STC INDIA Announces Quarterly Results (2QFY19); Net Profit Down 271.8%

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STC INDIA Announces Quarterly Results (2QFY19); Net Profit Down 271.8%
Wed, 21 Nov

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

STC INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m17,51437,33928,367-24.0%62.0%
Other incomeRs m7518188250.9%9.9%
TurnoverRs m18,26538,15629,192-23.5%59.8%
ExpensesRs m17,81037,57928,817-23.3%61.8%
Gross profitRs m-191-243-451
DepreciationRs m4539400.5%-12.6%
InterestRs m420516464-10.1%10.5%
Profit before taxRs m9519-129-774.3%-235.4%
TaxRs m18550.0%-74.3%
Profit after taxRs m7815-133-1013.0%-271.8%
Gross profit margin%-1.1-0.7-1.6
Effective tax rate%18.423.6-3.5
Net profit margin%0.40.0-0.5
* 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 62.0% on a year-on-year (YoY) basis. The expenses were up by 61.8% YoY during the same period.
  • The company's operating profit increased by 135.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 1.6% in 2QFY19 as against 1.1% in 2QFY18.
  • Depreciation charges declined by 12.6% and finance costs increased by 10.5% YoY, respectively.
  • Other income increased by 9.9% YoY during the quarter.
  • Net profit for the quarter declined by 271.8% YoY. Net profit margins during the quarter declined from 0.4% in 2QFY18 to -0.5% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 24.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 23.3% QoQ during the same period.
  • The company's operating profit declined by 85.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 1.6% in 2QFY19 as against 0.7% in 1QFY18.
  • Net profit for the quarter declined by 1013.0% QoQ, while net profit margins declined from 0.0% in 1QFY18 to -0.5% in 2QFY19.

To see how STC INDIA has performed over the last eight quarters, please visit here.

STC INDIA Share Price Performance

Over the last one year, STC INDIA share price has moved up from Rs 194.0 to Rs 117.8, registering a Loss of Rs 76.3 or around 39.3%.

Overall, the S&P BSE SENSEX is up 5.4% over the year.

Current Valuations

At the current price of Rs 117.8, the price to earnings (P/E) ratio of STC INDIA stands at 134.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.7 times.

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