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- SITI NETWORKS LTD Announces Quarterly Results (2QFY19); Net Profit Up 8.1%
SITI NETWORKS LTD Announces Quarterly Results (2QFY19); Net Profit Up 8.1%
Mon, 12 Nov
SITI NETWORKS LTD has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:
SITI NETWORKS LTD Quarterly Financials
| No. of Mths Qtr. Ending | 3 Sep-17* | 3 Jun-18* | 3 Sep-18* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 3,523 | 3,501 | 3,867 | 10.5% | 9.8% |
| Other income | Rs m | 40 | 24 | 68 | 184.3% | 72.2% |
| Turnover | Rs m | 3,563 | 3,524 | 3,936 | 11.7% | 10.5% |
| Expenses | Rs m | 2,851 | 2,733 | 3,066 | 12.2% | 7.5% |
| Gross profit | Rs m | 616 | 742 | 802 | 8.0% | 30.2% |
| Depreciation | Rs m | 792 | 888 | 924 | 4.0% | 16.7% |
| Interest | Rs m | 371 | 445 | 404 | -9.3% | 8.7% |
| Profit before tax | Rs m | -508 | -568 | -458 | ||
| Tax | Rs m | 16 | -1 | 24 | 47.5% | |
| Profit after tax | Rs m | -524 | -567 | -482 | ||
| Gross profit margin | % | 17.5 | 21.2 | 20.7 | ||
| Effective tax rate | % | -3.1 | 0.2 | -5.1 | ||
| Net profit margin | % | -14.7 | -16.1 | -12.2 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter grew 9.8% on a year-on-year (YoY) basis. The expenses were up by 7.5% YoY during the same period.
- The company's operating profit increased by 30.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.7% in 2QFY19 as against 17.5% in 2QFY18.
- Depreciation charges increased by 16.7% and finance costs increased by 8.7% YoY, respectively.
- Other income increased by 72.2% YoY during the quarter.
- Net profit for the quarter increased by 8.1% YoY. Net profit margins during the quarter increased from -14.7% in 2QFY18 to -12.2% in 2QFY19.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter grew 10.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 12.2% QoQ during the same period.
- The company's operating profit declined by 8.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 20.7% in 2QFY19 as against 21.2% in 1QFY18.
- Net profit for the quarter increased by 14.9% QoQ, while net profit margins increased from -16.1% in 1QFY18 to -12.2% in 2QFY19.
To see how SITI NETWORKS LTD has performed over the last eight quarters, please visit here.
SITI NETWORKS LTD Share Price Performance
Over the last one year, SITI NETWORKS LTD share price has moved up from Rs 25.2 to Rs 10.0, registering a Loss of Rs 15.2 or around 60.4%.
Meanwhile, the S&P BSE TECK Index is trading at Rs 7,176.4 (up 1.1%). Over the last one year it has moved up from 6,122.4 to 7,176.4, a gain of 1,054 points (up 17.2%).
Overall, the S&P BSE SENSEX is up 5.6% over the year.
Current Valuations
At the current price of Rs 10.0, the price to book value (P/BV) ratio of SITI NETWORKS LTD stands at 1.8 times.
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SITI NETWORKS LTD Announces Quarterly Results (3QFY19); Net Profit Down 11.5% (Quarterly Result Update)
Feb 22, 2019 | Updated on Feb 22, 2019For the quarter ended December 2018, SITI NETWORKS LTD has posted a net profit of Rs 358 m (down 11.5% YoY). Sales on the other hand came in at Rs 4 bn (up 8.0% YoY). Read on for a complete analysis of SITI NETWORKS LTD's quarterly results.
SITI NETWORKS LTD Announces Quarterly Results (1QFY19); Net Profit Up 271.6% (Quarterly Result Update)
Aug 10, 2018 | Updated on Aug 10, 2018For the quarter ended June 2018, SITI NETWORKS LTD has posted a net profit of Rs 567 m (up 271.6% YoY). Sales on the other hand came in at Rs 4 bn (down 4.1% YoY). Read on for a complete analysis of SITI NETWORKS LTD's quarterly results.
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