BEML LTD. Announces Quarterly Results (3QFY19); Net Profit Up 167.8%

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BEML LTD. Announces Quarterly Results (3QFY19); Net Profit Up 167.8%
Mon, 4 Feb

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

BEML LTD. Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m7,3157,3419,23925.9%26.3%
Other incomeRs m42425223.2%23.8%
TurnoverRs m7,3577,3839,29125.8%26.3%
ExpensesRs m6,9006,8928,48623.1%23.0%
Gross profitRs m41644875367.9%81.1%
DepreciationRs m164178175-1.8%6.5%
InterestRs m12714318327.4%44.3%
Profit before taxRs m167169447164.7%167.8%
TaxRs m0000.0%0.0%
Profit after taxRs m167169447164.7%167.8%
Gross profit margin%5.76.18.1
Effective tax rate%0.00.00.0
Net profit margin%2.32.34.8
* 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 grew 26.3% on a year-on-year (YoY) basis. The expenses were up by 23.0% YoY during the same period.
  • The company's operating profit increased by 81.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 8.1% in 3QFY19 as against 5.7% in 3QFY18.
  • Depreciation charges increased by 6.5% and finance costs increased by 44.3% YoY, respectively.
  • Other income increased by 23.8% YoY during the quarter.
  • Net profit for the quarter increased by 167.8% YoY. Net profit margins during the quarter increased from 2.3% in 3QFY18 to 4.8% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 25.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 23.1% QoQ during the same period.
  • The company's operating profit increased by 67.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 8.1% in 3QFY19 as against 6.1% in 2QFY18.
  • Net profit for the quarter increased by 164.7% QoQ, while net profit margins increased from 2.3% in 2QFY18 to 4.8% in 3QFY19.

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 1,284.6 to Rs 803.7, registering a Loss of Rs 481.0 or around 37.4%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,326.4 (down 0.8%). Over the last one year it has moved down from 19,939.3 to 17,326.4, a gain of 2,613 points (down 13.1%).

Overall, the S&P BSE SENSEX is up 1.2% over the year.

Current Valuations

At the current price of Rs 803.7, the price to earnings (P/E) ratio of BEML LTD. stands at 37.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.5 times.

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