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

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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.

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