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TAMIL NADU NEWSPRINT Announces Quarterly Results (3QFY19); Net Profit Up 83.4%

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TAMIL NADU NEWSPRINT Announces Quarterly Results (3QFY19); Net Profit Up 83.4%
Fri, 22 Feb

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

TAMIL NADU NEWSPRINT Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m9,41510,05711,0349.7%17.2%
Other incomeRs m818410019.7%23.6%
TurnoverRs m9,49610,14111,1359.8%17.3%
ExpensesRs m7,9628,8619,1963.8%15.5%
Gross profitRs m1,4531,1961,83853.7%26.5%
DepreciationRs m5585705710.1%2.2%
InterestRs m653608575-5.5%-12.0%
Profit before taxRs m322102793680.8%145.8%
TaxRs m5136296714.3%475.1%
Profit after taxRs m27165497662.1%83.4%
Gross profit margin%15.411.916.7
Effective tax rate%15.935.837.3
Net profit margin%2.90.64.5
* 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 17.2% on a year-on-year (YoY) basis. The expenses were up by 15.5% YoY during the same period.
  • The company's operating profit increased by 26.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.7% in 3QFY19 as against 15.4% in 3QFY18.
  • Depreciation charges increased by 2.2% and finance costs declined by 12.0% YoY, respectively.
  • Other income increased by 23.6% YoY during the quarter.
  • Net profit for the quarter increased by 83.4% YoY. Net profit margins during the quarter increased from 2.9% in 3QFY18 to 4.5% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 9.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.8% QoQ during the same period.
  • The company's operating profit increased by 53.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.7% in 3QFY19 as against 11.9% in 2QFY18.
  • Net profit for the quarter increased by 662.1% QoQ, while net profit margins increased from 0.6% in 2QFY18 to 4.5% in 3QFY19.

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 362.0 to Rs 189.2, registering a Loss of Rs 172.8 or around 47.7%.

Overall, the S&P BSE SENSEX is up 6.0% over the year.

Current Valuations

At the current price of Rs 189.2, the price to earnings (P/E) ratio of TAMIL NADU NEWSPRINT stands at 11.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.1 times.

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Related Views on News

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.

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

Nov 14, 2018 | Updated on Nov 14, 2018

For the quarter ended September 2018, TAMIL NADU NEWSPRINT has posted a net profit of Rs 65 m (up 149.4% YoY). Sales on the other hand came in at Rs 10 bn (up 87.6% YoY). Read on for a complete analysis of TAMIL NADU NEWSPRINT's quarterly results.

TAMIL NADU NEWSPRINT Announces Quarterly Results (1QFY19); Net Profit Down 127.7% (Quarterly Result Update)

Aug 14, 2018 | Updated on Aug 14, 2018

For the quarter ended June 2018, TAMIL NADU NEWSPRINT has posted a net profit of Rs 247 m (down 127.7% YoY). Sales on the other hand came in at Rs 9 bn (up 56.8% YoY). Read on for a complete analysis of TAMIL NADU NEWSPRINT's quarterly results.

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