SINTEX IND. Announces Quarterly Results (3QFY19); Net Profit Up 22.1%

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SINTEX IND. Announces Quarterly Results (3QFY19); Net Profit Up 22.1%
Mon, 28 Jan

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

SINTEX IND. Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m8,4049,0728,329-8.2%-0.9%
Other incomeRs m372358216-39.7%-42.0%
TurnoverRs m8,7769,4298,545-9.4%-2.6%
ExpensesRs m7,8237,6067,040-7.4%-10.0%
Gross profitRs m5811,4661,289-12.1%121.8%
DepreciationRs m3445885910.4%71.7%
InterestRs m2715325513.6%103.3%
Profit before taxRs m338703363-48.4%7.3%
TaxRs m127224105-53.1%-17.3%
Profit after taxRs m211479258-46.2%22.1%
Gross profit margin%6.916.215.5
Effective tax rate%37.631.929.0
Net profit margin%2.45.13.0
* 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 fell 0.9% on a year-on-year (YoY) basis. The expenses were down by 10.0% YoY during the same period.
  • The company's operating profit increased by 121.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.5% in 3QFY19 as against 6.9% in 3QFY18.
  • Depreciation charges increased by 71.7% and finance costs increased by 103.3% YoY, respectively.
  • Other income declined by 42.0% YoY during the quarter.
  • Net profit for the quarter increased by 22.1% YoY. Net profit margins during the quarter increased from 2.4% in 3QFY18 to 3.0% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 8.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.4% QoQ during the same period.
  • The company's operating profit declined by 12.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.5% in 3QFY19 as against 16.2% in 2QFY18.
  • Net profit for the quarter declined by 46.2% QoQ, while net profit margins declined from 5.1% in 2QFY18 to 3.0% in 3QFY19.

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 23.6 to Rs 10.1, registering a Loss of Rs 13.6 or around 57.4%.

Overall, the S&P BSE SENSEX is down 0.5% over the year.

Current Valuations

At the current price of Rs 10.1, the price to earnings (P/E) ratio of SINTEX IND. stands at 2.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.1 times.

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