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SANGAM INDIA Announces Quarterly Results (2QFY19); Net Profit Up 2214.3%

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SANGAM INDIA Announces Quarterly Results (2QFY19); Net Profit Up 2214.3%
Tue, 27 Nov

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

SANGAM INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m3,7124,7354,709-0.5%26.9%
Other incomeRs m352716-39.9%-53.3%
TurnoverRs m3,7474,7624,725-0.8%26.1%
ExpensesRs m3,3844,3304,228-2.4%24.9%
Gross profitRs m32840548118.9%46.7%
DepreciationRs m1932002010.3%4.1%
InterestRs m161181159-12.3%-1.1%
Profit before taxRs m950137173.5%1392.4%
TaxRs m5840377.4%702.0%
Profit after taxRs m44297132.5%2214.3%
Gross profit margin%8.88.510.2
Effective tax rate%54.316.729.2
Net profit margin%0.10.92.1
* 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 26.9% on a year-on-year (YoY) basis. The expenses were up by 24.9% YoY during the same period.
  • The company's operating profit increased by 46.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.2% in 2QFY19 as against 8.8% in 2QFY18.
  • Depreciation charges increased by 4.1% and finance costs declined by 1.1% YoY, respectively.
  • Other income declined by 53.3% YoY during the quarter.
  • Net profit for the quarter increased by 2214.3% YoY. Net profit margins during the quarter increased from 0.1% in 2QFY18 to 2.1% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.4% QoQ during the same period.
  • The company's operating profit increased by 18.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.2% in 2QFY19 as against 8.5% in 1QFY18.
  • Net profit for the quarter increased by 132.5% QoQ, while net profit margins increased from 0.9% in 1QFY18 to 2.1% in 2QFY19.

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

SANGAM INDIA Share Price Performance

Over the last one year, SANGAM INDIA share price has moved up from Rs 208.7 to Rs 75.4, registering a Loss of Rs 133.3 or around 63.9%.

Overall, the S&P BSE SENSEX is up 5.1% over the year.

Current Valuations

At the current price of Rs 75.4, the price to earnings (P/E) ratio of SANGAM INDIA stands at 7.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

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SANGAM INDIA Announces Quarterly Results (3QFY19); Net Profit Down 95.7% (Quarterly Result Update)

Feb 25, 2019 | Updated on Feb 25, 2019

For the quarter ended December 2018, SANGAM INDIA has posted a net profit of Rs 2 m (down 95.7% YoY). Sales on the other hand came in at Rs 4 bn (up 5.7% YoY). Read on for a complete analysis of SANGAM INDIA's quarterly results.

SANGAM INDIA 2017-18 Annual Report Analysis (Annual Result Update)

Dec 18, 2018 | Updated on Dec 18, 2018

Here's an analysis of the annual report of SANGAM INDIA for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of SANGAM INDIA. Also includes updates on the valuation of SANGAM INDIA.

SANGAM INDIA Announces Quarterly Results (1QFY19); Net Profit Up 242.6% (Quarterly Result Update)

Aug 13, 2018 | Updated on Aug 13, 2018

For the quarter ended June 2018, SANGAM INDIA has posted a net profit of Rs 42 m (up 242.6% YoY). Sales on the other hand came in at Rs 5 bn (up 9.6% YoY). Read on for a complete analysis of SANGAM INDIA's quarterly results.

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