SINTEX INDUSTRIES Announces Quarterly Results (1QFY20); Net Profit Down 1191.0%

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SINTEX INDUSTRIES Announces Quarterly Results (1QFY20); Net Profit Down 1191.0%
Wed, 21 Aug

SINTEX INDUSTRIES has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

SINTEX INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m9,2535,9155,462-7.7%-41.0%
Other incomeRs m5309015066.9%-71.6%
TurnoverRs m9,7836,0065,612-6.5%-42.6%
ExpensesRs m8,1546,0067,58526.3%-7.0%
Gross profitRs m1,100-91-2,123-293.1%
DepreciationRs m53161570815.1%33.5%
InterestRs m4766971,669139.4%250.5%
Profit before taxRs m622-1,313-4,350-799.0%
TaxRs m231-400-83-135.7%
Profit after taxRs m391-913-4,268-1191.0%
Gross profit margin%11.9-1.5-38.9
Effective tax rate%37.130.51.9
Net profit margin%4.0-15.2-76.0
* 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 41.0% on a year-on-year (YoY) basis. The expenses were down by 7.0% YoY during the same period.
  • The company's operating profit declined by 293.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 38.9% in 1QFY20 as against 11.9% in 1QFY19.
  • Depreciation charges increased by 33.5% and finance costs increased by 250.5% YoY, respectively.
  • Other income declined by 71.6% YoY during the quarter.
  • Net profit for the quarter declined by 1191.0% YoY. Net profit margins during the quarter declined from 4.0% in 1QFY19 to -76.0% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 7.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 26.3% QoQ during the same period.
  • The company's operating profit declined by 2235.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 38.9% in 1QFY20 as against 1.5% in 4QFY19.
  • Net profit for the quarter declined by 367.7% QoQ, while net profit margins declined from -15.2% in 4QFY19 to -76.0% in 1QFY20.

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

SINTEX INDUSTRIES Share Price Performance

Over the last one year,SINTEX INDUSTRIES share price has moved down from Rs 14.4 to Rs 1.9, registering a Loss of Rs 12.5 or around 86.7%.

Overall, the S&P BSE SENSEX is down 2.5% over the year.

Current Valuations

At the current price of Rs 1.9, the price to book value (P/BV) ratio of SINTEX INDUSTRIES stands at 0.0 times.

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