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ABB INDIA LTD. Announces Quarterly Results (2QFY19); Net Profit Up 29.9%

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ABB INDIA LTD. Announces Quarterly Results (2QFY19); Net Profit Up 29.9%
Tue, 6 Nov

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

ABB INDIA LTD. Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m19,15427,12725,154-7.3%31.3%
Other incomeRs m37823628521.0%-24.5%
TurnoverRs m19,53127,36325,439-7.0%30.2%
ExpensesRs m17,81225,16823,214-7.8%30.3%
Gross profitRs m1,3421,9591,940-1.0%44.6%
DepreciationRs m3893563714.1%-4.6%
InterestRs m152232201-13.3%32.0%
Profit before taxRs m1,1781,6071,6532.8%40.3%
TaxRs m344586569-2.8%65.4%
Profit after taxRs m8341,0221,0836.1%29.9%
Gross profit margin%7.07.27.7
Effective tax rate%29.236.434.4
Net profit margin%4.33.74.3
* 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 grew 31.3% on a year-on-year (YoY) basis. The expenses were up by 30.3% YoY during the same period.
  • The company's operating profit increased by 44.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 7.7% in 2QFY19 as against 7.0% in 2QFY18.
  • Depreciation charges declined by 4.6% and finance costs increased by 32.0% YoY, respectively.
  • Other income declined by 24.5% YoY during the quarter.
  • Net profit for the quarter increased by 29.9% YoY. Net profit margins during the quarter declined from 4.3% in 2QFY18 to 4.3% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 7.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.8% QoQ during the same period.
  • The company's operating profit increased by 1.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 7.7% in 2QFY19 as against 7.2% in 1QFY18.
  • Net profit for the quarter increased by 6.1% QoQ, while net profit margins increased from 3.7% in 1QFY18 to 4.3% in 2QFY19.

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 1,365.0 to Rs 1,311.9, registering a Loss of Rs 53.1 or around 3.9%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,102.8 (up 0.3%). Over the last one year it has moved down from 18,531.6 to 18,102.8, a gain of 429 points (down 2.3%).

Overall, the S&P BSE SENSEX is up 3.7% over the year.

Current Valuations

At the current price of Rs 1,311.9, the price to earnings (P/E) ratio of ABB INDIA LTD. stands at 57.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.7 times.

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