CREST VENTURES Announces Quarterly Results (2QFY19); Net Profit Down 71.0%

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CREST VENTURES Announces Quarterly Results (2QFY19); Net Profit Down 71.0%
Mon, 12 Nov

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

CREST VENTURES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m56210312823.7%-77.2%
Other incomeRs m3114-67.8%18.5%
TurnoverRs m56511413215.0%-76.7%
ExpensesRs m7313881-41.4%11.6%
Gross profitRs m5999517684.3%-70.7%
DepreciationRs m3330.3%9.6%
InterestRs m1817184.7%-2.5%
Profit before taxRs m5818615883.9%-72.8%
TaxRs m69-810-85.5%
Profit after taxRs m5119414858.3%-71.0%
Gross profit margin%106.592.1137.3
Effective tax rate%11.9-8.96.3
Net profit margin%90.581.8112.6
* 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 fell 77.2% on a year-on-year (YoY) basis. The expenses were up by 11.6% YoY during the same period.
  • The company's operating profit declined by 70.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 137.3% in 2QFY19 as against 106.5% in 2QFY18.
  • Depreciation charges increased by 9.6% and finance costs declined by 2.5% YoY, respectively.
  • Other income increased by 18.5% YoY during the quarter.
  • Net profit for the quarter declined by 71.0% YoY. Net profit margins during the quarter increased from 90.5% in 2QFY18 to 112.6% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 23.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 41.4% QoQ during the same period.
  • The company's operating profit increased by 84.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 137.3% in 2QFY19 as against 92.1% in 1QFY18.
  • Net profit for the quarter increased by 58.3% QoQ, while net profit margins increased from 82.5% in 1QFY18 to 112.6% in 2QFY19.

To see how CREST VENTURES has performed over the last eight quarters, please visit here.

CREST VENTURES Share Price Performance

Over the last one year, CREST VENTURES share price has moved up from Rs 260.5 to Rs 149.6, registering a Loss of Rs 110.9 or around 42.6%.

Overall, the S&P BSE SENSEX is up 5.8% over the year.

Current Valuations

At the current price of Rs 149.6, the price to earnings (P/E) ratio of CREST VENTURES stands at 4.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.0 times.

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