ROLTA INDIA Announces Quarterly Results (2QFY19); Net Profit Down 356.3%

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ROLTA INDIA Announces Quarterly Results (2QFY19); Net Profit Down 356.3%
Wed, 14 Nov

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

ROLTA INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m7,4886,3656,264-1.6%-16.3%
Other incomeRs m1142621-19.8%-81.8%
TurnoverRs m7,6026,3916,285-1.7%-17.3%
ExpensesRs m5,1184,5264,6873.5%-8.4%
Gross profitRs m2,3701,8391,578-14.2%-33.4%
DepreciationRs m6666366370.1%-4.4%
InterestRs m1,5381,5871,7097.7%11.1%
Profit before taxRs m280-358-747-366.8%
TaxRs m539-166-1919.8%-411.9%
Profit after taxRs m227-367-581-356.3%
Gross profit margin%31.728.925.2
Effective tax rate%19.0-2.522.2
Net profit margin%3.0-5.7-9.2
* 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 16.3% on a year-on-year (YoY) basis. The expenses were down by 8.4% YoY during the same period.
  • The company's operating profit declined by 33.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 25.2% in 2QFY19 as against 31.7% in 2QFY18.
  • Depreciation charges declined by 4.4% and finance costs increased by 11.1% YoY, respectively.
  • Other income declined by 81.8% YoY during the quarter.
  • Net profit for the quarter declined by 356.3% YoY. Net profit margins during the quarter declined from 3.0% in 2QFY18 to -9.2% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.5% QoQ during the same period.
  • The company's operating profit declined by 14.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 25.2% in 2QFY19 as against 28.9% in 1QFY18.
  • Net profit for the quarter declined by 58.4% QoQ, while net profit margins declined from -5.7% in 1QFY18 to -9.2% in 2QFY19.

To see how ROLTA INDIA has performed over the last eight quarters, please visit here.

ROLTA INDIA Share Price Performance

Over the last one year, ROLTA INDIA share price has moved up from Rs 55.6 to Rs 15.1, registering a Loss of Rs 40.5 or around 72.8%.

Meanwhile, the S&P BSE IT Index is trading at Rs 13,895.6 (down 2.9%). Over the last one year it has moved up from 10,690.8 to 13,895.6, a gain of 3,205 points (up 30.0%).

Overall, the S&P BSE SENSEX is up 6.5% over the year.

Current Valuations

At the current price of Rs 15.1, the price to book value (P/BV) ratio of ROLTA INDIA stands at 0.1 times.

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