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STC INDIA Announces Quarterly Results (4QFY18); Net Profit Down 124.5%

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STC INDIA Announces Quarterly Results (4QFY18); Net Profit Down 124.5%
Fri, 20 Jul

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

STC INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m28,85322,36820,786-7.1%-28.0%
Other incomeRs m1547347725.2%400.5%
TurnoverRs m29,00823,10221,558-6.7%-25.7%
ExpensesRs m28,50922,52621,172-6.0%-25.7%
Gross profitRs m560-95-300-153.4%
DepreciationRs m394036-10.5%-9.2%
InterestRs m43043950715.3%17.8%
Profit before taxRs m246159-70-144.1%-128.5%
TaxRs m166-32-51-130.4%
Profit after taxRs m80191-20-110.2%-124.5%
Gross profit margin%1.9-0.4-1.4
Effective tax rate%67.6-20.172.1
Net profit margin%0.30.8-0.1
* 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 fell 28.0% on a year-on-year (YoY) basis. The expenses were down by 25.7% YoY during the same period.
  • The company's operating profit declined by 153.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 1.4% in 4QFY18 as against 1.9% in 4QFY17.
  • Depreciation charges and finance costs declined by 9.2% YoY and 17.8% YoY, respectively.
  • Other income increased by 400.5% YoY during the quarter.
  • Net profit for the quarter declined by 124.5% YoY. Net profit margins during the quarter declined from 0.3% in 4QFY17 to 0.1% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 7.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.0% QoQ during the same period.
  • The company's operating profit declined by 214.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 1.4% in 4QFY18 as against 0.4% in 3QFY17.
  • Net profit for the quarter declined by 110.2% QoQ, while net profit margins declined from 0.8% in 3QFY17 to 0.1% in 4QFY18.

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 169.5 to Rs 131.8, registering a Loss of Rs -37.7 or around 22.2%.

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 131.8, the price to earnings (P/E) ratio of STC INDIA stands at 21.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.8 times.

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