FINOLEX CABLES Announces Quarterly Results (2QFY19); Net Profit Down 6.8%
Fri, 16 Nov

FINOLEX CABLES has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

FINOLEX CABLES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m6,8807,9127,140-9.8%3.8%
Other incomeRs m547201584190.6%6.8%
TurnoverRs m7,4278,1137,724-4.8%4.0%
ExpensesRs m5,8916,6146,281-5.0%6.6%
Gross profitRs m9881,298858-33.9%-13.2%
DepreciationRs m1159711013.2%-3.8%
InterestRs m0336.7%0.0%
Profit before taxRs m1,4211,3981,329-5.0%-6.4%
TaxRs m424495400-19.2%-5.6%
Profit after taxRs m9979039292.8%-6.8%
Gross profit margin%14.416.412.0
Effective tax rate%29.835.430.1
Net profit margin%13.411.112.0
* 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 3.8% on a year-on-year (YoY) basis. The expenses were up by 6.6% YoY during the same period.
  • The company's operating profit declined by 13.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.0% in 2QFY19 as against 14.4% in 2QFY18.
  • Depreciation charges declined by 3.8% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 6.8% YoY during the quarter.
  • Net profit for the quarter declined by 6.8% YoY. Net profit margins during the quarter declined from 13.4% in 2QFY18 to 12.0% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 9.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 5.0% QoQ during the same period.
  • The company's operating profit declined by 33.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.0% in 2QFY19 as against 16.4% in 1QFY18.
  • Net profit for the quarter increased by 2.8% QoQ, while net profit margins increased from 11.1% in 1QFY18 to 12.0% in 2QFY19.

To see how FINOLEX CABLES has performed over the last eight quarters, please visit here.

FINOLEX CABLES Share Price Performance

Over the last one year, FINOLEX CABLES share price has moved up from Rs 620.2 to Rs 489.9, registering a Loss of Rs 130.3 or around 21.0%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,447.2 (up 0.1%). Over the last one year it has moved up from 18,153.9 to 18,447.2, a gain of 293 points (up 1.6%).

Overall, the S&P BSE SENSEX is up 8.3% over the year.

Current Valuations

At the current price of Rs 489.9, the price to earnings (P/E) ratio of FINOLEX CABLES stands at 22.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.1 times.