PROVOGUE (I) LTD Announces Quarterly Results (2QFY19); Net Profit Up 72.9%

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PROVOGUE (I) LTD Announces Quarterly Results (2QFY19); Net Profit Up 72.9%
Tue, 27 Nov

PROVOGUE (I) LTD has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

PROVOGUE (I) LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m244211107-49.4%-56.3%
Other incomeRs m1621-40.1%-92.7%
TurnoverRs m261213108-49.3%-58.6%
ExpensesRs m62920295-52.8%-84.8%
Gross profitRs m-3849-30-447.2%
DepreciationRs m1121-20.5%-87.2%
InterestRs m731907549.6%23.0%
Profit before taxRs m-4528-119-1674.8%
TaxRs m2-1464.4%
Profit after taxRs m-4549-123-1517.9%
Gross profit margin%-157.14.0-27.8
Effective tax rate%-0.5-14.5-3.1
Net profit margin%-174.04.1-114.0
* 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 fell 56.3% on a year-on-year (YoY) basis. The expenses were down by 84.8% YoY during the same period.
  • The company's operating profit declined by 92.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 27.8% in 2QFY19 as against 157.1% in 2QFY18.
  • Depreciation charges declined by 87.2% and finance costs increased by 23.0% YoY, respectively.
  • Other income declined by 92.7% YoY during the quarter.
  • Net profit for the quarter increased by 72.9% YoY. Net profit margins during the quarter increased from -174.0% in 2QFY18 to -114.0% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 49.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 52.8% QoQ during the same period.
  • The company's operating profit declined by 447.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 27.8% in 2QFY19 as against 4.0% in 1QFY18.
  • Net profit for the quarter declined by 1517.9% QoQ, while net profit margins declined from 4.2% in 1QFY18 to -114.0% in 2QFY19.

To see how PROVOGUE (I) LTD has performed over the last eight quarters, please visit here.

PROVOGUE (I) LTD Share Price Performance

Over the last one year, PROVOGUE (I) LTD share price has moved up from Rs 6.9 to Rs 3.0, registering a Loss of Rs 3.9 or around 56.6%.

Overall, the S&P BSE SENSEX is up 5.0% over the year.

Current Valuations

At the current price of Rs 3.0, the price to book value (P/BV) ratio of PROVOGUE (I) LTD stands at 0.1 times.

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