PSL LTD Announces Quarterly Results (2QFY19); Net Profit Up 49.3%

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PSL LTD Announces Quarterly Results (2QFY19); Net Profit Up 49.3%
Fri, 23 Nov

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

PSL LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m8511923699.2%177.4%
Other incomeRs m10142895.1%184.7%
TurnoverRs m9513326498.8%178.2%
ExpensesRs m22118322824.8%3.4%
Gross profitRs m-136-648
DepreciationRs m2802422420.0%-13.7%
InterestRs m0000.0%0.0%
Profit before taxRs m-406-292-206
TaxRs m0000.0%0.0%
Profit after taxRs m-406-292-206
Gross profit margin%-159.3-54.33.4
Effective tax rate%0.00.00.0
Net profit margin%-427.7-219.7-77.9
* 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 177.4% on a year-on-year (YoY) basis. The expenses were up by 3.4% YoY during the same period.
  • The company's operating profit declined by 105.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 3.4% in 2QFY19 as against 159.3% in 2QFY18.
  • Depreciation charges declined by 13.7% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 184.7% YoY during the quarter.
  • Net profit for the quarter increased by 49.3% YoY. Net profit margins during the quarter increased from -427.7% in 2QFY18 to -77.9% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 99.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 24.8% QoQ during the same period.
  • The company's operating profit increased by 112.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 3.4% in 2QFY19 as against 54.3% in 1QFY18.
  • Net profit for the quarter increased by 29.5% QoQ, while net profit margins increased from -219.5% in 1QFY18 to -77.9% in 2QFY19.

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 up from Rs 3.7 to Rs 1.5, registering a Loss of Rs 2.3 or around 60.8%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,431.2 (up 0.1%). Over the last one year it has moved up from 18,415.8 to 18,431.2, a gain of 15 points (up 0.1%).

Overall, the S&P BSE SENSEX is up 4.2% over the year.

Current Valuations

At the current price of Rs 1.5, the price to book value (P/BV) ratio of PSL LTD stands at 0.0 times.

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For the quarter ended June 2019, PSL LTD has posted a net profit of Rs 166 m (up 43.0% YoY). Sales on the other hand came in at Rs 348 m (up 193.6% YoY). Read on for a complete analysis of PSL LTD's quarterly results.

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