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UTTAM GALVA STEEL Announces Quarterly Results (3QFY19); Net Profit Down 107.7%

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UTTAM GALVA STEEL Announces Quarterly Results (3QFY19); Net Profit Down 107.7%
Wed, 13 Feb

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

UTTAM GALVA STEEL Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m6,6691,097988-10.0%-85.2%
Other incomeRs m1361613-18.5%-90.6%
TurnoverRs m6,8051,1131,001-10.1%-85.3%
ExpensesRs m6,7361,0991,1827.6%-82.4%
Gross profitRs m-67-1,788-195
DepreciationRs m6556376370.0%-2.7%
InterestRs m1,2133,3972,919-14.0%140.6%
Profit before taxRs m-1,800-5,806-3,738
TaxRs m0000.0%0.0%
Profit after taxRs m-1,800-5,806-3,738
Gross profit margin%-1.0-162.9-19.7
Effective tax rate%0.00.00.0
Net profit margin%-26.4-521.7-373.6
* 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 85.2% on a year-on-year (YoY) basis. The expenses were down by 82.4% YoY during the same period.
  • The company's operating profit increased by 188.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.7% in 3QFY19 as against 1.0% in 3QFY18.
  • Depreciation charges declined by 2.7% and finance costs increased by 140.6% YoY, respectively.
  • Other income declined by 90.6% YoY during the quarter.
  • Net profit for the quarter declined by 107.7% YoY. Net profit margins during the quarter declined from -26.4% in 3QFY18 to -373.6% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 10.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.6% QoQ during the same period.
  • The company's operating profit increased by 89.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.7% in 3QFY19 as against 162.9% in 2QFY18.
  • Net profit for the quarter increased by 35.6% QoQ, while net profit margins increased from -521.7% in 2QFY18 to -373.6% in 3QFY19.

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 21.1 to Rs 10.5, registering a Loss of Rs 10.6 or around 50.4%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 10,332.3 (down 0.4%). Over the last one year it has moved down from 15,253.5 to 10,332.3, a gain of 4,921 points (down 32.3%).

Overall, the S&P BSE SENSEX is up 5.7% over the year.

Current Valuations

At the current price of Rs 10.5, the price to book value (P/BV) ratio of UTTAM GALVA STEEL stands at 0.1 times.

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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.

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

Jul 26, 2018 | Updated on Jul 26, 2018

For the quarter ended June 2018, UTTAM GALVA STEEL has posted a net profit of Rs 4 bn (up 90.2% YoY). Sales on the other hand came in at Rs 918 m (down 90.9% YoY). Read on for a complete analysis of UTTAM GALVA STEEL's quarterly results.

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