BHARAT BIJLEE Announces Quarterly Results (2QFY20); Net Profit Up 11.7%

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BHARAT BIJLEE Announces Quarterly Results (2QFY20); Net Profit Up 11.7%
Tue, 29 Oct

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

BHARAT BIJLEE Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m2,3782,2471,970-12.3%-17.2%
Other incomeRs m5966684.0%15.8%
TurnoverRs m2,4372,3132,038-11.9%-16.4%
ExpensesRs m2,2732,0861,865-10.6%-17.9%
Gross profitRs m105161104-35.3%-0.9%
DepreciationRs m2221222.8%-2.3%
InterestRs m34455010.0%46.3%
Profit before taxRs m108161101-36.9%-6.3%
TaxRs m475434-38.1%-29.3%
Profit after taxRs m6110768-36.4%11.7%
Gross profit margin%4.47.25.3
Effective tax rate%43.833.633.0
Net profit margin%2.54.63.3
* 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 17.2% on a year-on-year (YoY) basis. The expenses were down by 17.9% YoY during the same period.
  • The company's operating profit declined by 0.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 5.3% in 2QFY20 as against 4.4% in 2QFY19.
  • Depreciation charges declined by 2.3% and finance costs increased by 46.3% YoY, respectively.
  • Other income increased by 15.8% YoY during the quarter.
  • Net profit for the quarter increased by 11.7% YoY. Net profit margins during the quarter increased from 2.5% in 2QFY19 to 3.3% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 12.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 10.6% QoQ during the same period.
  • The company's operating profit declined by 35.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.3% in 2QFY20 as against 7.2% in 1QFY19.
  • Net profit for the quarter declined by 36.4% QoQ, while net profit margins declined from 4.6% in 1QFY19 to 3.3% in 2QFY20.

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

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BHARAT BIJLEE Share Price Performance

Over the last one year,BHARAT BIJLEE share price has moved down from Rs 1,124.6 to Rs 864.0, registering a Loss of Rs 260.6 or around 23.2%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,488.0 (up 0.6%). Over the last one year it has moved up from 17,009.8 to 18,488.0, a gain of 1,478 points (up 8.7%).

Overall, the S&P BSE SENSEX is up 16.0% over the year.

Current Valuations

At the current price of Rs 864.0, the price to earnings (P/E) ratio of BHARAT BIJLEE stands at 12.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

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For the quarter ended June 2019, BHARAT BIJLEE has posted a net profit of Rs 107 m (down 16.7% YoY). Sales on the other hand came in at Rs 2 bn (up 14.2% YoY). Read on for a complete analysis of BHARAT BIJLEE's quarterly results.

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