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SRF LTD Announces Quarterly Results (2QFY19); Net Profit Up 47.1%

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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.

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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.

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