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MERCATOR LTD Announces Quarterly Results (4QFY19); Net Profit Down 350.6%
Fri, 7 Jun

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

MERCATOR LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m9702,669547-79.5%-43.5%
Other incomeRs m1701,60794-94.1%-44.4%
TurnoverRs m1,1404,277642-85.0%-43.7%
ExpensesRs m9835,1581,152-77.7%17.2%
Gross profitRs m-13-2,489-2,418
DepreciationRs m112406212-47.7%89.2%
InterestRs m255325265-18.4%4.0%
Profit before taxRs m-210-1,612-2,801
TaxRs m4158616-81.3%-96.1%
Profit after taxRs m-625-1,697-2,817
Gross profit margin%-1.4-93.2-441.7
Effective tax rate%-197.1-5.3-0.6
Net profit margin%-54.9-39.7-438.9
* 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 43.5% on a year-on-year (YoY) basis. The expenses were up by 17.2% YoY during the same period.
  • The company's operating profit increased by 18081.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 441.7% in 4QFY19 as against 1.4% in 4QFY18.
  • Depreciation charges increased by 89.2% and finance costs increased by 4.0% YoY, respectively.
  • Other income declined by 44.4% YoY during the quarter.
  • Net profit for the quarter declined by 350.6% YoY. Net profit margins during the quarter declined from -54.9% in 4QFY18 to -438.9% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 79.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 77.7% QoQ during the same period.
  • The company's operating profit declined by 2.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 441.7% in 4QFY19 as against 93.2% in 3QFY18.
  • Net profit for the quarter declined by 66.0% QoQ, while net profit margins declined from -39.7% in 3QFY18 to -438.9% in 4QFY19.

To see how MERCATOR LTD has performed over the last eight quarters, please visit here.

MERCATOR LTD Share Price Performance

Over the last one year, MERCATOR LTD share price has moved up from Rs 24.0 to Rs 2.1, registering a Loss of Rs 21.9 or around 91.4%.

Overall, the S&P BSE SENSEX is up 11.9% over the year.

Current Valuations

At the current price of Rs 2.1, the price to book value (P/BV) ratio of MERCATOR LTD stands at 0.0 times.