TRF LTD Announces Quarterly Results (2QFY19); Net Profit Down 68.0%

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TRF LTD Announces Quarterly Results (2QFY19); Net Profit Down 68.0%
Tue, 6 Nov

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

TRF LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m2,188860840-2.3%-61.6%
Other incomeRs m21101656.7%-24.9%
TurnoverRs m2,209870856-1.6%-61.3%
ExpensesRs m2,5499011,19833.0%-53.0%
Gross profitRs m655-230258-60.6%
DepreciationRs m2112120.8%-43.2%
InterestRs m14712614716.1%0.0%
Profit before taxRs m508-358115-77.4%
TaxRs m17217770.6%-95.7%
Profit after taxRs m336-359108-68.0%
Gross profit margin%29.9-26.830.7
Effective tax rate%33.9-0.26.4
Net profit margin%15.2-41.312.6
* 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 fell 61.6% on a year-on-year (YoY) basis. The expenses were down by 53.0% YoY during the same period.
  • The company's operating profit declined by 60.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 30.7% in 2QFY19 as against 29.9% in 2QFY18.
  • Depreciation charges declined by 43.2% and finance costs increased by 0.0% YoY, respectively.
  • Other income declined by 24.9% YoY during the quarter.
  • Net profit for the quarter declined by 68.0% YoY. Net profit margins during the quarter declined from 15.2% in 2QFY18 to 12.6% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 33.0% QoQ during the same period.
  • The company's operating profit increased by 212.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 30.7% in 2QFY19 as against 26.8% in 1QFY18.
  • Net profit for the quarter increased by 130.0% QoQ, while net profit margins increased from -41.3% in 1QFY18 to 12.6% in 2QFY19.

To see how TRF LTD has performed over the last eight quarters, please visit here.

TRF LTD Share Price Performance

Over the last one year, TRF LTD share price has moved up from Rs 247.8 to Rs 127.0, registering a Loss of Rs 120.8 or around 48.7%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,092.4 (up 0.2%). Over the last one year it has moved down from 18,531.6 to 18,092.4, a gain of 439 points (down 2.4%).

Overall, the S&P BSE SENSEX is up 4.1% over the year.

Current Valuations

At the current price of Rs 127.0, the price to earnings (P/E) ratio of TRF LTD stands at 1.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at -0.7 times.

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