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 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.

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.

More Views on News

Most Popular

If I Were to Recommend One Stock Amid Coronavirus Outbreak, This Would be It.(Profit Hunter)

Mar 19, 2020

Coronavirus outbreak has made no impact on the long term prospects of my favourite smallcap. What it has indeed done is brought the company below my buy price, making it even more attractive investment at current price.

Sorry Warren Buffett, I'm Following This Man Instead of You in 2020(The 5 Minute Wrapup)

Mar 30, 2020

This man warned of an impending market correction while everyone else was celebrating the renewed optimism in early 2020...

Why India Will Be the Biggest Winner in a Post-Coronavirus World(The 5 Minute Wrapup)

Mar 19, 2020

The way businesses operate will change in a major way post the coronavirus impact. Here's why India stands to benefit from this change...

A Big Trading Opportunity is Coming Your Way Soon(Fast Profits Daily)

Mar 25, 2020

I see a big opportunity to make fast profits on the horizon.

Coronavirus Sell-off Is a Perfect Time to 'Lockdown' this 'Crorepati' Stock(Profit Hunter)

Mar 24, 2020

Coronavirus crisis and panic selling has brought this quality smallcap to multiyear lows, making it a great bargain.

More

How to Trade the
Coronavirus Crash

Coronavirus Crash
Get this special report, authored by Equitymaster's top analysts, now.
We will never sell or rent your email id.
Please read our Terms

SRF LTD SHARE PRICE


Apr 1, 2020 03:35 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

SRF LTD - CENTURY TEXTILES COMPARISON

COMPARE SRF LTD WITH

MARKET STATS