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

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SANGAM INDIA Announces Quarterly Results (3QFY19); Net Profit Down 95.7%
Mon, 25 Feb

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

SANGAM INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m4,1654,7094,404-6.5%5.7%
Other incomeRs m671616-3.7%-76.5%
TurnoverRs m4,2324,7254,419-6.5%4.4%
ExpensesRs m3,8614,2284,081-3.5%5.7%
Gross profitRs m304481323-32.8%6.3%
DepreciationRs m1952012041.3%4.5%
InterestRs m129159123-22.7%-4.9%
Profit before taxRs m4713712-91.0%-73.9%
TaxRs m104011-73.3%11.5%
Profit after taxRs m38972-98.4%-95.7%
Gross profit margin%7.310.27.3
Effective tax rate%20.329.287.0
Net profit margin%0.92.10.0
* 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 5.7% on a year-on-year (YoY) basis. The expenses were up by 5.7% YoY during the same period.
  • The company's operating profit increased by 6.3% YoY during the quarter. Consequently, operating profit margins remained same and stood at 7.3% in 3QFY19.
  • Depreciation charges increased by 4.5% and finance costs declined by 4.9% YoY, respectively.
  • Other income declined by 76.5% YoY during the quarter.
  • Net profit for the quarter declined by 95.7% YoY. Net profit margins during the quarter declined from 0.9% in 3QFY18 to 0.0% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 6.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 3.5% QoQ during the same period.
  • The company's operating profit declined by 32.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.3% in 3QFY19 as against 10.2% in 2QFY18.
  • Net profit for the quarter declined by 98.4% QoQ, while net profit margins declined from 2.1% in 2QFY18 to 0.0% in 3QFY19.

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 142.6 to Rs 61.0, registering a Loss of Rs 81.6 or around 57.2%.

Overall, the S&P BSE SENSEX is up 6.3% over the year.

Current Valuations

At the current price of Rs 61.0, the price to earnings (P/E) ratio of SANGAM INDIA stands at 6.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.5 times.

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Related Views on News

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 (2QFY19); Net Profit Up 2214.3% (Quarterly Result Update)

Nov 27, 2018 | Updated on Nov 27, 2018

For the quarter ended September 2018, SANGAM INDIA has posted a net profit of Rs 97 m (up 2214.3% YoY). Sales on the other hand came in at Rs 5 bn (up 26.9% YoY). Read on for a complete analysis of SANGAM INDIA's quarterly results.

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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