BHARAT BIJLEE Announces Quarterly Results (4QFY19); Net Profit Down 80.3%

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BHARAT BIJLEE Announces Quarterly Results (4QFY19); Net Profit Down 80.3%
Wed, 8 May

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

BHARAT BIJLEE Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m2,2282,2482,73121.5%22.5%
Other incomeRs m71548047.5%12.7%
TurnoverRs m2,2992,3022,81022.1%22.2%
ExpensesRs m2,1042,0592,60426.5%23.8%
Gross profitRs m592189126-33.3%-78.7%
DepreciationRs m232118-12.4%-18.6%
InterestRs m54404614.2%-15.5%
Profit before taxRs m586182142-22.1%-75.8%
TaxRs m985245-12.5%-53.5%
Profit after taxRs m48913096-26.0%-80.3%
Gross profit margin%26.68.44.6
Effective tax rate%16.628.532.0
Net profit margin%21.35.73.4
* 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 22.5% on a year-on-year (YoY) basis. The expenses were up by 23.8% YoY during the same period.
  • The company's operating profit declined by 78.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.6% in 4QFY19 as against 26.6% in 4QFY18.
  • Depreciation charges declined by 18.6% and finance costs declined by 15.5% YoY, respectively.
  • Other income increased by 12.7% YoY during the quarter.
  • Net profit for the quarter declined by 80.3% YoY. Net profit margins during the quarter declined from 21.3% in 4QFY18 to 3.4% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 21.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 26.5% QoQ during the same period.
  • The company's operating profit declined by 33.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.6% in 4QFY19 as against 8.4% in 3QFY18.
  • Net profit for the quarter declined by 26.0% QoQ, while net profit margins declined from 5.6% in 3QFY18 to 3.4% in 4QFY19.

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 1,655.3 to Rs 1,008.2, registering a Loss of Rs 647.1 or around 39.1%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,861.7 (down 0.4%). Over the last one year it has moved down from 19,166.2 to 17,861.7, a gain of 1,305 points (down 6.8%).

Overall, the S&P BSE SENSEX is up 8.0% over the year.

Current Valuations

At the current price of Rs 1,008.2, the price to earnings (P/E) ratio of BHARAT BIJLEE stands at 13.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.8 times.

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