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MT EDUCARE Announces Quarterly Results (3QFY19); Net Profit Down 97.4%

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MT EDUCARE Announces Quarterly Results (3QFY19); Net Profit Down 97.4%
Mon, 21 Jan

MT EDUCARE has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

MT EDUCARE Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m413582497-14.5%20.3%
Other incomeRs m37425533.3%49.6%
TurnoverRs m450623552-11.4%22.7%
ExpensesRs m1,512499427-14.4%-71.8%
Gross profitRs m1,2438370-15.3%-94.4%
DepreciationRs m544645-1.2%-15.8%
InterestRs m555345-15.9%-19.5%
Profit before taxRs m1,171253639.6%-97.0%
TaxRs m2711412-13.3%-95.5%
Profit after taxRs m9001223103.6%-97.4%
Gross profit margin%300.814.214.1
Effective tax rate%23.154.834.0
Net profit margin%199.91.84.2
* 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 20.3% on a year-on-year (YoY) basis. The expenses were down by 71.8% YoY during the same period.
  • The company's operating profit declined by 94.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.1% in 3QFY19 as against 300.8% in 3QFY18.
  • Depreciation charges declined by 15.8% and finance costs declined by 19.5% YoY, respectively.
  • Other income increased by 49.6% YoY during the quarter.
  • Net profit for the quarter declined by 97.4% YoY. Net profit margins during the quarter declined from 199.9% in 3QFY18 to 4.2% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 14.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 14.4% QoQ during the same period.
  • The company's operating profit declined by 15.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.1% in 3QFY19 as against 14.2% in 2QFY18.
  • Net profit for the quarter increased by 103.6% QoQ, while net profit margins increased from 1.9% in 2QFY18 to 4.2% in 3QFY19.

To see how MT EDUCARE has performed over the last eight quarters, please visit here.

MT EDUCARE Share Price Performance

Over the last one year, MT EDUCARE share price has moved up from Rs 57.1 to Rs 66.0, registering a Gain of Rs 8.9 or around 15.5%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,359.9 (up 0.8%). Over the last one year it has moved up from 6,786.7 to 7,359.9, a gain of 573 points (up 8.4%).

Overall, the S&P BSE SENSEX is up 3.8% over the year.

Current Valuations

At the current price of Rs 66.0, the price to book value (P/BV) ratio of MT EDUCARE stands at 1.3 times.

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