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BANCO PROD. Announces Quarterly Results (4QFY18); Net Profit Up 283.8%

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BANCO PROD. Announces Quarterly Results (4QFY18); Net Profit Up 283.8%
Wed, 20 Jun

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

BANCO PROD. Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m3,1303,1972,975-6.9%-4.9%
Other incomeRs m7346108132.3%47.1%
TurnoverRs m3,2033,2433,083-4.9%-3.7%
ExpensesRs m2,9702,9162,499-14.3%-15.9%
Gross profitRs m16028147769.6%198.1%
DepreciationRs m818282-0.5%1.0%
InterestRs m5558.3%8.3%
Profit before taxRs m147240497106.9%237.6%
TaxRs m77-54228195.5%
Profit after taxRs m70295270-8.4%283.8%
Gross profit margin%5.18.816.0
Effective tax rate%52.3-22.645.7
Net profit margin%2.29.18.8
* 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 fell 4.9% on a year-on-year (YoY) basis. The expenses were down by 15.9% YoY during the same period.
  • The company's operating profit increased by 198.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.0% in 4QFY18 as against 5.1% in 4QFY17.
  • Depreciation charges and finance costs increased by 1.0% YoY and 8.3% YoY, respectively.
  • Other income increased by 47.1% YoY during the quarter.
  • Net profit for the quarter increased by 283.8% YoY. Net profit margins during the quarter increased from 2.2% in 4QFY17 to 8.8% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 6.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 14.3% QoQ during the same period.
  • The company's operating profit increased by 69.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.0% in 4QFY18 as against 8.8% in 3QFY17.
  • Net profit for the quarter declined by 8.4% QoQ, while net profit margins same from 9.1% in 3QFY17 to 8.8% in 4QFY18.

To see how BANCO PROD. has performed over the last eight quarters, please visit here.

BANCO PROD. Share Price Performance

Over the last one year, BANCO PROD. share price has moved up from Rs 227.4 to Rs 215.5, registering a Loss of Rs -11.9 or around 5.2%.

Overall, the S&P BSE SENSEX is up 0.5% over the year.

Current Valuations

At the current price of Rs 215.5, the price to earnings (P/E) ratio of BANCO PROD. stands at 13.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.2 times.

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BANCO PROD. Announces Quarterly Results (1QFY19); Net Profit Up 37.3% (Quarterly Result Update)

Aug 8, 2018 | Updated on Aug 8, 2018

For the quarter ended June 2018, BANCO PROD. has posted a net profit of Rs 312 m (up 37.3% YoY). Sales on the other hand came in at Rs 5 bn (up 18.8% YoY). Read on for a complete analysis of BANCO PROD.'s quarterly results.

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