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LOVABLE LINGERIE Announces Quarterly Results (2QFY19); Net Profit Down 56.3%

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LOVABLE LINGERIE Announces Quarterly Results (2QFY19); Net Profit Down 56.3%
Fri, 23 Nov

LOVABLE LINGERIE has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

LOVABLE LINGERIE Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m470549421-23.3%-10.4%
Other incomeRs m1116454.3%-48.9%
TurnoverRs m481550427-22.4%-11.3%
ExpensesRs m439496403-18.8%-8.2%
Gross profitRs m315319-65.2%-40.7%
DepreciationRs m8440.0%-54.9%
InterestRs m300100.0%-99.3%
Profit before taxRs m315020-59.4%-34.2%
TaxRs m-1106-34.4%
Profit after taxRs m324114-65.5%-56.3%
Gross profit margin%6.69.74.4
Effective tax rate%-3.019.631.7
Net profit margin%6.77.43.3
* 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 10.4% on a year-on-year (YoY) basis. The expenses were down by 8.2% YoY during the same period.
  • The company's operating profit declined by 40.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.4% in 2QFY19 as against 6.6% in 2QFY18.
  • Depreciation charges declined by 54.9% and finance costs declined by 99.3% YoY, respectively.
  • Other income declined by 48.9% YoY during the quarter.
  • Net profit for the quarter declined by 56.3% YoY. Net profit margins during the quarter declined from 6.7% in 2QFY18 to 3.3% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 23.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 18.8% QoQ during the same period.
  • The company's operating profit declined by 65.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.4% in 2QFY19 as against 9.7% in 1QFY18.
  • Net profit for the quarter declined by 65.5% QoQ, while net profit margins declined from 7.5% in 1QFY18 to 3.3% in 2QFY19.

To see how LOVABLE LINGERIE has performed over the last eight quarters, please visit here.

LOVABLE LINGERIE Share Price Performance

Over the last one year, LOVABLE LINGERIE share price has moved up from Rs 234.0 to Rs 102.3, registering a Loss of Rs 131.7 or around 56.3%.

Overall, the S&P BSE SENSEX is up 4.2% over the year.

Current Valuations

At the current price of Rs 102.3, the price to book value (P/BV) ratio of LOVABLE LINGERIE stands at 1.0 times.

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LOVABLE LINGERIE Announces Quarterly Results (3QFY19); Net Profit Down 9.0% (Quarterly Result Update)

Feb 25, 2019 | Updated on Feb 25, 2019

For the quarter ended December 2018, LOVABLE LINGERIE has posted a net profit of Rs 21 m (down 9.0% YoY). Sales on the other hand came in at Rs 507 m (up 27.4% YoY). Read on for a complete analysis of LOVABLE LINGERIE's quarterly results.

LOVABLE LINGERIE 2017-18 Annual Report Analysis (Annual Result Update)

Dec 18, 2018 | Updated on Dec 18, 2018

Here's an analysis of the annual report of LOVABLE LINGERIE for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of LOVABLE LINGERIE. Also includes updates on the valuation of LOVABLE LINGERIE.

LOVABLE LINGERIE Announces Quarterly Results (1QFY19); Net Profit Down 34.8% (Quarterly Result Update)

Aug 10, 2018 | Updated on Aug 10, 2018

For the quarter ended June 2018, LOVABLE LINGERIE has posted a net profit of Rs 41 m (down 34.8% YoY). Sales on the other hand came in at Rs 549 m (down 9.3% YoY). Read on for a complete analysis of LOVABLE LINGERIE's quarterly results.

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