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BHARAT BIJLEE Announces Quarterly Results (2QFY19); Net Profit Down 4.1%

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BHARAT BIJLEE Announces Quarterly Results (2QFY19); Net Profit Down 4.1%
Wed, 21 Nov

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

BHARAT BIJLEE Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m1,7511,9672,37820.9%35.8%
Other incomeRs m5110359-42.9%15.9%
TurnoverRs m1,8022,0712,43717.7%35.2%
ExpensesRs m1,6471,8122,27325.4%38.0%
Gross profitRs m105156105-32.3%0.7%
DepreciationRs m2422220.0%-5.9%
InterestRs m484934-31.2%-29.5%
Profit before taxRs m84187108-42.3%29.1%
TaxRs m205947-20.1%132.4%
Profit after taxRs m6312861-52.5%-4.1%
Gross profit margin%6.07.94.4
Effective tax rate%24.331.643.8
Net profit margin%3.56.22.5
* 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 35.8% on a year-on-year (YoY) basis. The expenses were up by 38.0% YoY during the same period.
  • The company's operating profit increased by 0.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.4% in 2QFY19 as against 6.0% in 2QFY18.
  • Depreciation charges declined by 5.9% and finance costs declined by 29.5% YoY, respectively.
  • Other income increased by 15.9% YoY during the quarter.
  • Net profit for the quarter declined by 4.1% YoY. Net profit margins during the quarter declined from 3.5% in 2QFY18 to 2.5% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 20.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 25.4% QoQ during the same period.
  • The company's operating profit declined by 32.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.4% in 2QFY19 as against 7.9% in 1QFY18.
  • Net profit for the quarter declined by 52.5% QoQ, while net profit margins declined from 6.2% in 1QFY18 to 2.5% in 2QFY19.

To see how BHARAT BIJLEE has performed over the last eight quarters, please visit here.

BHARAT BIJLEE Share Price Performance

Over the last one year, BHARAT BIJLEE share price has moved up from Rs 1,025.5 to Rs 1,083.2, registering a Gain of Rs 57.7 or around 5.6%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,360.6 (down 0.8%). Over the last one year it has moved up from 18,315.0 to 18,360.6, a gain of 46 points (up 0.2%).

Overall, the S&P BSE SENSEX is up 5.3% over the year.

Current Valuations

At the current price of Rs 1,083.2, the price to earnings (P/E) ratio of BHARAT BIJLEE stands at 7.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.

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For the quarter ended December 2018, BHARAT BIJLEE has posted a net profit of Rs 130 m (up 34.8% YoY). Sales on the other hand came in at Rs 2 bn (down 1.3% YoY). Read on for a complete analysis of BHARAT BIJLEE's quarterly results.

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Apr 23, 2019 03:35 PM

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