BAJAJ ELECTRICALS Announces Quarterly Results (1QFY20); Net Profit Down 57.1%

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BAJAJ ELECTRICALS Announces Quarterly Results (1QFY20); Net Profit Down 57.1%
Tue, 13 Aug

BAJAJ ELECTRICALS has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

BAJAJ ELECTRICALS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m11,39917,72912,978-26.8%13.8%
Other incomeRs m93263179-31.7%92.7%
TurnoverRs m11,49217,99213,157-26.9%14.5%
ExpensesRs m10,60117,03612,228-28.2%15.3%
Gross profitRs m7986947508.0%-6.1%
DepreciationRs m929916162.8%76.0%
InterestRs m17741949518.1%179.9%
Profit before taxRs m623439273-37.7%-56.2%
TaxRs m21815399-35.3%-54.5%
Profit after taxRs m405285174-39.0%-57.1%
Gross profit margin%7.03.95.8
Effective tax rate%34.934.936.3
Net profit margin%3.51.61.3
* 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 grew 13.8% on a year-on-year (YoY) basis. The expenses were up by 15.3% YoY during the same period.
  • The company's operating profit declined by 6.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.8% in 1QFY20 as against 7.0% in 1QFY19.
  • Depreciation charges increased by 76.0% and finance costs increased by 179.9% YoY, respectively.
  • Other income increased by 92.7% YoY during the quarter.
  • Net profit for the quarter declined by 57.1% YoY. Net profit margins during the quarter declined from 3.5% in 1QFY19 to 1.3% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 26.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 28.2% QoQ during the same period.
  • The company's operating profit increased by 8.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 5.8% in 1QFY20 as against 3.9% in 4QFY19.
  • Net profit for the quarter declined by 39.0% QoQ, while net profit margins declined from 1.6% in 4QFY19 to 1.3% in 1QFY20.

To see how BAJAJ ELECTRICALS has performed over the last eight quarters,please visit here.

BAJAJ ELECTRICALS Share Price Performance

Over the last one year,BAJAJ ELECTRICALS share price has moved down from Rs 556.0 to Rs 382.3, registering a Loss of Rs 173.7 or around 31.2%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 22,742.2 (up 0.1%). Over the last one year it has moved up from 21,960.4 to 22,742.2, a gain of 782 points (up 3.6%).

Overall, the S&P BSE SENSEX is down 1.2% over the year.

Current Valuations

At the current price of Rs 382.3, the price to earnings (P/E) ratio of BAJAJ ELECTRICALS stands at 26.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.1 times.

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BAJAJ ELECTRICALS 2018-19 Annual Report Analysis (Annual Result Update)

Sep 30, 2019 | Updated on Sep 30, 2019

Here's an analysis of the annual report of BAJAJ ELECTRICALS for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of BAJAJ ELECTRICALS. Also includes updates on the valuation of BAJAJ ELECTRICALS.

BAJAJ ELECTRICALS Announces Quarterly Results (4QFY19); Net Profit Up 290.4% (Quarterly Result Update)

May 24, 2019 | Updated on May 24, 2019

For the quarter ended March 2019, BAJAJ ELECTRICALS has posted a net profit of Rs 285 m (up 290.4% YoY). Sales on the other hand came in at Rs 18 bn (up 10.4% YoY). Read on for a complete analysis of BAJAJ ELECTRICALS's quarterly results.

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