TRF LTD Announces Quarterly Results (3QFY19); Net Profit Down 210.5%

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TRF LTD Announces Quarterly Results (3QFY19); Net Profit Down 210.5%
Fri, 18 Jan

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

TRF LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m2,5858408642.9%-66.6%
Other incomeRs m16164-73.8%-74.1%
TurnoverRs m2,6018568681.5%-66.6%
ExpensesRs m2,6611,198933-22.1%-64.9%
Gross profitRs m378258-71-127.4%-118.7%
DepreciationRs m221211-4.0%-48.5%
InterestRs m155147126-14.2%-18.9%
Profit before taxRs m217115-204-277.1%-194.1%
TaxRs m2776-21.8%-78.5%
Profit after taxRs m190108-210-294.7%-210.5%
Gross profit margin%14.630.7-8.2
Effective tax rate%12.46.4-2.8
Net profit margin%7.312.6-24.1
* 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 66.6% on a year-on-year (YoY) basis. The expenses were down by 64.9% YoY during the same period.
  • The company's operating profit declined by 118.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.2% in 3QFY19 as against 14.6% in 3QFY18.
  • Depreciation charges declined by 48.5% and finance costs declined by 18.9% YoY, respectively.
  • Other income declined by 74.1% YoY during the quarter.
  • Net profit for the quarter declined by 210.5% YoY. Net profit margins during the quarter declined from 7.3% in 3QFY18 to -24.1% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 22.1% QoQ during the same period.
  • The company's operating profit declined by 127.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.2% in 3QFY19 as against 30.7% in 2QFY18.
  • Net profit for the quarter declined by 294.7% QoQ, while net profit margins declined from 12.6% in 2QFY18 to -24.1% in 3QFY19.

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 251.9 to Rs 121.2, registering a Loss of Rs 130.7 or around 51.9%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,963.0 (up 0.0%). Over the last one year it has moved down from 20,014.0 to 17,963.0, a gain of 2,051 points (down 10.2%).

Overall, the S&P BSE SENSEX is up 3.7% over the year.

Current Valuations

At the current price of Rs 121.2, the price to earnings (P/E) ratio of TRF LTD stands at 3.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at -0.7 times.

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