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TILAKNAGAR IND. Announces Quarterly Results (3QFY19); Net Profit Down 195.5%

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TILAKNAGAR IND. Announces Quarterly Results (3QFY19); Net Profit Down 195.5%
Tue, 26 Feb

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

TILAKNAGAR IND. Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m2,1694,0444,2525.1%96.0%
Other incomeRs m2412137.4%-45.2%
TurnoverRs m2,1944,0574,2665.2%94.4%
ExpensesRs m1,8743,9324,1054.4%119.0%
Gross profitRs m29511314831.3%-49.9%
DepreciationRs m9494940.1%-0.3%
InterestRs m39139857243.9%46.2%
Profit before taxRs m-166-366-505
TaxRs m055-15-127.3%
Profit after taxRs m-166-421-490
Gross profit margin%13.62.83.5
Effective tax rate%0.2-15.03.0
Net profit margin%-7.6-10.4-11.5
* 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 96.0% on a year-on-year (YoY) basis. The expenses were up by 119.0% YoY during the same period.
  • The company's operating profit declined by 49.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.5% in 3QFY19 as against 13.6% in 3QFY18.
  • Depreciation charges declined by 0.3% and finance costs increased by 46.2% YoY, respectively.
  • Other income declined by 45.2% YoY during the quarter.
  • Net profit for the quarter declined by 195.5% YoY. Net profit margins during the quarter declined from -7.6% in 3QFY18 to -11.5% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 5.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.4% QoQ during the same period.
  • The company's operating profit increased by 31.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 3.5% in 3QFY19 as against 2.8% in 2QFY18.
  • Net profit for the quarter declined by 16.2% QoQ, while net profit margins declined from -10.4% in 2QFY18 to -11.5% in 3QFY19.

To see how TILAKNAGAR IND. has performed over the last eight quarters, please visit here.

TILAKNAGAR IND. Share Price Performance

Over the last one year, TILAKNAGAR IND. share price has moved up from Rs 17.8 to Rs 14.6, registering a Loss of Rs 3.3 or around 18.3%.

Overall, the S&P BSE SENSEX is up 3.9% over the year.

Current Valuations

At the current price of Rs 14.6, the price to book value (P/BV) ratio of TILAKNAGAR IND. stands at -1.4 times.

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

TILAKNAGAR IND. Announces Quarterly Results (2QFY19); Net Profit Down 364.1% (Quarterly Result Update)

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For the quarter ended September 2018, TILAKNAGAR IND. has posted a net profit of Rs 421 m (down 364.1% YoY). Sales on the other hand came in at Rs 4 bn (up 82.3% YoY). Read on for a complete analysis of TILAKNAGAR IND.'s quarterly results.

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