ALLSEC TEC Announces Quarterly Results (4QFY18); Net Profit Down 19.9%
Wed, 6 Jun

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

ALLSEC TEC Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m805887608-31.5%-24.5%
Other incomeRs m16632430.0%95.1%
TurnoverRs m821893640-28.4%-22.1%
ExpensesRs m642712509-28.4%-20.7%
Gross profitRs m16417598-43.9%-40.0%
DepreciationRs m171111-3.6%-37.6%
InterestRs m131-72.4%-38.5%
Profit before taxRs m162167119-29.1%-26.7%
TaxRs m715-5-132.5%-167.6%
Profit after taxRs m154152124-18.6%-19.9%
Gross profit margin%20.419.816.2
Effective tax rate%4.69.2-4.2
Net profit margin%18.817.019.3
* 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 fell 24.5% on a year-on-year (YoY) basis. The expenses were down by 20.7% YoY during the same period.
  • The company's operating profit declined by 40.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.2% in 4QFY18 as against 20.4% in 4QFY17.
  • Depreciation charges and finance costs declined by 37.6% YoY and 38.5% YoY, respectively.
  • Other income increased by 95.1% YoY during the quarter.
  • Net profit for the quarter declined by 19.9% YoY. Net profit margins during the quarter increased from 18.8% in 4QFY17 to 19.3% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 31.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 28.4% QoQ during the same period.
  • The company's operating profit increased by 43.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.2% in 4QFY18 as against 19.8% in 3QFY17.
  • Net profit for the quarter declined by 18.6% QoQ, while net profit margins increased from 17.0% in 3QFY17 to 19.3% in 4QFY18.

To see how ALLSEC TEC has performed over the last eight quarters, please visit here.

ALLSEC TEC Share Price Performance

Over the last one year, ALLSEC TEC share price has moved up from Rs 331.1 to Rs 283.0, registering a Loss of Rs -48.1 or around 14.5%.

Meanwhile, the S&P BSE IT Index is trading at Rs 13,305.7 (up 1.0%). Over the last one year it has moved up from 10,522.4 to 13,305.7, a gain of 2,783.3 points (up 26.5%).

Overall, the S&P BSE SENSEX is up 0.8% over the year.

Current Valuations

At the current price of Rs 283.0, the price to earnings (P/E) ratio of ALLSEC TEC stands at 7.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.7 times.