.7% and finance costs increased by 89.2% YoY, respectively.
  • Other income increased by 339.4% YoY during the quarter.
  • Net profit for the quarter declined by 9.2% YoY. Net profit margins during the quarter declined from 6.2% in 4QFY18 to 5.0% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 8.7% 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 15.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 7.5% in 4QFY19 as against 7.1% in 3QFY18.
  • Net profit for the quarter increased by 2.0% QoQ, while net profit margins declined from 5.4% in 3QFY18 to 5.0% in 4QFY19.

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 14.7 to Rs 12.6, registering a Loss of Rs 2.1 or around 14.2%.

Overall, the S&P BSE SENSEX is up 9.8% over the year.

Current Valuations

At the current price of Rs 12.6, the price to earnings (P/E) ratio of PARAMOUNT COMM. stands at 5.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.8 times.

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