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 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 (1QFY20); Net Profit Up 38.3% (Quarterly Result Update)

Aug 7, 2019 | Updated on Aug 7, 2019

For the quarter ended June 2019, SRF LTD has posted a net profit of Rs 2 bn (up 38.3% YoY). Sales on the other hand came in at Rs 18 bn (up 5.0% YoY). Read on for a complete analysis of SRF LTD's quarterly results.

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

Could this Smallcap Be the Next Page Industries?(Profit Hunter)

Nov 27, 2019

A single stock - Coca Cola, made Buffett billions. Here's your chance to break into the crorepati club with a single smallcap stock investment.

How We Made 12.68% in One Overnight Trade(The 5 Minute Wrapup)

Nov 25, 2019

This one trade had my subscribers laughing all the way to the bank.

Growth Stocks or Value Stocks... What Will Make You More Money in this Bull Market?(Profit Hunter)

Nov 28, 2019

Should you invest in growth stocks or value stocks to make strong returns in this market?

Two Trends to Look at as Sensex Crosses 41,000 Levels(Views On News)

Nov 26, 2019

The two trends that are playing out as Sensex touches new record high.

The Best Trading Strategy for Fast Profits

Nov 29, 2019

Vijay and I have decided to team up and bring you a unique offering never seen before in the Indian stock markets.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2020
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


Dec 6, 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

SRF LTD - DELTA CORP. COMPARISON

COMPARE SRF LTD WITH

MARKET STATS