ROLTA INDIA Announces Quarterly Results (4QFY19); Net Profit Down 1009.3%

Mon, 10 Jun

ROLTA INDIA has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

ROLTA INDIA Quarterly Financials

No. of Mths Qtr. Ending		3 Mar-18*	3 Dec-18*	3 Mar-19*	QoQ Change	YoY Change
Net Sales	Rs m	6,179	5,093	3,890	-23.6%	-37.0%
Other income	Rs m	97	17	44	158.2%	-54.5%
Turnover	Rs m	6,276	5,110	3,934	-23.0%	-37.3%
Expenses	Rs m	5,347	5,566	6,076	9.2%	13.6%
Gross profit	Rs m	833	-10,474	-30,493		-3762.8%
Depreciation	Rs m	691	630	629	-0.3%	-9.0%
Interest	Rs m	1,591	1,707	3,463	102.8%	117.7%
Profit before tax	Rs m	-1,353	-12,794	-34,540
Tax	Rs m	900	-2,163	-9,546		-1160.4%
Profit after tax	Rs m	-2,253	-10,632	-24,994
Gross profit margin	%	13.5	-205.6	-783.8
Effective tax rate	%	-66.5	16.9	27.6
Net profit margin	%	-35.9	-208.1	-635.3

Year-on-Year Performance:

• The company's operating income during the quarter fell 37.0% on a year-on-year (YoY) basis. The expenses were up by 13.6% YoY during the same period.
• The company's operating profit declined by 3762.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 783.8% in 4QFY19 as against 13.5% in 4QFY18.
• Depreciation charges declined by 9.0% and finance costs increased by 117.7% YoY, respectively.
• Other income declined by 54.5% YoY during the quarter.
• Net profit for the quarter declined by 1009.3% YoY. Net profit margins during the quarter declined from -35.9% in 4QFY18 to -635.3% in 4QFY19.

Quarter-on-Quarter Performance:

• The company's operating income during the quarter fell 23.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 9.2% QoQ during the same period.
• The company's operating profit declined by 191.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 783.8% in 4QFY19 as against 205.6% in 3QFY18.
• Net profit for the quarter declined by 135.1% QoQ, while net profit margins declined from -208.1% in 3QFY18 to -635.3% in 4QFY19.

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 38.3 to Rs 6.0, registering a Loss of Rs 32.3 or around 84.3%.

Meanwhile, the S&P BSE IT Index is trading at Rs 16,017.4 (up 1.8%). Over the last one year it has moved up from 13,556.5 to 16,017.4, a gain of 2,461 points (up 18.2%).

Overall, the S&P BSE SENSEX is up 12.6% over the year.

Current Valuations

At the current price of Rs 6.0, the price to book value (P/BV) ratio of ROLTA INDIA stands at 0.0 times.