CREST VENTURES Announces Quarterly Results (3QFY19); Net Profit Down 68.7%

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CREST VENTURES Announces Quarterly Results (3QFY19); Net Profit Down 68.7%
Fri, 22 Feb

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

CREST VENTURES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m1791281333.6%-25.9%
Other incomeRs m74540.8%-31.8%
TurnoverRs m1861321384.6%-26.1%
ExpensesRs m758124-70.7%-68.2%
Gross profitRs m220176109-38.0%-50.5%
DepreciationRs m3342.6%9.7%
InterestRs m26182225.2%-13.6%
Profit before taxRs m19815888-44.2%-55.5%
TaxRs m-31025151.0%
Profit after taxRs m20214863-57.4%-68.7%
Gross profit margin%122.8137.382.1
Effective tax rate%-1.76.328.5
Net profit margin%108.3112.645.9
* 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 25.9% on a year-on-year (YoY) basis. The expenses were down by 68.2% YoY during the same period.
  • The company's operating profit declined by 50.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 82.1% in 3QFY19 as against 122.8% in 3QFY18.
  • Depreciation charges increased by 9.7% and finance costs declined by 13.6% YoY, respectively.
  • Other income declined by 31.8% YoY during the quarter.
  • Net profit for the quarter declined by 68.7% YoY. Net profit margins during the quarter declined from 108.3% in 3QFY18 to 45.9% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 3.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 70.7% QoQ during the same period.
  • The company's operating profit declined by 38.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 82.1% in 3QFY19 as against 137.3% in 2QFY18.
  • Net profit for the quarter declined by 57.4% QoQ, while net profit margins declined from 112.1% in 2QFY18 to 45.9% in 3QFY19.

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 218.2 to Rs 125.4, registering a Loss of Rs 92.8 or around 42.5%.

Overall, the S&P BSE SENSEX is up 6.0% over the year.

Current Valuations

At the current price of Rs 125.4, the price to earnings (P/E) ratio of CREST VENTURES stands at 5.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.5 times.

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For the quarter ended March 2019, CREST VENTURES has posted a net profit of Rs 103 m (down 8.8% YoY). Sales on the other hand came in at Rs 137 m (up 28.4% YoY). Read on for a complete analysis of CREST VENTURES's quarterly results.

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

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For the quarter ended September 2018, CREST VENTURES has posted a net profit of Rs 148 m (down 71.0% YoY). Sales on the other hand came in at Rs 128 m (down 77.2% YoY). Read on for a complete analysis of CREST VENTURES's quarterly results.

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