GE T&D INDIA Announces Quarterly Results (2QFY19); Net Profit Up 8.3%

Thu, 15 Nov

GE T&D INDIA has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

GE T&D INDIA Quarterly Financials

Year-on-Year Performance:

• The company's operating income during the quarter grew 14.2% on a year-on-year (YoY) basis. The expenses were up by 14.1% YoY during the same period.
• The company's operating profit increased by 14.5% YoY during the quarter. Consequently, operating profit margins remained same and stood at 9.3% in 2QFY19.
• Depreciation charges declined by 5.7% and finance costs declined by 36.6% YoY, respectively.
• Other income declined by 30.9% YoY during the quarter.
• Net profit for the quarter increased by 8.3% YoY. Net profit margins during the quarter declined from 5.3% in 2QFY18 to 5.1% in 2QFY19.

Quarter-on-Quarter Performance:

• The company's operating income during the quarter fell 14.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 11.5% QoQ during the same period.
• The company's operating profit declined by 36.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.3% in 2QFY19 as against 12.4% in 1QFY18.
• Net profit for the quarter declined by 37.3% QoQ, while net profit margins declined from 6.9% in 1QFY18 to 5.1% in 2QFY19.

To see how GE T&D INDIA has performed over the last eight quarters, please visit here.

GE T&D INDIA Share Price Performance

Over the last one year, GE T&D INDIA share price has moved up from Rs 389.4 to Rs 232.0, registering a Loss of Rs 157.4 or around 40.4%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,426.3 (up 0.6%). Over the last one year it has moved up from 18,070.5 to 18,426.3, a gain of 356 points (up 2.0%).

Overall, the S&P BSE SENSEX is up 6.8% over the year.

Current Valuations

At the current price of Rs 232.0, the price to earnings (P/E) ratio of GE T&D INDIA stands at 25.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.0 times.