SUBEX LTD Announces Quarterly Results (1QFY20); Net Profit Up 33.7%

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SUBEX LTD Announces Quarterly Results (1QFY20); Net Profit Up 33.7%
Mon, 19 Aug

SUBEX LTD has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

SUBEX LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m7591,019790-22.5%4.0%
Other incomeRs m244-10.0%111.8%
TurnoverRs m7611,023793-22.5%4.2%
ExpensesRs m662801612-23.6%-7.5%
Gross profitRs m98218178-18.6%82.1%
DepreciationRs m111437168.8%246.7%
InterestRs m6515177.8%141.9%
Profit before taxRs m82203129-36.4%56.8%
TaxRs m4374763.2%78.1%
Profit after taxRs m4012953-59.1%33.7%
Gross profit margin%12.921.422.5
Effective tax rate%52.136.559.1
Net profit margin%5.212.66.7
* 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 4.0% on a year-on-year (YoY) basis. The expenses were down by 7.5% YoY during the same period.
  • The company's operating profit increased by 82.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.5% in 1QFY20 as against 12.9% in 1QFY19.
  • Depreciation charges increased by 246.7% and finance costs increased by 141.9% YoY, respectively.
  • Other income increased by 111.8% YoY during the quarter.
  • Net profit for the quarter increased by 33.7% YoY. Net profit margins during the quarter increased from 5.2% in 1QFY19 to 6.7% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 22.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 23.6% QoQ during the same period.
  • The company's operating profit increased by 18.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.5% in 1QFY20 as against 21.4% in 4QFY19.
  • Net profit for the quarter declined by 59.1% QoQ, while net profit margins declined from 12.6% in 4QFY19 to 6.7% in 1QFY20.

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 down from Rs 6.0 to Rs 5.4, registering a Loss of Rs 0.6 or around 9.5%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,611.8 (up 0.8%). Over the last one year it has moved up from 15,091.8 to 15,611.8, a gain of 520 points (up 3.4%).

Overall, the S&P BSE SENSEX is down 0.1% over the year.

Current Valuations

At the current price of Rs 5.4, the price to earnings (P/E) ratio of SUBEX LTD stands at 3.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.1 times.

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For the quarter ended March 2019, SUBEX LTD has posted a net profit of Rs 129 m (down 14.2% YoY). Sales on the other hand came in at Rs 1 bn (up 26.3% YoY). Read on for a complete analysis of SUBEX LTD's quarterly results.

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