TAMIL NADU NEWSPRINT Announces Quarterly Results (2QFY19); Net Profit Up 149.4%

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TAMIL NADU NEWSPRINT Announces Quarterly Results (2QFY19); Net Profit Up 149.4%
Wed, 14 Nov

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

TAMIL NADU NEWSPRINT Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m5,3609,25310,0578.7%87.6%
Other incomeRs m759984-15.7%11.9%
TurnoverRs m5,4359,35210,1418.4%86.6%
ExpensesRs m4,6887,8138,86113.4%89.0%
Gross profitRs m6721,4401,196-17.0%77.9%
DepreciationRs m5475625701.4%4.3%
InterestRs m5825896083.3%4.5%
Profit before taxRs m-382388102-73.9%
TaxRs m-25014236-74.3%
Profit after taxRs m-13224765-73.6%
Gross profit margin%12.515.611.9
Effective tax rate%65.436.435.8
Net profit margin%-2.42.60.6
* 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 87.6% on a year-on-year (YoY) basis. The expenses were up by 89.0% YoY during the same period.
  • The company's operating profit increased by 77.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.9% in 2QFY19 as against 12.5% in 2QFY18.
  • Depreciation charges increased by 4.3% and finance costs increased by 4.5% YoY, respectively.
  • Other income increased by 11.9% YoY during the quarter.
  • Net profit for the quarter increased by 149.4% YoY. Net profit margins during the quarter increased from -2.4% in 2QFY18 to 0.6% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 8.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 13.4% QoQ during the same period.
  • The company's operating profit declined by 17.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.9% in 2QFY19 as against 15.6% in 1QFY18.
  • Net profit for the quarter declined by 73.6% QoQ, while net profit margins declined from 2.6% in 1QFY18 to 0.6% in 2QFY19.

To see how TAMIL NADU NEWSPRINT has performed over the last eight quarters, please visit here.

TAMIL NADU NEWSPRINT Share Price Performance

Over the last one year, TAMIL NADU NEWSPRINT share price has moved up from Rs 332.2 to Rs 264.9, registering a Loss of Rs 67.3 or around 20.2%.

Overall, the S&P BSE SENSEX is up 6.5% over the year.

Current Valuations

At the current price of Rs 264.9, the price to earnings (P/E) ratio of TAMIL NADU NEWSPRINT stands at 20.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.6 times.

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TAMIL NADU NEWSPRINT Announces Quarterly Results (1QFY20); Net Profit Up 212.3% (Quarterly Result Update)

Aug 27, 2019 | Updated on Aug 27, 2019

For the quarter ended June 2019, TAMIL NADU NEWSPRINT has posted a net profit of Rs 771 m (up 212.3% YoY). Sales on the other hand came in at Rs 10 bn (up 2.8% YoY). Read on for a complete analysis of TAMIL NADU NEWSPRINT's quarterly results.

TAMIL NADU NEWSPRINT Announces Quarterly Results (4QFY19); Net Profit Down 59.3% (Quarterly Result Update)

May 30, 2019 | Updated on May 30, 2019

For the quarter ended March 2019, TAMIL NADU NEWSPRINT has posted a net profit of Rs 135 m (down 59.3% YoY). Sales on the other hand came in at Rs 10 bn (down 0.2% YoY). Read on for a complete analysis of TAMIL NADU NEWSPRINT's quarterly results.

TAMIL NADU NEWSPRINT 2017-18 Annual Report Analysis (Annual Result Update)

Apr 2, 2019 | Updated on Apr 2, 2019

Here's an analysis of the annual report of TAMIL NADU NEWSPRINT for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of TAMIL NADU NEWSPRINT. Also includes updates on the valuation of TAMIL NADU NEWSPRINT.

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