SRF LTD Announces Quarterly Results (1QFY20); Net Profit Up 38.3%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

SRF LTD Announces Quarterly Results (1QFY20); Net Profit Up 38.3%
Wed, 7 Aug

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

SRF LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m17,41320,72018,284-11.8%5.0%
Other incomeRs m38165152-7.9%297.7%
TurnoverRs m17,45120,88618,437-11.7%5.6%
ExpensesRs m14,30016,84114,632-13.1%2.3%
Gross profitRs m3,1123,8793,653-5.8%17.4%
DepreciationRs m886971941-3.1%6.3%
InterestRs m443529518-2.1%17.0%
Profit before taxRs m1,8232,5452,346-7.8%28.7%
TaxRs m484636495-22.2%2.1%
Profit after taxRs m1,3381,9091,851-3.0%38.3%
Gross profit margin%17.918.720.0
Effective tax rate%26.625.021.1
Net profit margin%7.79.110.0
* 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 5.0% on a year-on-year (YoY) basis. The expenses were up by 2.3% YoY during the same period.
  • The company's operating profit increased by 17.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.0% in 1QFY20 as against 17.9% in 1QFY19.
  • Depreciation charges increased by 6.3% and finance costs increased by 17.0% YoY, respectively.
  • Other income increased by 297.7% YoY during the quarter.
  • Net profit for the quarter increased by 38.3% YoY. Net profit margins during the quarter increased from 7.7% in 1QFY19 to 10.0% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 11.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 13.1% QoQ during the same period.
  • The company's operating profit increased by 5.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.0% in 1QFY20 as against 18.7% in 4QFY19.
  • Net profit for the quarter declined by 3.0% QoQ, while net profit margins increased from 9.1% in 4QFY19 to 10.0% in 1QFY20.

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 1,829.1 to Rs 2,944.1, registering a Gain of Rs 1,115.1 or around 61.0%.

Overall, the S&P BSE SENSEX is down 1.8% over the year.

Current Valuations

At the current price of Rs 2,944.1, the price to earnings (P/E) ratio of SRF LTD stands at 28.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.6 times.

Equitymaster requests your view! Post a comment on "SRF LTD Announces Quarterly Results (1QFY20); Net Profit Up 38.3%". Click here!

  

Related Views on News

SRF LTD Announces Quarterly Results (4QFY20); Net Profit Up 1.7% (Quarterly Result Update)

Jun 5, 2020 | Updated on Jun 5, 2020

For the quarter ended March 2020, SRF LTD has posted a net profit of Rs 2 bn (up 1.7% YoY). Sales on the other hand came in at Rs 19 bn (down 10.3% YoY). Read on for a complete analysis of SRF LTD's quarterly results.

SRF LTD 2018-19 Annual Report Analysis (Annual Result Update)

Oct 18, 2019 | Updated on Oct 18, 2019

Here's an analysis of the annual report of SRF LTD for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of SRF LTD. Also includes updates on the valuation of SRF LTD.

SRF LTD Announces Quarterly Results (4QFY19); Net Profit Up 54.1% (Quarterly Result Update)

May 14, 2019 | Updated on May 14, 2019

For the quarter ended March 2019, SRF LTD has posted a net profit of Rs 2 bn (up 54.1% YoY). Sales on the other hand came in at Rs 21 bn (up 28.5% YoY). Read on for a complete analysis of SRF LTD's quarterly results.

More Views on News

Most Popular

Be Prepared to Profit from the Coming Crash in Oil Prices(Fast Profits Daily)

Jun 25, 2020

The stability in crude oil prices will not last much longer. Be ready to make fast profits when the time comes to short crude.

Tata Motors Tripled in 18 Months but You Can Do Even Better. Here's How...(Profit Hunter)

Jun 24, 2020

Rahul is ready for a repeat of his famous 2008 Tata Motors call.

The Triple Digit Return Opportunity in this Market

Jun 24, 2020

Rahul Shah on stocks with potentially triple digit returns.

This Ratio Says Smallcaps Are Your Best Bet to Ride the Post Covid Market Rebound(Profit Hunter)

Jun 23, 2020

Here's why I believe that post Covid rebound in smallcaps will be much sharper than largecaps.

More

India's #1 Trader
Reveals His Secrets

The Secret to Increasing Your Trading Profits Today
Get this Special Report, The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

SRF LTD SHARE PRICE


Jul 3, 2020 03:29 PM

TRACK SRF LTD

  • Track your investment in SRF LTD with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

COMPARE SRF LTD WITH

MARKET STATS