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BEML LTD. Announces Quarterly Results (2QFY19); Net Profit Up 65.6%

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BEML LTD. Announces Quarterly Results (2QFY19); Net Profit Up 65.6%
Mon, 5 Nov

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

BEML LTD. Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m6,8974,5477,34161.4%6.4%
Other incomeRs m384742-9.2%12.2%
TurnoverRs m6,9344,5937,38360.7%6.5%
ExpensesRs m6,5595,9176,89216.5%5.1%
Gross profitRs m337-1,37044832.8%
DepreciationRs m1591701784.8%12.2%
InterestRs m11411014330.1%25.5%
Profit before taxRs m102-1,60316965.6%
TaxRs m0000.0%0.0%
Profit after taxRs m102-1,60316965.6%
Gross profit margin%4.9-30.16.1
Effective tax rate%0.00.00.0
Net profit margin%1.5-34.92.3
* 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 6.4% on a year-on-year (YoY) basis. The expenses were up by 5.1% YoY during the same period.
  • The company's operating profit increased by 32.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 6.1% in 2QFY19 as against 4.9% in 2QFY18.
  • Depreciation charges increased by 12.2% and finance costs increased by 25.5% YoY, respectively.
  • Other income increased by 12.2% YoY during the quarter.
  • Net profit for the quarter increased by 65.6% YoY. Net profit margins during the quarter increased from 1.5% in 2QFY18 to 2.3% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 61.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 16.5% QoQ during the same period.
  • The company's operating profit increased by 132.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 6.1% in 2QFY19 as against 30.1% in 1QFY18.
  • Net profit for the quarter increased by 110.5% QoQ, while net profit margins increased from -34.9% in 1QFY18 to 2.3% in 2QFY19.

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

BEML LTD. Share Price Performance

Over the last one year, BEML LTD. share price has moved up from Rs 1,740.0 to Rs 713.0, registering a Loss of Rs 1,027.1 or around 59.0%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,030.3 (down 0.5%). Over the last one year it has moved down from 18,601.4 to 18,030.3, a gain of 571 points (down 3.1%).

Overall, the S&P BSE SENSEX is up 3.9% over the year.

Current Valuations

At the current price of Rs 713.0, the price to earnings (P/E) ratio of BEML LTD. stands at 49.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.4 times.

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