SITI NETWORKS LTD Announces Quarterly Results (4QFY18); Net Profit Up 9.0%

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SITI NETWORKS LTD Announces Quarterly Results (4QFY18); Net Profit Up 9.0%
Fri, 20 Jul

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

SITI NETWORKS LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m3,2553,5753,557-0.5%9.3%
Other incomeRs m1157414-81.7%-88.3%
TurnoverRs m3,3703,6483,570-2.1%5.9%
ExpensesRs m2,6762,8732,684-6.6%0.3%
Gross profitRs m377700557-20.5%47.5%
DepreciationRs m6678369088.7%36.1%
InterestRs m33831338021.7%12.5%
Profit before taxRs m-513-374-718
TaxRs m135-53-12-108.8%
Profit after taxRs m-648-321-706
Gross profit margin%11.619.615.6
Effective tax rate%-26.414.21.7
Net profit margin%-19.2-8.8-19.8
* 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 9.3% on a year-on-year (YoY) basis. The expenses were up by 0.3% YoY during the same period.
  • The company's operating profit increased by 47.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.6% in 4QFY18 as against 11.6% in 4QFY17.
  • Depreciation charges and finance costs increased by 36.1% YoY and 12.5% YoY, respectively.
  • Other income declined by 88.3% YoY during the quarter.
  • Net profit for the quarter increased by 9.0% YoY. Net profit margins during the quarter declined from -19.2% in 4QFY17 to 19.8% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.6% QoQ during the same period.
  • The company's operating profit declined by 20.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.6% in 4QFY18 as against 19.6% in 3QFY17.
  • Net profit for the quarter increased by 120.1% QoQ, while net profit margins declined from 8.8% in 3QFY17 to 19.8% in 4QFY18.

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 26.1 to Rs 10.8, registering a Loss of Rs -15.2 or around 58.5%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,373.9 (up 1.6%). Over the last one year it has moved up from 5,776.2 to 7,373.9, a gain of 1,597.7 points (up 27.7%).

Overall, the S&P BSE SENSEX is up 0.5% over the year.

Current Valuations

At the current price of Rs 10.8, the price to earnings (P/E) ratio of SITI NETWORKS LTD stands at NM times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.2 times.

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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.

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