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TRF LTD Announces Quarterly Results (1QFY19); Net Profit Up 255.7%

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TRF LTD Announces Quarterly Results (1QFY19); Net Profit Up 255.7%
Tue, 31 Jul

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

TRF LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m2,5541,170860-26.5%-66.3%
Other incomeRs m231510-32.0%-55.6%
TurnoverRs m2,5771,185870-26.6%-66.2%
ExpensesRs m2,4881,975901-54.4%-63.8%
Gross profitRs m661,061-230-121.7%-448.9%
DepreciationRs m231212-0.4%-49.5%
InterestRs m138131126-3.6%-8.7%
Profit before taxRs m-73933-358-138.4%
TaxRs m28611-98.6%-96.9%
Profit after taxRs m-101872-359-141.2%
Gross profit margin%2.690.6-26.8
Effective tax rate%-38.06.5-0.2
Net profit margin%-3.973.6-41.3
* 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 66.3% on a year-on-year (YoY) basis. The expenses were down by 63.8% YoY during the same period.
  • The company's operating profit declined by 448.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 26.8% in 1QFY19 as against 2.6% in 1QFY18.
  • Depreciation charges and finance costs declined by 49.5% YoY and 8.7% YoY, respectively.
  • Other income declined by 55.6% YoY during the quarter.
  • Net profit for the quarter increased by 255.7% YoY. Net profit margins during the quarter declined from -3.9% in 1QFY18 to -41.3% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 26.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 54.4% QoQ during the same period.
  • The company's operating profit declined by 121.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 26.8% in 1QFY19 as against 90.6% in 4QFY18.
  • Net profit for the quarter declined by 141.2% QoQ, while net profit margins declined from 73.6% in 4QFY18 to -41.3% in 1QFY19.

To see how TRF LTD has performed over the last eight quarters, please visit here.

TRF LTD Share Price Performance

Over the last one year, TRF LTD share price has moved up from Rs 226.8 to Rs 205.4, registering a Loss of Rs 21.5 or around 9.5%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,170.3 (up 0.3%). Over the last one year it has moved up from 17,972.6 to 18,170.3, a gain of 198 points (up 1.1%).

Overall, the S&P BSE SENSEX is down 0.4% over the year.

Current Valuations

At the current price of Rs 205.4, the price to earnings (P/E) ratio of TRF LTD stands at 2.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at -1.1 times.

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