ABB INDIA LTD. Announces Quarterly Results (1QFY19); Net Profit Up 36.1%

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ABB INDIA LTD. Announces Quarterly Results (1QFY19); Net Profit Up 36.1%
Thu, 26 Jul

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

ABB INDIA LTD. Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m23,61525,25527,1277.4%14.9%
Other incomeRs m326269236-12.5%-27.7%
TurnoverRs m23,94125,52427,3637.2%14.3%
ExpensesRs m22,14223,36525,1687.7%13.7%
Gross profitRs m1,4731,8901,9593.7%33.0%
DepreciationRs m3833563560.0%-7.1%
InterestRs m2312322320.2%0.6%
Profit before taxRs m1,1851,5711,6072.3%35.6%
TaxRs m4355465867.2%34.7%
Profit after taxRs m7511,0251,022-0.3%36.1%
Gross profit margin%6.27.57.2
Effective tax rate%36.734.836.4
Net profit margin%3.14.03.7
* 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 14.9% on a year-on-year (YoY) basis. The expenses were up by 13.7% YoY during the same period.
  • The company's operating profit increased by 33.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 7.2% in 1QFY19 as against 6.2% in 1QFY18.
  • Depreciation charges and finance costs declined by 7.1% YoY and 0.6% YoY, respectively.
  • Other income declined by 27.7% YoY during the quarter.
  • Net profit for the quarter increased by 36.1% YoY. Net profit margins during the quarter increased from 3.1% in 1QFY18 to 3.7% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 7.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.7% QoQ during the same period.
  • The company's operating profit declined by 3.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.2% in 1QFY19 as against 7.5% in 4QFY18.
  • Net profit for the quarter declined by 0.3% QoQ, while net profit margins declined from 4.0% in 4QFY18 to 3.7% in 1QFY19.

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

ABB INDIA LTD. Share Price Performance

Over the last one year, ABB INDIA LTD. share price has moved up from Rs 1,444.7 to Rs 1,182.0, registering a Loss of Rs 262.7 or around 18.2%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,056.5 (down 0.4%). Over the last one year it has moved up from 17,806.7 to 18,056.5, a gain of 250 points (up 1.4%).

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

Current Valuations

At the current price of Rs 1,182.0, the price to earnings (P/E) ratio of ABB INDIA LTD. stands at 54.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.6 times.

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