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PHOENIX MILL Announces Quarterly Results (4QFY18); Net Profit Up 102.5%

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PHOENIX MILL Announces Quarterly Results (4QFY18); Net Profit Up 102.5%
Fri, 20 Jul

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

PHOENIX MILL Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m4,5444,1664,3664.8%-3.9%
Other incomeRs m20310614537.0%-28.6%
TurnoverRs m4,7474,2724,5115.6%-5.0%
ExpensesRs m2,5472,0992,2055.1%-13.4%
Gross profitRs m1,9972,1772,2483.3%12.6%
DepreciationRs m5184855135.8%-0.9%
InterestRs m992883836-5.3%-15.7%
Profit before taxRs m6909151,04414.1%51.3%
TaxRs m1782187-96.9%-96.2%
Profit after taxRs m5126971,03748.8%102.5%
Gross profit margin%43.952.251.5
Effective tax rate%25.723.80.6
Net profit margin%10.816.323.0
* 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 fell 3.9% on a year-on-year (YoY) basis. The expenses were down by 13.4% YoY during the same period.
  • The company's operating profit increased by 12.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 51.5% in 4QFY18 as against 43.9% in 4QFY17.
  • Depreciation charges and finance costs declined by 0.9% YoY and 15.7% YoY, respectively.
  • Other income declined by 28.6% YoY during the quarter.
  • Net profit for the quarter increased by 102.5% YoY. Net profit margins during the quarter increased from 10.8% in 4QFY17 to 23.0% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.1% QoQ during the same period.
  • The company's operating profit declined by 3.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 51.5% in 4QFY18 as against 52.2% in 3QFY17.
  • Net profit for the quarter increased by 48.8% QoQ, while net profit margins increased from 16.3% in 3QFY17 to 23.0% in 4QFY18.

To see how PHOENIX MILL has performed over the last eight quarters, please visit here.

PHOENIX MILL Share Price Performance

Over the last one year, PHOENIX MILL share price has moved up from Rs 520.5 to Rs 639.1, registering a Gain of Rs 118.7 or around 22.8%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,970.6 (up 0.6%). Over the last one year it has moved down from 2,184.4 to 1,970.6, a gain of -213.8 points (down 9.8%).

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

Current Valuations

At the current price of Rs 639.1, the price to earnings (P/E) ratio of PHOENIX MILL stands at 38.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.2 times.

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