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

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UTTAM GALVA STEEL Announces Quarterly Results (4QFY19); Net Profit Down 119.6%
Mon, 22 Apr

UTTAM GALVA STEEL has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

UTTAM GALVA STEEL Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m6309882,561159.3%306.5%
Other incomeRs m23713109752.3%-54.0%
TurnoverRs m8671,0012,670166.9%207.9%
ExpensesRs m1,2081,1822,896144.9%139.7%
Gross profitRs m-578-195-6,028
DepreciationRs m633637623-2.2%-1.6%
InterestRs m1,9802,919-55-101.9%-102.8%
Profit before taxRs m-2,954-3,738-6,487
TaxRs m0000.0%0.0%
Profit after taxRs m-2,954-3,738-6,487
Gross profit margin%-91.7-19.7-235.3
Effective tax rate%0.00.00.0
Net profit margin%-340.6-373.6-242.9
* 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 306.5% on a year-on-year (YoY) basis. The expenses were up by 139.7% YoY during the same period.
  • The company's operating profit increased by 942.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 235.3% in 4QFY19 as against 91.7% in 4QFY18.
  • Depreciation charges declined by 1.6% and finance costs declined by 102.8% YoY, respectively.
  • Other income declined by 54.0% YoY during the quarter.
  • Net profit for the quarter declined by 119.6% YoY. Net profit margins during the quarter increased from -340.6% in 4QFY18 to -242.9% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 159.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 144.9% QoQ during the same period.
  • The company's operating profit declined by 2997.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 235.3% in 4QFY19 as against 19.7% in 3QFY18.
  • Net profit for the quarter declined by 73.5% QoQ, while net profit margins increased from -373.8% in 3QFY18 to -242.9% in 4QFY19.

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 14.0 to Rs 10.0, registering a Loss of Rs 3.9 or around 28.0%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 11,537.3 (down 0.6%). Over the last one year it has moved down from 14,732.0 to 11,537.3, a gain of 3,195 points (down 21.7%).

Overall, the S&P BSE SENSEX is up 13.2% over the year.

Current Valuations

At the current price of Rs 10.0, the price to book value (P/BV) ratio of UTTAM GALVA STEEL stands at 0.1 times.

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Related Views on News

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 (3QFY19); Net Profit Down 107.7% (Quarterly Result Update)

Feb 13, 2019 | Updated on Feb 13, 2019

For the quarter ended December 2018, UTTAM GALVA STEEL has posted a net profit of Rs 4 bn (down 107.7% YoY). Sales on the other hand came in at Rs 988 m (down 85.2% YoY). Read on for a complete analysis of UTTAM GALVA STEEL's quarterly results.

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