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USHA MARTIN Announces Quarterly Results (1QFY19); Net Profit Up 112.0%

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USHA MARTIN Announces Quarterly Results (1QFY19); Net Profit Up 112.0%
Mon, 20 Aug

USHA MARTIN has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

USHA MARTIN Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m11,98413,19813,8424.9%15.5%
Other incomeRs m14138960-84.5%-57.3%
TurnoverRs m12,12413,58813,9022.3%14.7%
ExpensesRs m10,89811,24711,5162.4%5.7%
Gross profitRs m1,0851,9552,32018.7%113.8%
DepreciationRs m7527877920.6%5.4%
InterestRs m1,4011,4561,4721.1%5.1%
Profit before taxRs m-92710211613.6%
TaxRs m27-242-94.0%
Profit after taxRs m-953126114-9.2%
Gross profit margin%9.114.816.8
Effective tax rate%-2.9-23.51.4
Net profit margin%-7.90.90.8
* 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 15.5% on a year-on-year (YoY) basis. The expenses were up by 5.7% YoY during the same period.
  • The company's operating profit increased by 113.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.8% in 1QFY19 as against 9.1% in 1QFY18.
  • Depreciation charges and finance costs increased by 5.4% YoY and 5.1% YoY, respectively.
  • Other income declined by 57.3% YoY during the quarter.
  • Net profit for the quarter increased by 112.0% YoY. Net profit margins during the quarter increased from -7.9% in 1QFY18 to 0.8% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.4% QoQ during the same period.
  • The company's operating profit increased by 18.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.8% in 1QFY19 as against 14.8% in 4QFY18.
  • Net profit for the quarter declined by 9.2% QoQ, while net profit margins declined from 0.9% in 4QFY18 to 0.8% in 1QFY19.

To see how USHA MARTIN has performed over the last eight quarters, please visit here.

USHA MARTIN Share Price Performance

Over the last one year, USHA MARTIN share price has moved up from Rs 19.0 to Rs 28.4, registering a Gain of Rs 9.4 or around 49.2%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 13,087.7 (up 1.6%). Over the last one year it has moved up from 12,941.5 to 13,087.7, a gain of 146 points (up 1.1%).

Overall, the S&P BSE SENSEX is up 20.4% over the year.

Current Valuations

At the current price of Rs 28.4, the price to book value (P/BV) ratio of USHA MARTIN stands at 0.9 times.

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For the quarter ended December 2018, USHA MARTIN has posted a net profit of Rs 323 m (up 129.0% YoY). Sales on the other hand came in at Rs 6 bn (down 45.4% YoY). Read on for a complete analysis of USHA MARTIN's quarterly results.

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

USHA MARTIN Announces Quarterly Results (2QFY19); Net Profit Up 138.0% (Quarterly Result Update)

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For the quarter ended September 2018, USHA MARTIN has posted a net profit of Rs 282 m (up 138.0% YoY). Sales on the other hand came in at Rs 6 bn (down 43.8% YoY). Read on for a complete analysis of USHA MARTIN's quarterly results.

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