MAYUR UNIQUOTERS Announces Quarterly Results (4QFY19); Net Profit Down 18.1%
Fri, 14 Jun

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

MAYUR UNIQUOTERS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m1,3551,6081,237-23.1%-8.7%
Other incomeRs m504746-2.4%-7.0%
TurnoverRs m1,4051,6561,284-22.5%-8.7%
ExpensesRs m1,0141,269970-23.6%-4.4%
Gross profitRs m341340267-21.3%-21.6%
DepreciationRs m4445463.8%6.7%
InterestRs m33-5-259.6%-269.2%
Profit before taxRs m345340272-20.0%-21.2%
TaxRs m10312274-39.5%-28.5%
Profit after taxRs m242218198-9.0%-18.1%
Gross profit margin%25.221.121.6
Effective tax rate%30.036.027.2
Net profit margin%17.213.115.4
* 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 8.7% on a year-on-year (YoY) basis. The expenses were down by 4.4% YoY during the same period.
  • The company's operating profit declined by 21.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21.6% in 4QFY19 as against 25.2% in 4QFY18.
  • Depreciation charges increased by 6.7% and finance costs declined by 269.2% YoY, respectively.
  • Other income declined by 7.0% YoY during the quarter.
  • Net profit for the quarter declined by 18.1% YoY. Net profit margins during the quarter declined from 17.2% in 4QFY18 to 15.4% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 23.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 23.6% QoQ during the same period.
  • The company's operating profit increased by 21.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.6% in 4QFY19 as against 21.1% in 3QFY18.
  • Net profit for the quarter declined by 9.0% QoQ, while net profit margins increased from 13.2% in 3QFY18 to 15.4% in 4QFY19.

To see how MAYUR UNIQUOTERS has performed over the last eight quarters, please visit here.

MAYUR UNIQUOTERS Share Price Performance

Over the last one year, MAYUR UNIQUOTERS share price has moved up from Rs 447.4 to Rs 295.0, registering a Loss of Rs 152.4 or around 34.1%.

Overall, the S&P BSE SENSEX is up 10.9% over the year.

Current Valuations

At the current price of Rs 295.0, the price to earnings (P/E) ratio of MAYUR UNIQUOTERS stands at 14.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.8 times.