SINTEX IND. Announces Quarterly Results (2QFY19); Net Profit Up 69.7%

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SINTEX IND. Announces Quarterly Results (2QFY19); Net Profit Up 69.7%
Tue, 6 Nov

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

SINTEX IND. Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m7,2759,2539,072-2.0%24.7%
Other incomeRs m318530358-32.5%12.6%
TurnoverRs m7,5929,7839,429-3.6%24.2%
ExpensesRs m6,6688,1547,606-6.7%14.1%
Gross profitRs m6071,1001,46633.3%141.6%
DepreciationRs m34353158810.9%71.5%
InterestRs m24047653211.7%122.1%
Profit before taxRs m34262270313.0%105.7%
TaxRs m59231224-3.1%277.3%
Profit after taxRs m28239147922.5%69.7%
Gross profit margin%8.311.916.2
Effective tax rate%17.437.131.9
Net profit margin%3.74.05.1
* 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 24.7% on a year-on-year (YoY) basis. The expenses were up by 14.1% YoY during the same period.
  • The company's operating profit increased by 141.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.2% in 2QFY19 as against 8.3% in 2QFY18.
  • Depreciation charges increased by 71.5% and finance costs increased by 122.1% YoY, respectively.
  • Other income increased by 12.6% YoY during the quarter.
  • Net profit for the quarter increased by 69.7% YoY. Net profit margins during the quarter increased from 3.7% in 2QFY18 to 5.1% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.7% QoQ during the same period.
  • The company's operating profit increased by 33.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.2% in 2QFY19 as against 11.9% in 1QFY18.
  • Net profit for the quarter increased by 22.5% QoQ, while net profit margins increased from 4.0% in 1QFY18 to 5.1% in 2QFY19.

To see how SINTEX IND. has performed over the last eight quarters, please visit here.

SINTEX IND. Share Price Performance

Over the last one year, SINTEX IND. share price has moved up from Rs 26.1 to Rs 12.8, registering a Loss of Rs 13.3 or around 51.0%.

Overall, the S&P BSE SENSEX is up 4.1% over the year.

Current Valuations

At the current price of Rs 12.8, the price to earnings (P/E) ratio of SINTEX IND. stands at 3.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.1 times.

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