SRF LTD Announces Quarterly Results (4QFY19); Net Profit Up 54.1%

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SRF LTD Announces Quarterly Results (4QFY19); Net Profit Up 54.1%
Tue, 14 May

SRF LTD has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

SRF LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m16,12319,64020,7205.5%28.5%
Other incomeRs m13052165216.9%26.9%
TurnoverRs m16,25319,69320,8866.1%28.5%
ExpensesRs m13,33216,22816,8413.8%26.3%
Gross profitRs m2,7903,4123,87913.7%39.0%
DepreciationRs m8619329714.2%12.7%
InterestRs m425544529-2.8%24.5%
Profit before taxRs m1,6341,9882,54528.0%55.7%
TaxRs m39533163691.9%60.9%
Profit after taxRs m1,2391,6571,90915.2%54.1%
Gross profit margin%17.317.418.7
Effective tax rate%24.216.725.0
Net profit margin%7.68.49.1
* 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 28.5% on a year-on-year (YoY) basis. The expenses were up by 26.3% YoY during the same period.
  • The company's operating profit increased by 39.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.7% in 4QFY19 as against 17.3% in 4QFY18.
  • Depreciation charges increased by 12.7% and finance costs increased by 24.5% YoY, respectively.
  • Other income increased by 26.9% YoY during the quarter.
  • Net profit for the quarter increased by 54.1% YoY. Net profit margins during the quarter increased from 7.6% in 4QFY18 to 9.1% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 5.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.8% QoQ during the same period.
  • The company's operating profit increased by 13.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.7% in 4QFY19 as against 17.4% in 3QFY18.
  • Net profit for the quarter increased by 15.2% QoQ, while net profit margins increased from 8.4% in 3QFY18 to 9.1% in 4QFY19.

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 2,220.7 to Rs 2,488.9, registering a Gain of Rs 268.3 or around 12.1%.

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

Current Valuations

At the current price of Rs 2,488.9, the price to earnings (P/E) ratio of SRF LTD stands at 26.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.7 times.

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

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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.

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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.

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