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BIRLA CABLE LTD Announces Quarterly Results (4QFY18); Net Profit Up 366.9%

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BIRLA CABLE LTD Announces Quarterly Results (4QFY18); Net Profit Up 366.9%
Mon, 4 Jun

BIRLA CABLE LTD has announced its results for the quarter ended March 2018. Here is a detailed performance review of the same:

BIRLA CABLE LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m7578261,14338.3%50.9%
Other incomeRs m033-14.5%832.3%
TurnoverRs m7588301,14638.1%51.2%
ExpensesRs m70272398936.8%40.9%
Gross profitRs m5610315449.0%176.4%
DepreciationRs m1920213.4%7.4%
InterestRs m8613129.9%62.4%
Profit before taxRs m298112352.0%328.6%
TaxRs m1032345.9%252.5%
Profit after taxRs m19498982.2%366.9%
Gross profit margin%7.312.513.5
Effective tax rate%33.539.527.5
Net profit margin%2.55.97.8
* 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 50.9% on a year-on-year (YoY) basis. The expenses were up by 40.9% YoY during the same period.
  • The company's operating profit increased by 176.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.5% in 4QFY18 as against 7.3% in 4QFY17.
  • Depreciation charges and finance costs increased by 7.4% YoY and 62.4% YoY, respectively.
  • Other income increased by 832.3% YoY during the quarter.
  • Net profit for the quarter increased by 366.9% YoY. Net profit margins during the quarter increased from 2.5% in 4QFY17 to 7.8% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 38.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 36.8% QoQ during the same period.
  • The company's operating profit declined by 49.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.5% in 4QFY18 as against 12.5% in 3QFY17.
  • Net profit for the quarter increased by 82.2% QoQ, while net profit margins increased from 5.9% in 3QFY17 to 7.8% in 4QFY18.

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

BIRLA CABLE LTD Share Price Performance

Over the last one year, BIRLA CABLE LTD share price has moved up from Rs 41.8 to Rs 85.8, registering a Gain of Rs 44.1 or around 105.5%.

Overall, the S&P BSE SENSEX is down 0.6% over the year.

Current Valuations

At the current price of Rs 85.8, the price to earnings (P/E) ratio of BIRLA CABLE LTD stands at 16.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.8 times.

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Related Views on News

BIRLA CABLE LTD Announces Quarterly Results (2QFY19); Net Profit Up 492.2% (Quarterly Result Update)

Nov 20, 2018 | Updated on Nov 20, 2018

For the quarter ended September 2018, BIRLA CABLE LTD has posted a net profit of Rs 157 m (up 492.2% YoY). Sales on the other hand came in at Rs 1 bn (up 75.0% YoY). Read on for a complete analysis of BIRLA CABLE LTD's quarterly results.

BIRLA CABLE LTD Announces Quarterly Results (1QFY19); Net Profit Down 3460.2% (Quarterly Result Update)

Aug 13, 2018 | Updated on Aug 13, 2018

For the quarter ended June 2018, BIRLA CABLE LTD has posted a net profit of Rs 111 m (down 3460.2% YoY). Sales on the other hand came in at Rs 1 bn (up 127.8% YoY). Read on for a complete analysis of BIRLA CABLE LTD's quarterly results.

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