MUKAND LIMITED Announces Quarterly Results (3QFY19); Net Profit Up 40.7%
Thu, 14 Feb

MUKAND LIMITED has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

MUKAND LIMITED Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m7,8999,9309,351-5.8%18.4%
Other incomeRs m32127121-4.8%277.9%
TurnoverRs m7,93110,0579,473-5.8%19.4%
ExpensesRs m7,5229,4718,891-6.1%18.2%
Gross profitRs m2864594600.3%60.7%
DepreciationRs m13714116013.3%16.3%
InterestRs m6737297634.7%13.4%
Profit before taxRs m-492-283-341
TaxRs m-151-88-139
Profit after taxRs m-341-195-202
Gross profit margin%3.64.64.9
Effective tax rate%30.631.140.6
Net profit margin%-4.3-1.9-2.1
* 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 18.4% on a year-on-year (YoY) basis. The expenses were up by 18.2% YoY during the same period.
  • The company's operating profit increased by 60.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 4.9% in 3QFY19 as against 3.6% in 3QFY18.
  • Depreciation charges increased by 16.3% and finance costs increased by 13.4% YoY, respectively.
  • Other income increased by 277.9% YoY during the quarter.
  • Net profit for the quarter increased by 40.7% YoY. Net profit margins during the quarter increased from -4.3% in 3QFY18 to -2.1% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.1% QoQ during the same period.
  • The company's operating profit increased by 0.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 4.9% in 3QFY19 as against 4.6% in 2QFY18.
  • Net profit for the quarter declined by 3.7% QoQ, while net profit margins declined from -1.9% in 2QFY18 to -2.1% in 3QFY19.

To see how MUKAND LIMITED has performed over the last eight quarters, please visit here.

MUKAND LIMITED Share Price Performance

Over the last one year, MUKAND LIMITED share price has moved up from Rs 85.7 to Rs 45.4, registering a Loss of Rs 40.3 or around 47.1%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 10,245.2 (down 0.2%). Over the last one year it has moved down from 15,257.0 to 10,245.2, a gain of 5,012 points (down 32.8%).

Overall, the S&P BSE SENSEX is up 5.4% over the year.

Current Valuations

At the current price of Rs 45.4, the price to earnings (P/E) ratio of MUKAND LIMITED stands at 11.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.