Till date out of 4,248 companies on BSE and NSE, 1,696 companies has already declared their 2nd quarter result for FY 2018-19. Amid back-to-back a series of negative cues such as global trade war fears, inflating crude price, depreciating rupees, pressure of widening trade deficit in India, increase interest rate, ever increasing corporate governance issues among Indian corporates, and latest liquidity crisis among NBFC companies,? the Indian market remained more volatile over the last couples of months. But the overall earnings so far have created confidence among investors as it is showing a way of recovery, though this is not the spectacular performances by Indian companies.
The aggregate sales for the quarter September 2018 has increased around 22.20 per cent from the same quarter of last year. The YoY EBITDA growth has been 13.80 percent while the YoY growth in Net Profit has recorded an increase of 22.40 per cent.
Compared to the YoY growth numbers, there is a slower performance in growth from immediate previous quarter. The overall QoQ sales growth has been just 3.80 percent, while the growth in net profit is 5.60%. The QoQ EBITDA growth has shown a negative trend of -3.00 per cent as majority of the company has faced margin pressure due the increase in operational expenses. The EBITDA margin (as a percentage of sales) for this quarter is reported as 12.10 per cent compared to 13.00 per cent for the same quarter last year, having a decrease of -6.90 per cent.
SECOND QUARTER EARNINGS
COMPARATIVE ANALYSIS
Sector wise Oil & Gas has the highest sales growth recorded as 52.5% over the same quarter last year, followed by Media & Entertainments which showed a YoY sales growth of 39.8% and Chemical Sector has 23.5% growth.? Telecommunication sector has the lowest YoY sales growth of -3.7% followed by Automotive having growth of only 3.6% YoY.
In case of YoY growth in net profit, Diversified Conglomerates and Retail & Real-estate has topped the list having 44.6 % and 44.1% respectively while Media & Entertainments and Consumer Durables have the worst growth in Net profit of -24.8% and -15.8% respectively.
