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SITI NETWORKS LTD Announces Quarterly Results (3QFY19); Net Profit Down 11.5%

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SITI NETWORKS LTD Announces Quarterly Results (3QFY19); Net Profit Down 11.5%
Fri, 22 Feb

SITI NETWORKS LTD has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

SITI NETWORKS LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m3,5753,8673,859-0.2%8.0%
Other incomeRs m746842-38.6%-43.4%
TurnoverRs m3,6483,9363,901-0.9%6.9%
ExpensesRs m2,8733,0662,860-6.7%-0.5%
Gross profitRs m70080299924.7%42.8%
DepreciationRs m8369249462.3%13.2%
InterestRs m3134044111.8%31.6%
Profit before taxRs m-374-458-316
TaxRs m-53244277.7%
Profit after taxRs m-321-482-358
Gross profit margin%19.620.725.9
Effective tax rate%14.2-5.1-13.2
Net profit margin%-8.8-12.2-9.2
* 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 8.0% on a year-on-year (YoY) basis. The expenses were down by 0.5% YoY during the same period.
  • The company's operating profit increased by 42.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.9% in 3QFY19 as against 19.6% in 3QFY18.
  • Depreciation charges increased by 13.2% and finance costs increased by 31.6% YoY, respectively.
  • Other income declined by 43.4% YoY during the quarter.
  • Net profit for the quarter declined by 11.5% YoY. Net profit margins during the quarter declined from -8.8% in 3QFY18 to -9.2% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.7% QoQ during the same period.
  • The company's operating profit increased by 24.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.9% in 3QFY19 as against 20.7% in 2QFY18.
  • Net profit for the quarter increased by 25.8% QoQ, while net profit margins increased from -12.2% in 2QFY18 to -9.2% in 3QFY19.

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 19.4 to Rs 3.5, registering a Loss of Rs 15.9 or around 81.9%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,514.5 (up 0.2%). Over the last one year it has moved up from 6,671.1 to 7,514.5, a gain of 843 points (up 12.6%).

Overall, the S&P BSE SENSEX is up 6.0% over the year.

Current Valuations

At the current price of Rs 3.5, the price to book value (P/BV) ratio of SITI NETWORKS LTD stands at 0.6 times.

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

Nov 12, 2018 | Updated on Nov 12, 2018

For the quarter ended September 2018, SITI NETWORKS LTD has posted a net profit of Rs 482 m (up 8.1% YoY). Sales on the other hand came in at Rs 4 bn (up 9.8% 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.

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