STC INDIA Announces Quarterly Results (3QFY19); Net Profit Down 4498.5%

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STC INDIA Announces Quarterly Results (3QFY19); Net Profit Down 4498.5%
Fri, 15 Feb

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

STC INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m22,36828,36716,226-42.8%-27.5%
Other incomeRs m734825-768-193.1%-204.8%
TurnoverRs m23,10229,19215,458-47.0%-33.1%
ExpensesRs m22,52628,81716,457-42.9%-26.9%
Gross profitRs m-95-451-6,883
DepreciationRs m404039-0.8%-1.5%
InterestRs m43946458325.8%32.7%
Profit before taxRs m159-129-8,274-5306.9%
TaxRs m-3251192535.6%
Profit after taxRs m191-133-8,392-4498.5%
Gross profit margin%-0.4-1.6-42.4
Effective tax rate%-20.1-3.5-1.4
Net profit margin%0.8-0.5-54.3
* 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 27.5% on a year-on-year (YoY) basis. The expenses were down by 26.9% YoY during the same period.
  • The company's operating profit increased by 7122.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 42.4% in 3QFY19 as against 0.4% in 3QFY18.
  • Depreciation charges declined by 1.5% and finance costs increased by 32.7% YoY, respectively.
  • Other income declined by 204.8% YoY during the quarter.
  • Net profit for the quarter declined by 4498.5% YoY. Net profit margins during the quarter declined from 0.8% in 3QFY18 to -54.3% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 42.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 42.9% QoQ during the same period.
  • The company's operating profit declined by 1426.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 42.4% in 3QFY19 as against 1.6% in 2QFY18.
  • Net profit for the quarter declined by 6195.8% QoQ, while net profit margins declined from -0.5% in 2QFY18 to -54.3% in 3QFY19.

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 163.0 to Rs 112.7, registering a Loss of Rs 50.3 or around 30.9%.

Overall, the S&P BSE SENSEX is up 4.3% over the year.

Current Valuations

At the current price of Rs 112.7, the price to book value (P/BV) ratio of STC INDIA stands at -0.2 times.

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