ROLTA INDIA Announces Quarterly Results (3QFY19); Net Profit Down 8335.2%

Fri, 15 Feb

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

ROLTA INDIA Quarterly Financials

No. of Mths Qtr. Ending		3 Dec-17*	3 Sep-18*	3 Dec-18*	QoQ Change	YoY Change
Net Sales	Rs m	7,702	6,264	5,093	-18.7%	-33.9%
Other income	Rs m	35	21	17	-17.9%	-51.3%
Turnover	Rs m	7,737	6,285	5,110	-18.7%	-34.0%
Expenses	Rs m	5,138	4,687	5,566	18.8%	8.3%
Gross profit	Rs m	2,564	1,578	-10,474	-763.8%	-508.5%
Depreciation	Rs m	668	637	630	-1.0%	-5.6%
Interest	Rs m	1,599	1,709	1,707	-0.1%	6.8%
Profit before tax	Rs m	332	-747	-12,794		-3958.3%
Tax	Rs m	203	-166	-2,163		-1167.9%
Profit after tax	Rs m	129	-581	-10,632		-8335.2%
Gross profit margin	%	33.3	25.2	-205.6
Effective tax rate	%	61.1	22.2	16.9
Net profit margin	%	1.7	-9.2	-208.1

Year-on-Year Performance:

• The company's operating income during the quarter fell 33.9% on a year-on-year (YoY) basis. The expenses were up by 8.3% YoY during the same period.
• The company's operating profit declined by 508.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 205.6% in 3QFY19 as against 33.3% in 3QFY18.
• Depreciation charges declined by 5.6% and finance costs increased by 6.8% YoY, respectively.
• Other income declined by 51.3% YoY during the quarter.
• Net profit for the quarter declined by 8335.2% YoY. Net profit margins during the quarter declined from 1.7% in 3QFY18 to -208.1% in 3QFY19.

Quarter-on-Quarter Performance:

• The company's operating income during the quarter fell 18.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 18.8% QoQ during the same period.
• The company's operating profit declined by 763.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 205.6% in 3QFY19 as against 25.2% in 2QFY18.
• Net profit for the quarter declined by 1729.0% QoQ, while net profit margins declined from -9.2% in 2QFY18 to -208.1% in 3QFY19.

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 71.0 to Rs 4.6, registering a Loss of Rs 66.4 or around 93.5%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,322.6 (down 0.6%). Over the last one year it has moved up from 12,090.4 to 15,322.6, a gain of 3,232 points (up 26.7%).

Overall, the S&P BSE SENSEX is up 4.4% over the year.

Current Valuations

At the current price of Rs 4.6, the price to book value (P/BV) ratio of ROLTA INDIA stands at 0.0 times.