TILAKNAGAR IND. Announces Quarterly Results (2QFY19); Net Profit Down 364.1%

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TILAKNAGAR IND. Announces Quarterly Results (2QFY19); Net Profit Down 364.1%
Mon, 12 Nov

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

TILAKNAGAR IND. Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m2,2183,2674,04423.8%82.3%
Other incomeRs m812122.8%47.7%
TurnoverRs m2,2273,2794,05723.7%82.2%
ExpensesRs m1,8383,1843,93223.5%114.0%
Gross profitRs m3818411334.7%-70.4%
DepreciationRs m9493941.1%-0.8%
InterestRs m3863953980.7%2.9%
Profit before taxRs m-92-392-366
TaxRs m-10550.0%
Profit after taxRs m-91-392-421
Gross profit margin%17.22.62.8
Effective tax rate%1.00.0-15.0
Net profit margin%-4.1-11.9-10.4
* 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 82.3% on a year-on-year (YoY) basis. The expenses were up by 114.0% YoY during the same period.
  • The company's operating profit declined by 70.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2.8% in 2QFY19 as against 17.2% in 2QFY18.
  • Depreciation charges declined by 0.8% and finance costs increased by 2.9% YoY, respectively.
  • Other income increased by 47.7% YoY during the quarter.
  • Net profit for the quarter declined by 364.1% YoY. Net profit margins during the quarter declined from -4.1% in 2QFY18 to -10.4% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 23.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 23.5% QoQ during the same period.
  • The company's operating profit increased by 34.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 2.8% in 2QFY19 as against 2.6% in 1QFY18.
  • Net profit for the quarter declined by 7.5% QoQ, while net profit margins increased from -12.0% in 1QFY18 to -10.4% in 2QFY19.

To see how TILAKNAGAR IND. has performed over the last eight quarters, please visit here.

TILAKNAGAR IND. Share Price Performance

Over the last one year, TILAKNAGAR IND. share price has moved up from Rs 15.2 to Rs 15.1, registering a Loss of Rs 0.1 or around 0.7%.

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

Current Valuations

At the current price of Rs 15.1, the price to book value (P/BV) ratio of TILAKNAGAR IND. stands at -8.2 times.

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