X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
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 (3QFY19); Net Profit Down 11.5% (Quarterly Result Update)

Feb 22, 2019 | Updated on Feb 22, 2019

For 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, 2018

For 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.

GTPL Hathway Ltd. (IPO)

Jun 21, 2017

Should one subscribe to the IPO of GTPL Hathway Ltd?

S Chand and Company Ltd. (IPO)

Apr 26, 2017

Should you subscribe to the IPO of S Chand and Company Limited?

More Views on News

Most Popular

Stocks that Could Be Out of Reach Post Elections(The 5 Minute Wrapup)

Apr 9, 2019

It's a matter of time before the stocks catch the fancy of the markets and big investors.

3 Indian Stocks with Amazon-Like Potential(Profit Hunter)

Apr 10, 2019

We have identified 3 stocks with huge wealth building potential which meet our 'Click of a Button' criteria.

This Company is Making a Big Comeback and You Can Now Profit from Its Example(The 5 Minute Wrapup)

Apr 10, 2019

How Dell got its mojo back.

This is Why the Stock of Jubilant FoodWorks Went Up 1,160%(The 5 Minute Wrapup)

Apr 12, 2019

This critical business strategy has enabled companies to scale their operations faster.

Pocketing Massive Gains with HDFC And HDFC Bank(Profit Hunter)

Apr 12, 2019

Here's how one could have generated gains of Rs 59,250 in 10 days by trading HDFC and HDFC Bank with a capital of Rs 4 lakh.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
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


Apr 18, 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 8-QTR ANALYSIS

COMPARE SITI NETWORKS LTD WITH

MARKET STATS