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

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TAMIL NADU NEWSPRINT Announces Quarterly Results (4QFY19); Net Profit Down 59.3%
Thu, 30 May

TAMIL NADU NEWSPRINT has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

TAMIL NADU NEWSPRINT Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m10,50511,03410,483-5.0%-0.2%
Other incomeRs m1161001099.0%-6.2%
TurnoverRs m10,62211,13510,592-4.9%-0.3%
ExpensesRs m8,8969,1968,465-7.9%-4.8%
Gross profitRs m1,6091,8381,286-30.1%-20.1%
DepreciationRs m570571565-1.0%-0.9%
InterestRs m579575561-2.5%-3.1%
Profit before taxRs m577793269-66.0%-53.3%
TaxRs m246296135-54.5%-45.2%
Profit after taxRs m331497135-72.9%-59.3%
Gross profit margin%15.316.712.3
Effective tax rate%42.637.350.0
Net profit margin%3.14.51.3
* 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 fell 0.2% on a year-on-year (YoY) basis. The expenses were down by 4.8% YoY during the same period.
  • The company's operating profit declined by 20.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.3% in 4QFY19 as against 15.3% in 4QFY18.
  • Depreciation charges declined by 0.9% and finance costs declined by 3.1% YoY, respectively.
  • Other income declined by 6.2% YoY during the quarter.
  • Net profit for the quarter declined by 59.3% YoY. Net profit margins during the quarter declined from 3.1% in 4QFY18 to 1.3% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.9% QoQ during the same period.
  • The company's operating profit declined by 30.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.3% in 4QFY19 as against 16.7% in 3QFY18.
  • Net profit for the quarter declined by 72.9% QoQ, while net profit margins declined from 4.5% in 3QFY18 to 1.3% in 4QFY19.

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 328.1 to Rs 204.0, registering a Loss of Rs 124.2 or around 37.8%.

Overall, the S&P BSE SENSEX is up 13.6% over the year.

Current Valuations

At the current price of Rs 204.0, the price to earnings (P/E) ratio of TAMIL NADU NEWSPRINT stands at 15.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.

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Related Views on News

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.

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