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MONSANTO INDIA Announces Quarterly Results (2QFY19); Net Profit Up 477.0%

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MONSANTO INDIA Announces Quarterly Results (2QFY19); Net Profit Up 477.0%
Fri, 9 Nov

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

MONSANTO INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m9602,6061,284-50.8%33.7%
Other incomeRs m42385136.1%21.6%
TurnoverRs m1,0022,6441,335-49.5%33.2%
ExpensesRs m1,0781,8921,057-44.1%-2.0%
Gross profitRs m-118714227-68.3%
DepreciationRs m283030-1.7%6.9%
InterestRs m33313.8%13.8%
Profit before taxRs m-107719245-65.9%
TaxRs m-43594-92.8%
Profit after taxRs m-64660241-63.5%
Gross profit margin%-12.327.417.7
Effective tax rate%40.18.21.7
Net profit margin%-6.425.018.0
* 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 33.7% on a year-on-year (YoY) basis. The expenses were down by 2.0% YoY during the same period.
  • The company's operating profit declined by 291.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.7% in 2QFY19 as against 12.3% in 2QFY18.
  • Depreciation charges increased by 6.9% and finance costs increased by 13.8% YoY, respectively.
  • Other income increased by 21.6% YoY during the quarter.
  • Net profit for the quarter increased by 477.0% YoY. Net profit margins during the quarter increased from -6.4% in 2QFY18 to 18.0% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 50.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 44.1% QoQ during the same period.
  • The company's operating profit declined by 68.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.7% in 2QFY19 as against 27.4% in 1QFY18.
  • Net profit for the quarter declined by 63.5% QoQ, while net profit margins declined from 25.0% in 1QFY18 to 18.0% in 2QFY19.

To see how MONSANTO INDIA has performed over the last eight quarters, please visit here.

MONSANTO INDIA Share Price Performance

Over the last one year, MONSANTO INDIA share price has moved up from Rs 2,462.7 to Rs 2,590.0, registering a Gain of Rs 127.3 or around 5.2%.

Overall, the S&P BSE SENSEX is up 5.3% over the year.

Current Valuations

At the current price of Rs 2,590.0, the price to earnings (P/E) ratio of MONSANTO INDIA stands at 21.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.0 times.

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