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

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SUBEX LTD Announces Quarterly Results (2QFY19); Net Profit Up 107.6%
Mon, 12 Nov

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

SUBEX LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m81175988116.0%8.6%
Other incomeRs m2220.0%6.3%
TurnoverRs m81276188216.0%8.6%
ExpensesRs m73766272910.2%-1.1%
Gross profitRs m749815255.6%105.3%
DepreciationRs m13111214.0%-5.4%
InterestRs m2165-25.8%-78.1%
Profit before taxRs m428213766.0%228.1%
TaxRs m11437471.8%552.2%
Profit after taxRs m30406359.7%107.6%
Gross profit margin%9.112.917.2
Effective tax rate%27.152.153.9
Net profit margin%3.75.27.2
* 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 grew 8.6% on a year-on-year (YoY) basis. The expenses were down by 1.1% YoY during the same period.
  • The company's operating profit increased by 105.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.2% in 2QFY19 as against 9.1% in 2QFY18.
  • Depreciation charges declined by 5.4% and finance costs declined by 78.1% YoY, respectively.
  • Other income increased by 6.3% YoY during the quarter.
  • Net profit for the quarter increased by 107.6% YoY. Net profit margins during the quarter increased from 3.7% in 2QFY18 to 7.2% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 16.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 10.2% QoQ during the same period.
  • The company's operating profit increased by 55.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.2% in 2QFY19 as against 12.9% in 1QFY18.
  • Net profit for the quarter increased by 59.7% QoQ, while net profit margins increased from 5.3% in 1QFY18 to 7.2% in 2QFY19.

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 8.8 to Rs 6.0, registering a Loss of Rs 2.9 or around 32.5%.

Meanwhile, the S&P BSE IT Index is trading at Rs 14,402.4 (up 1.5%). Over the last one year it has moved up from 10,732.6 to 14,402.4, a gain of 3,670 points (up 34.2%).

Overall, the S&P BSE SENSEX is up 5.7% over the year.

Current Valuations

At the current price of Rs 6.0, 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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