SAVITA OIL TECH. Announces Quarterly Results (2QFY19); Net Profit Down 33.4%

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SAVITA OIL TECH. Announces Quarterly Results (2QFY19); Net Profit Down 33.4%
Mon, 12 Nov

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

SAVITA OIL TECH. Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m4,4285,4245,7315.6%29.4%
Other incomeRs m141672349.7%405.6%
TurnoverRs m4,4425,4405,8036.7%30.6%
ExpensesRs m4,0065,0385,3866.9%34.4%
Gross profitRs m422386345-10.7%-18.3%
DepreciationRs m6556582.5%-10.6%
InterestRs m268210830.6%308.3%
Profit before taxRs m345263252-4.4%-27.1%
TaxRs m728170-14.3%-2.7%
Profit after taxRs m2741821820.1%-33.4%
Gross profit margin%9.57.16.0
Effective tax rate%20.730.827.6
Net profit margin%6.23.33.1
* 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 grew 29.4% on a year-on-year (YoY) basis. The expenses were up by 34.4% YoY during the same period.
  • The company's operating profit declined by 18.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.0% in 2QFY19 as against 9.5% in 2QFY18.
  • Depreciation charges declined by 10.6% and finance costs increased by 308.3% YoY, respectively.
  • Other income increased by 405.6% YoY during the quarter.
  • Net profit for the quarter declined by 33.4% YoY. Net profit margins during the quarter declined from 6.2% in 2QFY18 to 3.1% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 5.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.9% QoQ during the same period.
  • The company's operating profit declined by 10.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.0% in 2QFY19 as against 7.1% in 1QFY18.
  • Net profit for the quarter increased by 0.1% QoQ, while net profit margins declined from 3.3% in 1QFY18 to 3.1% in 2QFY19.

To see how SAVITA OIL TECH. has performed over the last eight quarters, please visit here.

SAVITA OIL TECH. Share Price Performance

Over the last one year, SAVITA OIL TECH. share price has moved up from Rs 1,341.0 to Rs 1,006.0, registering a Loss of Rs 335.0 or around 25.0%.

Overall, the S&P BSE SENSEX is up 5.8% over the year.

Current Valuations

At the current price of Rs 1,006.0, the price to earnings (P/E) ratio of SAVITA OIL TECH. stands at 13.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.6 times.

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For the quarter ended March 2019, SAVITA OIL has posted a net profit of Rs 334 m (down 17.1% YoY). Sales on the other hand came in at Rs 5 bn (up 18.8% YoY). Read on for a complete analysis of SAVITA OIL's quarterly results.

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