SINTEX IND. Announces Quarterly Results (1QFY19); Net Profit Up 11.5%
Thu, 26 Jul

SINTEX IND. has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

SINTEX IND. Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m6,8766,1739,25349.9%34.6%
Other incomeRs m32547553011.6%63.2%
TurnoverRs m7,2006,6479,78347.2%35.9%
ExpensesRs m6,1185,2428,15455.5%33.3%
Gross profitRs m7579301,10018.2%45.2%
DepreciationRs m33939553134.2%56.4%
InterestRs m26636447630.8%79.4%
Profit before taxRs m477646622-3.6%30.4%
TaxRs m12771231224.3%82.8%
Profit after taxRs m351574391-31.9%11.5%
Gross profit margin%11.015.111.9
Effective tax rate%26.511.037.1
Net profit margin%4.98.64.0
* 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 34.6% on a year-on-year (YoY) basis. The expenses were up by 33.3% YoY during the same period.
  • The company's operating profit increased by 45.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.9% in 1QFY19 as against 11.0% in 1QFY18.
  • Depreciation charges and finance costs increased by 56.4% YoY and 79.4% YoY, respectively.
  • Other income increased by 63.2% YoY during the quarter.
  • Net profit for the quarter increased by 11.5% YoY. Net profit margins during the quarter declined from 4.9% in 1QFY18 to 4.0% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 49.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 55.5% QoQ during the same period.
  • The company's operating profit declined by 18.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.9% in 1QFY19 as against 15.1% in 4QFY18.
  • Net profit for the quarter declined by 31.9% QoQ, while net profit margins declined from 8.6% in 4QFY18 to 4.0% in 1QFY19.

To see how SINTEX IND. has performed over the last eight quarters, please visit here.

SINTEX IND. Share Price Performance

Over the last one year, SINTEX IND. share price has moved up from Rs 36.5 to Rs 14.1, registering a Loss of Rs 22.4 or around 61.4%.

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 14.1, the price to earnings (P/E) ratio of SINTEX IND. stands at 4.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.2 times.