X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
PRIME SECURITIES Announces Quarterly Results (1QFY19); Net Profit Down 37.2%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

PRIME SECURITIES Announces Quarterly Results (1QFY19); Net Profit Down 37.2%
Tue, 21 Aug

PRIME SECURITIES has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

PRIME SECURITIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m792797261.4%22.2%
Other incomeRs m12322.7%350.0%
TurnoverRs m802999243.3%24.6%
ExpensesRs m202064215.3%226.5%
Gross profitRs m60253328.5%-45.5%
DepreciationRs m00150.0%100.0%
InterestRs m000100.0%0.0%
Profit before taxRs m60273427.4%-42.6%
TaxRs m16-37-57.1%
Profit after taxRs m443027-7.1%-37.2%
Gross profit margin%75.494.833.7
Effective tax rate%27.2-9.320.3
Net profit margin%54.8102.127.6
* 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 22.2% on a year-on-year (YoY) basis. The expenses were up by 226.5% YoY during the same period.
  • The company's operating profit declined by 45.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 33.7% in 1QFY19 as against 75.4% in 1QFY18.
  • Depreciation charges and finance costs increased by 100.0% YoY and 0.0% YoY, respectively.
  • Other income increased by 350.0% YoY during the quarter.
  • Net profit for the quarter declined by 37.2% YoY. Net profit margins during the quarter declined from 54.8% in 1QFY18 to 27.6% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 261.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 215.3% QoQ during the same period.
  • The company's operating profit declined by 28.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 33.7% in 1QFY19 as against 94.8% in 4QFY18.
  • Net profit for the quarter declined by 7.1% QoQ, while net profit margins declined from 103.4% in 4QFY18 to 27.6% in 1QFY19.

To see how PRIME SECURITIES has performed over the last eight quarters, please visit here.

PRIME SECURITIES Share Price Performance

Over the last one year, PRIME SECURITIES share price has moved up from Rs 35.6 to Rs 41.0, registering a Gain of Rs 5.5 or around 15.3%.

Overall, the S&P BSE SENSEX is up 22.5% over the year.

Current Valuations

At the current price of Rs 41.0, the price to earnings (P/E) ratio of PRIME SECURITIES stands at 8.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 177.9 times.

Equitymaster requests your view! Post a comment on "PRIME SECURITIES Announces Quarterly Results (1QFY19); Net Profit Down 37.2%". Click here!

  

Related Views on News

PRIME SECURITIES Announces Quarterly Results (4QFY18); Net Profit Down 32.2% (Quarterly Result Update)

Jul 20, 2018 | Updated on Jul 20, 2018

For the quarter ended March 2018, PRIME SECURITIES has posted a net profit of Rs 30 m (down 32.2% YoY). Sales on the other hand came in at Rs 27 m (down 63.4% YoY). Read on for a complete analysis of PRIME SECURITIES's quarterly results.

CreditAccess Grameen IPO: Should You Apply to this Interesting Microfinance Play? (IPO)

Aug 7, 2018

Should you apply to the IPO of CreditAccess Grameen Ltd?

HDFC AMC IPO: Do Valuations Leave Enough on Table for Investors? (IPO)

Jul 20, 2018

Should you subscribe to the IPO of HDFC AMC Ltd?

IndoStar Capital Finance IPO: Is This NBFC Worth Betting On? (IPO)

May 8, 2018

Should you apply for the IPO of IndoStar Capital Finance?

ICICI Securities IPO: Will the Brokerage Shine If Markets Don't? (IPO)

Mar 22, 2018

Is the IPO of one of India's first online brokerage firm, ICICI Securities, worth applying for?

More Views on News

Most Popular

Don't Panic in This Falling Market... Do This Instead(The 5 Minute Wrapup)

Oct 5, 2018

Find companies with long term durable moats, which are correcting with the current broader market sell-off.

Why You Should Be Excited, Not Sad, About the 30% Small Cap Crash(Profit Hunter)

Oct 4, 2018

Smallcaps have corrected over 30% since the beginning of the year. Find out why Richa Agarwal views this as an opportunity rather than a threat.

Taxpayers to pay salaries of CEOs/CIOs of Mutual Funds(The Honest Truth)

Oct 5, 2018

Ajit Dayal on the crisis in the market and in the mutual fund industry.

Why Are Investors In Sundaram Small Cap Fund Anxious(Outside View)

Oct 3, 2018

A small cap fund that aims to capitalise on emerging businesses and catch them young. However, its failure in keeping volatility under check is making its investors anxious.

Biggest Corrections in the Stock of Infibeam Avenues(Chart Of The Day)

Oct 3, 2018

Infibeam plunged over 70% last week. This was the second biggest single-day fall. But Infibeam witnessed such sharp falls earlier.

More

Small Investments
BIG Returns

Zero To Millions Guide 2018
Get our special report, Zero To Millions
(2018 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

PRIME SECURITIES SHARE PRICE


Oct 16, 2018 02:03 PM

TRACK PRIME SECURITIES

  • Track your investment in PRIME SECURITIES with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON PRIME SECURITIES

PRIME SECURITIES 8-QTR ANALYSIS

COMPARE PRIME SECURITIES WITH

MARKET STATS