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SRF LTD Announces Quarterly Results (1QFY19); Net Profit Up 28.9%

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SRF LTD Announces Quarterly Results (1QFY19); Net Profit Up 28.9%
Fri, 10 Aug

SRF LTD has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

SRF LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m13,88416,12317,4138.0%25.4%
Other incomeRs m20313038-70.6%-81.2%
TurnoverRs m14,08716,25317,4517.4%23.9%
ExpensesRs m11,79313,33214,3007.3%21.3%
Gross profitRs m2,0912,7903,11211.5%48.8%
DepreciationRs m7588618862.8%16.8%
InterestRs m2714254434.1%63.6%
Profit before taxRs m1,2661,6341,82311.5%44.0%
TaxRs m22839548422.5%112.5%
Profit after taxRs m1,0381,2391,3388.0%28.9%
Gross profit margin%15.117.317.9
Effective tax rate%18.024.226.6
Net profit margin%7.47.67.7
* 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 25.4% on a year-on-year (YoY) basis. The expenses were up by 21.3% YoY during the same period.
  • The company's operating profit increased by 48.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.9% in 1QFY19 as against 15.1% in 1QFY18.
  • Depreciation charges and finance costs increased by 16.8% YoY and 63.6% YoY, respectively.
  • Other income declined by 81.2% YoY during the quarter.
  • Net profit for the quarter increased by 28.9% YoY. Net profit margins during the quarter increased from 7.4% in 1QFY18 to 7.7% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 8.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.3% QoQ during the same period.
  • The company's operating profit increased by 11.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.9% in 1QFY19 as against 17.3% in 4QFY18.
  • Net profit for the quarter increased by 8.0% QoQ, while net profit margins increased from 7.6% in 4QFY18 to 7.7% in 1QFY19.

To see how SRF LTD has performed over the last eight quarters, please visit here.

SRF LTD Share Price Performance

Over the last one year, SRF LTD share price has moved up from Rs 1,476.2 to Rs 1,911.5, registering a Gain of Rs 435.3 or around 29.5%.

Overall, the S&P BSE SENSEX is up 19.1% over the year.

Current Valuations

At the current price of Rs 1,911.5, the price to earnings (P/E) ratio of SRF LTD stands at 26.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.6 times.

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Related Views on News

SRF LTD Announces Quarterly Results (3QFY19); Net Profit Up 26.3% (Quarterly Result Update)

Feb 13, 2019 | Updated on Feb 13, 2019

For the quarter ended December 2018, SRF LTD has posted a net profit of Rs 2 bn (up 26.3% YoY). Sales on the other hand came in at Rs 20 bn (up 40.6% YoY). Read on for a complete analysis of SRF LTD's quarterly results.

SRF LTD Announces Quarterly Results (2QFY19); Net Profit Up 47.1% (Quarterly Result Update)

Nov 5, 2018 | Updated on Nov 5, 2018

For the quarter ended September 2018, SRF LTD has posted a net profit of Rs 2 bn (up 47.1% YoY). Sales on the other hand came in at Rs 19 bn (up 48.9% YoY). Read on for a complete analysis of SRF LTD's quarterly results.

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