PSL LTD Announces Quarterly Results (1QFY20); Net Profit Up 43.0%

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PSL LTD Announces Quarterly Results (1QFY20); Net Profit Up 43.0%
Fri, 16 Aug

PSL LTD has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

PSL LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m119161348116.6%193.6%
Other incomeRs m143715-60.5%2.1%
TurnoverRs m13319836383.5%173.0%
ExpensesRs m18318432174.6%75.7%
Gross profitRs m-64-2327
DepreciationRs m242242208-14.1%-14.1%
InterestRs m0000.0%0.0%
Profit before taxRs m-292-228-166
TaxRs m0000.0%0.0%
Profit after taxRs m-292-228-166
Gross profit margin%-54.3-14.67.7
Effective tax rate%0.00.00.0
Net profit margin%-219.7-115.4-45.8
* 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 193.6% on a year-on-year (YoY) basis. The expenses were up by 75.7% YoY during the same period.
  • The company's operating profit declined by 141.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 7.7% in 1QFY20 as against 54.3% in 1QFY19.
  • Depreciation charges declined by 14.1% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 2.1% YoY during the quarter.
  • Net profit for the quarter increased by 43.0% YoY. Net profit margins during the quarter increased from -219.7% in 1QFY19 to -45.8% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 116.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 74.6% QoQ during the same period.
  • The company's operating profit increased by 214.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 7.7% in 1QFY20 as against 14.6% in 4QFY19.
  • Net profit for the quarter increased by 27.1% QoQ, while net profit margins increased from -115.2% in 4QFY19 to -45.8% in 1QFY20.

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

PSL LTD Share Price Performance

Over the last one year,PSL LTD share price has moved down from Rs 2.1 to Rs 0.7, registering a Loss of Rs 1.4 or around 66.8%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 16,894.0 (down 0.3%). Over the last one year it has moved down from 17,750.1 to 16,894.0, a gain of 856 points (down 4.8%).

Overall, the S&P BSE SENSEX is down 2.0% over the year.

Current Valuations

At the current price of Rs 0.7, the price to book value (P/BV) ratio of PSL LTD stands at 0.0 times.

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