X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
SRF LTD Announces Quarterly Results (2QFY19); Net Profit Up 47.1%

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 (2QFY19); Net Profit Up 47.1%
Mon, 5 Nov

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

SRF LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m12,86417,41319,15410.0%48.9%
Other incomeRs m15238146279.9%-4.3%
TurnoverRs m13,01617,45119,29910.6%48.3%
ExpensesRs m10,75414,30016,00611.9%48.8%
Gross profitRs m2,1103,1123,1481.2%49.2%
DepreciationRs m768886880-0.6%14.5%
InterestRs m30544350013.0%64.1%
Profit before taxRs m1,1891,8231,9145.0%60.9%
TaxRs m162484402-17.1%148.5%
Profit after taxRs m1,0281,3381,51213.0%47.1%
Gross profit margin%16.417.916.4
Effective tax rate%13.626.621.0
Net profit margin%7.97.77.8
* 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 48.9% on a year-on-year (YoY) basis. The expenses were up by 48.8% YoY during the same period.
  • The company's operating profit increased by 49.2% YoY during the quarter. Consequently, operating profit margins remained same and stood at 16.4% in 2QFY19.
  • Depreciation charges increased by 14.5% and finance costs increased by 64.1% YoY, respectively.
  • Other income declined by 4.3% YoY during the quarter.
  • Net profit for the quarter increased by 47.1% YoY. Net profit margins during the quarter declined from 7.9% in 2QFY18 to 7.8% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 10.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 11.9% QoQ during the same period.
  • The company's operating profit declined by 1.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.4% in 2QFY19 as against 17.9% in 1QFY18.
  • Net profit for the quarter increased by 13.0% QoQ, while net profit margins increased from 7.7% in 1QFY18 to 7.8% in 2QFY19.

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 1,710.5 to Rs 1,992.0, registering a Gain of Rs 281.5 or around 16.5%.

Overall, the S&P BSE SENSEX is up 4.2% over the year.

Current Valuations

At the current price of Rs 1,992.0, the price to earnings (P/E) ratio of SRF LTD stands at 25.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.8 times.

Equitymaster requests your view! Post a comment on "SRF LTD Announces Quarterly Results (2QFY19); Net Profit Up 47.1%". Click here!

  

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 (1QFY19); Net Profit Up 28.9% (Quarterly Result Update)

Aug 10, 2018 | Updated on Aug 10, 2018

For the quarter ended June 2018, SRF LTD has posted a net profit of Rs 1 bn (up 28.9% YoY). Sales on the other hand came in at Rs 17 bn (up 25.4% YoY). Read on for a complete analysis of SRF LTD's quarterly results.

More Views on News

Most Popular

The One Real Estate Stock to Buy Now(The 5 Minute Wrapup)

Feb 13, 2019

The real estate sector is ready to make a comeback. This is the stock to consider buying.

Don't Be Afraid of the Market; Buy Stocks Like This One(The 5 Minute Wrapup)

Feb 14, 2019

During this tough period in the market, a contrarian approach holds huge potential upside for this Smart Money Secrets stock.

Small Caps Under Seige: Could This Be A Once-in-a-Decade Wealth Creating Opportunity?(Profit Hunter)

Feb 14, 2019

Don't let the dark clouds hovering over small caps scare you into hiding; it will rain gold as sentiments recover. Indeed, there is a blood bath. And if you are a first time investor, the correction is deep enough to scare you out of markets.

The 4-Point Plan to Accelerate India to a 10 Trillion Dollar Economy(The 5 Minute Wrapup)

Feb 12, 2019

Two questions I have been eagerly waiting to ask you ever since Budget 2019 was announced.

The Train to 'Small-Cap-Profits Land' is Back on the Station!(Profit Hunter)

Feb 15, 2019

Why its great news that prices for small caps over the last few days have been falling like there's no tomorrow.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

SRF LTD SHARE PRICE


Feb 22, 2019 (Close)

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