BEML LTD. Announces Quarterly Results (3QFY20); Net Profit Down 89.2%

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BEML LTD. Announces Quarterly Results (3QFY20); Net Profit Down 89.2%
Wed, 12 Feb

BEML LTD. has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

BEML LTD. Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m9,2396,8776,9360.9%-24.9%
Other incomeRs m527663-17.1%21.0%
TurnoverRs m9,2916,9536,9990.7%-24.7%
ExpensesRs m8,4866,9406,674-3.8%-21.3%
Gross profitRs m753-63262-65.2%
DepreciationRs m1751781790.3%2.3%
InterestRs m18394973.6%-46.7%
Profit before taxRs m447-25948-89.2%
TaxRs m0000.0%0.0%
Profit after taxRs m447-25948-89.2%
Gross profit margin%8.1-0.93.8
Effective tax rate%0.00.00.0
Net profit margin%4.8-3.70.7
* 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 fell 24.9% on a year-on-year (YoY) basis. The expenses were down by 21.3% YoY during the same period.
  • The company's operating profit declined by 65.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.8% in 3QFY20 as against 8.1% in 3QFY19.
  • Depreciation charges increased by 2.3% and finance costs declined by 46.7% YoY, respectively.
  • Other income increased by 21.0% YoY during the quarter.
  • Net profit for the quarter declined by 89.2% YoY. Net profit margins during the quarter declined from 4.8% in 3QFY19 to 0.7% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 0.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 3.8% QoQ during the same period.
  • The company's operating profit declined by 515.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 3.8% in 3QFY20 as against 0.9% in 2QFY19.
  • Net profit for the quarter increased by 118.6% QoQ, while net profit margins increased from -3.7% in 2QFY19 to 0.7% in 3QFY20.

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

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BEML LTD. Share Price Performance

Over the last one year,BEML LTD. share price has moved up from Rs 765.0 to Rs 959.3, registering a Gain of Rs 194.3 or around 25.4%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 16,804.9 (down 0.6%). Over the last one year it has moved up from 16,569.0 to 16,804.9, a gain of 236 points (up 1.4%).

Overall, the S&P BSE SENSEX is up 14.3% over the year.

Current Valuations

At the current price of Rs 959.3, the price to earnings (P/E) ratio of BEML LTD. stands at 90.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.8 times.

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