SITI NETWORKS LTD Announces Quarterly Results (2QFY19); Net Profit Up 8.1%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

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 ChangeYoY Change
Net SalesRs m3,5233,5013,86710.5%9.8%
Other incomeRs m402468184.3%72.2%
TurnoverRs m3,5633,5243,93611.7%10.5%
ExpensesRs m2,8512,7333,06612.2%7.5%
Gross profitRs m6167428028.0%30.2%
DepreciationRs m7928889244.0%16.7%
InterestRs m371445404-9.3%8.7%
Profit before taxRs m-508-568-458
TaxRs m16-12447.5%
Profit after taxRs m-524-567-482
Gross profit margin%17.521.220.7
Effective tax rate%-3.10.2-5.1
Net profit margin%-14.7-16.1-12.2
* 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 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.

Equitymaster requests your view! Post a comment on "SITI NETWORKS LTD Announces Quarterly Results (2QFY19); Net Profit Up 8.1%". Click here!

  

Related Views on News

SITI NETWORKS LTD Announces Quarterly Results (1QFY20); Net Profit Up 11.9% (Quarterly Result Update)

Aug 14, 2019 | Updated on Aug 14, 2019

For the quarter ended June 2019, SITI NETWORKS LTD has posted a net profit of Rs 499 m (up 11.9% YoY). Sales on the other hand came in at Rs 4 bn (up 12.0% YoY). Read on for a complete analysis of SITI NETWORKS LTD's quarterly results.

SITI NETWORKS LTD Announces Quarterly Results (4QFY19); Net Profit Down 74.9% (Quarterly Result Update)

Jun 13, 2019 | Updated on Jun 13, 2019

For the quarter ended March 2019, SITI NETWORKS LTD has posted a net profit of Rs 1 bn (down 74.9% YoY). Sales on the other hand came in at Rs 3 bn (down 10.2% YoY). Read on for a complete analysis of SITI NETWORKS LTD's quarterly results.

More Views on News

Most Popular

Could this Smallcap Be the Next Page Industries?(Profit Hunter)

Nov 27, 2019

A single stock - Coca Cola, made Buffett billions. Here's your chance to break into the crorepati club with a single smallcap stock investment.

How We Made 12.68% in One Overnight Trade(The 5 Minute Wrapup)

Nov 25, 2019

This one trade had my subscribers laughing all the way to the bank.

Growth Stocks or Value Stocks... What Will Make You More Money in this Bull Market?(Profit Hunter)

Nov 28, 2019

Should you invest in growth stocks or value stocks to make strong returns in this market?

Two Trends to Look at as Sensex Crosses 41,000 Levels(Views On News)

Nov 26, 2019

The two trends that are playing out as Sensex touches new record high.

The Best Trading Strategy for Fast Profits

Nov 29, 2019

Vijay and I have decided to team up and bring you a unique offering never seen before in the Indian stock markets.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2020
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

SITI NETWORKS LTD SHARE PRICE


Dec 6, 2019 (Close)

TRACK SITI NETWORKS LTD

  • Track your investment in SITI NETWORKS LTD with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON SITI NETWORKS LTD

SITI NETWORKS LTD 5-YR ANALYSIS

COMPARE SITI NETWORKS LTD WITH

MARKET STATS