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SUBEX LTD Announces Quarterly Results (1QFY19); Net Profit Down 491.1%

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SUBEX LTD Announces Quarterly Results (1QFY19); Net Profit Down 491.1%
Fri, 3 Aug

SUBEX LTD has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

SUBEX LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m762807759-5.9%-0.4%
Other incomeRs m642-54.1%-71.2%
TurnoverRs m768810761-6.1%-0.9%
ExpensesRs m717725662-8.7%-7.8%
Gross profitRs m4519998-50.8%118.3%
DepreciationRs m1310113.9%-17.7%
InterestRs m23666.9%-72.4%
Profit before taxRs m1518682-55.7%445.7%
TaxRs m25364320.2%70.2%
Profit after taxRs m-1015040-73.7%
Gross profit margin%5.924.612.9
Effective tax rate%166.919.252.1
Net profit margin%-1.318.65.2
* 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 0.4% on a year-on-year (YoY) basis. The expenses were down by 7.8% YoY during the same period.
  • The company's operating profit increased by 118.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.9% in 1QFY19 as against 5.9% in 1QFY18.
  • Depreciation charges and finance costs declined by 17.7% YoY and 72.4% YoY, respectively.
  • Other income declined by 71.2% YoY during the quarter.
  • Net profit for the quarter declined by 491.1% YoY. Net profit margins during the quarter increased from -1.3% in 1QFY18 to 5.2% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 8.7% QoQ during the same period.
  • The company's operating profit declined by 50.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.9% in 1QFY19 as against 24.6% in 4QFY18.
  • Net profit for the quarter declined by 73.7% QoQ, while net profit margins declined from 18.5% in 4QFY18 to 5.2% in 1QFY19.

To see how SUBEX LTD has performed over the last eight quarters, please visit here.

SUBEX LTD Share Price Performance

Over the last one year, SUBEX LTD share price has moved up from Rs 9.1 to Rs 5.5, registering a Loss of Rs 3.6 or around 39.3%.

Meanwhile, the S&P BSE IT Index is trading at Rs 14,604.4 (up 0.7%). Over the last one year it has moved up from 10,309.6 to 14,604.4, a gain of 4,295 points (up 41.7%).

Overall, the S&P BSE SENSEX is up 1.1% over the year.

Current Valuations

At the current price of Rs 5.5, the price to earnings (P/E) ratio of SUBEX LTD stands at 3.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.1 times.

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SUBEX LTD Announces Quarterly Results (2QFY19); Net Profit Up 107.6% (Quarterly Result Update)

Nov 12, 2018 | Updated on Nov 12, 2018

For the quarter ended September 2018, SUBEX LTD has posted a net profit of Rs 63 m (up 107.6% YoY). Sales on the other hand came in at Rs 881 m (up 8.6% YoY). Read on for a complete analysis of SUBEX LTD's quarterly results.

SUBEX LTD Announces Quarterly Results (4QFY18); Net Profit Down 116.1% (Quarterly Result Update)

Jul 20, 2018 | Updated on Jul 20, 2018

For the quarter ended March 2018, SUBEX LTD has posted a net profit of Rs 150 m (down 116.1% YoY). Sales on the other hand came in at Rs 806 m (down 15.1% YoY). Read on for a complete analysis of SUBEX LTD's quarterly results.

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