UTTAM GALVA STEEL Announces Quarterly Results (1QFY19); Net Profit Up 90.2%

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UTTAM GALVA STEEL Announces Quarterly Results (1QFY19); Net Profit Up 90.2%
Thu, 26 Jul

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

UTTAM GALVA STEEL Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m10,07463091845.7%-90.9%
Other incomeRs m16523714-94.3%-91.8%
TurnoverRs m10,2398679327.4%-90.9%
ExpensesRs m9,9861,208859-28.9%-91.4%
Gross profitRs m88-57859-32.3%
DepreciationRs m643633630-0.4%-2.0%
InterestRs m1,5351,9803,10456.8%102.3%
Profit before taxRs m-1,925-2,954-3,662
TaxRs m0000.0%0.0%
Profit after taxRs m-1,925-2,954-3,662
Gross profit margin%0.9-91.76.4
Effective tax rate%0.00.00.0
Net profit margin%-18.8-340.6-393.1
* 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 90.9% on a year-on-year (YoY) basis. The expenses were down by 91.4% YoY during the same period.
  • The company's operating profit declined by 32.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 6.4% in 1QFY19 as against 0.9% in 1QFY18.
  • Depreciation charges and finance costs declined by 2.0% YoY and 102.3% YoY, respectively.
  • Other income declined by 91.8% YoY during the quarter.
  • Net profit for the quarter increased by 90.2% YoY. Net profit margins during the quarter declined from -18.8% in 1QFY18 to -393.1% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 45.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 28.9% QoQ during the same period.
  • The company's operating profit increased by 110.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 6.4% in 1QFY19 as against 91.7% in 4QFY18.
  • Net profit for the quarter increased by 24.0% QoQ, while net profit margins declined from -340.7% in 4QFY18 to -393.1% in 1QFY19.

To see how UTTAM GALVA STEEL has performed over the last eight quarters, please visit here.

UTTAM GALVA STEEL Share Price Performance

Over the last one year, UTTAM GALVA STEEL share price has moved up from Rs 31.4 to Rs 8.9, registering a Loss of Rs 22.5 or around 71.7%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 12,331.7 (down 0.3%). Over the last one year it has moved down from 12,504.1 to 12,331.7, a gain of 172 points (down 1.4%).

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 8.9, the price to earnings (P/E) ratio of UTTAM GALVA STEEL stands at NM times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.1 times.

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UTTAM GALVA STEEL Announces Quarterly Results (1QFY20); Net Profit Up 28.0% (Quarterly Result Update)

Jul 22, 2019 | Updated on Jul 22, 2019

For the quarter ended June 2019, UTTAM GALVA STEEL has posted a net profit of Rs 3 bn (up 28.0% YoY). Sales on the other hand came in at Rs 973 m (up 5.9% YoY). Read on for a complete analysis of UTTAM GALVA STEEL's quarterly results.

UTTAM GALVA STEEL Announces Quarterly Results (4QFY19); Net Profit Down 119.6% (Quarterly Result Update)

Apr 22, 2019 | Updated on Apr 22, 2019

For the quarter ended March 2019, UTTAM GALVA STEEL has posted a net profit of Rs 6 bn (down 119.6% YoY). Sales on the other hand came in at Rs 3 bn (up 306.5% YoY). Read on for a complete analysis of UTTAM GALVA STEEL's quarterly results.

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