BHARAT FORGE Announces Quarterly Results (4QFY19); Net Profit Up 198.5%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

BHARAT FORGE Announces Quarterly Results (4QFY19); Net Profit Up 198.5%
Fri, 24 May

BHARAT FORGE has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

BHARAT FORGE Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m14,66616,92516,686-1.4%13.8%
Other incomeRs m3424785014.7%46.5%
TurnoverRs m15,00817,40417,187-1.2%14.5%
ExpensesRs m10,48911,66711,513-1.3%9.8%
Gross profitRs m2,8455,2585,173-1.6%81.8%
DepreciationRs m705907821-9.4%16.5%
InterestRs m303136315132.3%3.8%
Profit before taxRs m2,1794,6954,538-3.3%108.3%
TaxRs m1,1751,5961,543-3.4%31.2%
Profit after taxRs m1,0033,0982,995-3.3%198.5%
Gross profit margin%19.431.131.0
Effective tax rate%53.934.034.0
Net profit margin%6.717.817.4
* 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 13.8% on a year-on-year (YoY) basis. The expenses were up by 9.8% YoY during the same period.
  • The company's operating profit increased by 81.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 31.0% in 4QFY19 as against 19.4% in 4QFY18.
  • Depreciation charges increased by 16.5% and finance costs increased by 3.8% YoY, respectively.
  • Other income increased by 46.5% YoY during the quarter.
  • Net profit for the quarter increased by 198.5% YoY. Net profit margins during the quarter increased from 6.7% in 4QFY18 to 17.4% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.3% QoQ during the same period.
  • The company's operating profit declined by 1.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 31.0% in 4QFY19 as against 31.1% in 3QFY18.
  • Net profit for the quarter declined by 3.3% QoQ, while net profit margins declined from 17.8% in 3QFY18 to 17.4% in 4QFY19.

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 up from Rs 644.3 to Rs 462.8, registering a Loss of Rs 181.5 or around 28.2%.

Overall, the S&P BSE SENSEX is up 13.3% over the year.

Current Valuations

At the current price of Rs 462.8, the price to earnings (P/E) ratio of BHARAT FORGE stands at 20.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.6 times.

Equitymaster requests your view! Post a comment on "BHARAT FORGE Announces Quarterly Results (4QFY19); Net Profit Up 198.5%". Click here!

  

Related Views on News

BHARAT FORGE 2018-19 Annual Report Analysis (Annual Result Update)

Sep 16, 2019 | Updated on Sep 16, 2019

Here'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 (1QFY20); Net Profit Down 25.7% (Quarterly Result Update)

Aug 14, 2019 | Updated on Aug 14, 2019

For the quarter ended June 2019, BHARAT FORGE has posted a net profit of Rs 2 bn (down 25.7% YoY). Sales on the other hand came in at Rs 13 bn (down 9.0% YoY). Read on for a complete analysis of BHARAT FORGE's quarterly results.

BHARAT FORGE Announces Quarterly Results (3QFY19); Net Profit Up 35.8% (Quarterly Result Update)

Feb 18, 2019 | Updated on Feb 18, 2019

For the quarter ended December 2018, BHARAT FORGE has posted a net profit of Rs 3 bn (up 35.8% YoY). Sales on the other hand came in at Rs 17 bn (up 21.7% YoY). Read on for a complete analysis of BHARAT FORGE's quarterly results.

Sandhar Technologies IPO: Worth Betting on This Automotive Component Manufacturer? (IPO)

Mar 17, 2018

Should you subscribe to the IPO of Sandhar Technologies Ltd?

More Views on News

Most Popular

My Latest Stock Recommendation(Fast Profits Daily)

Jan 10, 2020

The story behind my latest stock recommendation and an important announcement.

Saffron Curtain = Hindutva Rate of Growth?(The Honest Truth)

Jan 8, 2020

Will the Indian economy revert to a sub-3% growth rate?

Bet on These Smallcap Stocks for Success in 2020(Profit Hunter)

Jan 14, 2020

The smallcap rebound finally seems to here... Make sure you aren't too late to make the most of the biggest wealth making opportunity in a decade.

Your Safe Income Options for 2020(Fast Profits Daily)

Jan 9, 2020

What are you safest investing options in 2020 when interest rates fall.

Guess Which Stocks Are Rising at Double the Speed of Sensex(Profit Hunter)

Jan 15, 2020

These stocks can move twice as fast as the Sensex - to take advantage of their money multiplying power get in now as the rally is still just taking shape.. read more to not miss out.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get our special report, Secret to Increasing Your Trading Profits Today Now!
We will never sell or rent your email id.
Please read our Terms

BHARAT FORGE SHARE PRICE


Jan 20, 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

BHARAT FORGE - MUNJAL SHOWA COMPARISON

COMPARE BHARAT FORGE WITH

MARKET STATS