63 MOONS TECH. Announces Quarterly Results (4QFY19); Net Profit Up 44.5%

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63 MOONS TECH. Announces Quarterly Results (4QFY19); Net Profit Up 44.5%
Mon, 3 Jun

63 MOONS TECH. has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

63 MOONS TECH. Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m308401333-17.0%8.2%
Other incomeRs m4884264290.7%-12.2%
TurnoverRs m796827762-7.9%-4.3%
ExpensesRs m58066677215.8%33.1%
Gross profitRs m-587-579-491
DepreciationRs m5046462.0%-7.0%
InterestRs m11132-83.4%-80.2%
Profit before taxRs m-159-212-111
TaxRs m1351-15-129.8%-216.9%
Profit after taxRs m-173-263-96
Gross profit margin%-190.8-144.3-147.5
Effective tax rate%-8.2-24.213.8
Net profit margin%-21.7-31.8-12.6
* 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 8.2% on a year-on-year (YoY) basis. The expenses were up by 33.1% YoY during the same period.
  • The company's operating profit declined by 16.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 147.5% in 4QFY19 as against 190.8% in 4QFY18.
  • Depreciation charges declined by 7.0% and finance costs declined by 80.2% YoY, respectively.
  • Other income declined by 12.2% YoY during the quarter.
  • Net profit for the quarter increased by 44.5% YoY. Net profit margins during the quarter increased from -21.7% in 4QFY18 to -12.6% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 17.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 15.8% QoQ during the same period.
  • The company's operating profit declined by 15.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 147.5% in 4QFY19 as against 144.3% in 3QFY18.
  • Net profit for the quarter increased by 63.7% QoQ, while net profit margins increased from -31.8% in 3QFY18 to -12.6% in 4QFY19.

To see how 63 MOONS TECH. has performed over the last eight quarters, please visit here.

63 MOONS TECH. Share Price Performance

Over the last one year, 63 MOONS TECH. share price has moved up from Rs 75.7 to Rs 131.4, registering a Gain of Rs 55.7 or around 73.6%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,920.0 (up 0.9%). Over the last one year it has moved up from 13,326.2 to 15,920.0, a gain of 2,594 points (up 19.5%).

Overall, the S&P BSE SENSEX is up 13.2% over the year.

Current Valuations

At the current price of Rs 131.4, the price to earnings (P/E) ratio of 63 MOONS TECH. stands at 6510.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.3 times.

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Related Views on News

63 MOONS TECH. Announces Quarterly Results (1QFY20); Net Profit Down 104.6% (Quarterly Result Update)

Aug 13, 2019 | Updated on Aug 13, 2019

For the quarter ended June 2019, 63 MOONS TECH. has posted a net profit of Rs 16 m (down 104.6% YoY). Sales on the other hand came in at Rs 326 m (down 22.2% YoY). Read on for a complete analysis of 63 MOONS TECH. 's quarterly results.

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