ABB INDIA Announces Quarterly Results (4QFY19); Net Profit Down 13.1%

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ABB INDIA Announces Quarterly Results (4QFY19); Net Profit Down 13.1%
Wed, 8 May

ABB INDIA has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

ABB INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m25,25519,66318,503-5.9%-26.7%
Other incomeRs m26916019119.6%-28.9%
TurnoverRs m25,52419,82318,694-5.7%-26.8%
ExpensesRs m23,36517,50917,047-2.6%-27.0%
Gross profitRs m1,8902,1541,455-32.5%-23.0%
DepreciationRs m356239233-2.4%-34.5%
InterestRs m2325326-49.9%-88.6%
Profit before taxRs m1,5712,0231,387-31.4%-11.7%
TaxRs m546736497-32.5%-9.0%
Profit after taxRs m1,0251,286890-30.8%-13.1%
Gross profit margin%7.511.07.9
Effective tax rate%34.836.435.8
Net profit margin%4.06.54.8
* 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 26.7% on a year-on-year (YoY) basis. The expenses were down by 27.0% YoY during the same period.
  • The company's operating profit declined by 23.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 7.9% in 4QFY19 as against 7.5% in 4QFY18.
  • Depreciation charges declined by 34.5% and finance costs declined by 88.6% YoY, respectively.
  • Other income declined by 28.9% YoY during the quarter.
  • Net profit for the quarter declined by 13.1% YoY. Net profit margins during the quarter increased from 4.0% in 4QFY18 to 4.8% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.6% QoQ during the same period.
  • The company's operating profit declined by 32.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.9% in 4QFY19 as against 11.0% in 3QFY18.
  • Net profit for the quarter declined by 30.8% QoQ, while net profit margins declined from 6.5% in 3QFY18 to 4.8% in 4QFY19.

To see how ABB INDIA has performed over the last eight quarters, please visit here.

ABB INDIA Share Price Performance

Over the last one year, ABB INDIA share price has moved up from Rs 1,282.1 to Rs 1,460.9, registering a Gain of Rs 178.9 or around 14.0%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,884.1 (down 0.3%). Over the last one year it has moved down from 19,166.2 to 17,884.1, a gain of 1,282 points (down 6.7%).

Overall, the S&P BSE SENSEX is up 8.2% over the year.

Current Valuations

At the current price of Rs 1,460.9, the price to earnings (P/E) ratio of ABB INDIA stands at 72.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.6 times.

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