MEMBER'S LOGINX
| Login Failure | ||||||||
|
||||||||
| Sign Up | Forgot Password? | ||||||||
- Home
- Research It
- BHARAT FORGE
- BHARAT FORGE Announces Quarterly Results (1QFY20); Net Profit Down 25.7%
BHARAT FORGE Announces Quarterly Results (1QFY20); Net Profit Down 25.7%
Wed, 14 Aug
BHARAT FORGE has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:
BHARAT FORGE Quarterly Financials
| No. of Mths Qtr. Ending | 3 Jun-18* | 3 Mar-19* | 3 Jun-19* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 14,797 | 16,686 | 13,466 | -19.3% | -9.0% |
| Other income | Rs m | 343 | 501 | 401 | -20.0% | 17.1% |
| Turnover | Rs m | 15,139 | 17,187 | 13,867 | -19.3% | -8.4% |
| Expenses | Rs m | 10,511 | 11,513 | 9,970 | -13.4% | -5.1% |
| Gross profit | Rs m | 4,286 | 5,173 | 3,495 | -32.4% | -18.4% |
| Depreciation | Rs m | 824 | 821 | 886 | 7.9% | 7.5% |
| Interest | Rs m | 253 | 315 | 388 | 23.2% | 53.4% |
| Profit before tax | Rs m | 3,552 | 4,538 | 2,622 | -42.2% | -26.2% |
| Tax | Rs m | 1,207 | 1,543 | 881 | -42.9% | -27.0% |
| Profit after tax | Rs m | 2,345 | 2,995 | 1,741 | -41.9% | -25.7% |
| Gross profit margin | % | 29.0 | 31.0 | 26.0 | ||
| Effective tax rate | % | 34.0 | 34.0 | 33.6 | ||
| Net profit margin | % | 15.5 | 17.4 | 12.6 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter fell 9.0% on a year-on-year (YoY) basis. The expenses were down by 5.1% YoY during the same period.
- The company's operating profit declined by 18.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 26.0% in 1QFY20 as against 29.0% in 1QFY19.
- Depreciation charges increased by 7.5% and finance costs increased by 53.4% YoY, respectively.
- Other income increased by 17.1% YoY during the quarter.
- Net profit for the quarter declined by 25.7% YoY. Net profit margins during the quarter declined from 15.5% in 1QFY19 to 12.6% in 1QFY20.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter fell 19.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 13.4% QoQ during the same period.
- The company's operating profit declined by 32.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 26.0% in 1QFY20 as against 31.0% in 4QFY19.
- Net profit for the quarter declined by 41.9% QoQ, while net profit margins declined from 17.4% in 4QFY19 to 12.6% in 1QFY20.
To see how BHARAT FORGE has performed over the last eight quarters,please visit here.
BHARAT FORGE Share Price Performance
Over the last one year,BHARAT FORGE share price has moved down from Rs 620.0 to Rs 391.8, registering a Loss of Rs 228.2 or around 36.8%.
Overall, the S&P BSE SENSEX is down 0.6% over the year.
Current Valuations
At the current price of Rs 391.8, the price to earnings (P/E) ratio of BHARAT FORGE stands at 18.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.9 times.
|
| |
Related Views on News
BHARAT FORGE Announces Quarterly Results (3QFY20); Net Profit Down 58.7% (Quarterly Result Update)
Feb 17, 2020 | Updated on Feb 17, 2020For the quarter ended December 2019, BHARAT FORGE has posted a net profit of Rs 1 bn (down 58.7% YoY). Sales on the other hand came in at Rs 11 bn (down 36.4% YoY). Read on for a complete analysis of BHARAT FORGE's quarterly results.
BHARAT FORGE 2018-19 Annual Report Analysis (Annual Result Update)
Sep 16, 2019 | Updated on Sep 16, 2019Here's an analysis of the annual report of BHARAT FORGE for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of BHARAT FORGE. Also includes updates on the valuation of BHARAT FORGE.
BHARAT FORGE Announces Quarterly Results (4QFY19); Net Profit Up 198.5% (Quarterly Result Update)
May 24, 2019 | Updated on May 24, 2019For the quarter ended March 2019, BHARAT FORGE has posted a net profit of Rs 3 bn (up 198.5% YoY). Sales on the other hand came in at Rs 17 bn (up 13.8% YoY). Read on for a complete analysis of BHARAT FORGE's quarterly results.
More Views on NewsMost Popular
Sorry Warren Buffett, I'm Following This Man Instead of You in 2020(The 5 Minute Wrapup)
Mar 30, 2020This man warned of an impending market correction while everyone else was celebrating the renewed optimism in early 2020...
A Big Trading Opportunity is Coming Your Way Soon(Fast Profits Daily)
Mar 25, 2020I see a big opportunity to make fast profits on the horizon.
The Biggest Trading Opportunity of 2020 is Here...
Mar 26, 2020India's #1 trader, Vijay Bhambwani, talks about a hugely profitable trading opportunity which you must know about today!
Coronavirus Sell-off Is a Perfect Time to 'Lockdown' this 'Crorepati' Stock(Profit Hunter)
Mar 24, 2020Coronavirus crisis and panic selling has brought this quality smallcap to multiyear lows, making it a great bargain.
Lockdown! Now the Bailout...(The Honest Truth)
Mar 25, 2020Ajit Dayal on what India should do to manage the coronavirus impact on the economy.
More|
| |
OUR TOP 5 IDEAS
- How to Trade the Coronavirus Crash - Download this FREE Report Now
- Are You Making One of These 15 Costly Mistakes While Investing. Learn more!
- A Guide to some of the Most Lucrative Stocks in the Market. Download For Free!
- Free Report: The Secret to Increasing Your Trading Profits Daily!
- Find Out Our Top 7 Bluechips for 2020 Virtually FREE. Click Here Now!
BHARAT FORGE SHARE PRICE
Apr 1, 2020 (Close)
TRACK BHARAT FORGE
- Track your investment in BHARAT FORGE with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
- Add To MyStocks
MORE ON BHARAT FORGE
BHARAT FORGE 5-YR ANALYSIS
COMPARE BHARAT FORGE WITH
OTHER USEFUL LINKS
MARKET STATS
ABOUT EQUITYMASTER
Since 1996, Equitymaster has been the source for honest and credible opinions on investing in India. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Here's why hundreds of thousands of readers spread across more than 70 countries Trust Equitymaster.
FREE NEWSLETTERS
PREMIUM PRODUCTS
QUICK LINKS
APPS
Copyright © Equitymaster Agora Research Private Limited.
Whitelist | Refer | Terms | Privacy | Contact | About | Sitemap
Equitymaster Agora Research Private Limited (Research Analyst) 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407
All rights reserved. Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.
LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.
SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.
Equitymaster requests your view! Post a comment on "BHARAT FORGE Announces Quarterly Results (1QFY20); Net Profit Down 25.7%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!