BAJAJ ELECTRICALS Announces Quarterly Results (3QFY19); Net Profit Up 73.6%

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BAJAJ ELECTRICALS Announces Quarterly Results (3QFY19); Net Profit Up 73.6%
Tue, 12 Feb

BAJAJ ELECTRICALS has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

BAJAJ ELECTRICALS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m11,45115,98421,61835.2%88.8%
Other incomeRs m965855-4.2%-42.5%
TurnoverRs m11,54716,04221,67435.1%87.7%
ExpensesRs m10,74815,18520,24033.3%88.3%
Gross profitRs m7037991,37872.4%96.0%
DepreciationRs m83941006.2%19.9%
InterestRs m14423033344.7%132.1%
Profit before taxRs m5725331,00087.8%74.8%
TaxRs m20419236188.1%77.0%
Profit after taxRs m36834163987.6%73.6%
Gross profit margin%6.15.06.4
Effective tax rate%35.636.036.1
Net profit margin%3.22.12.9
* 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 88.8% on a year-on-year (YoY) basis. The expenses were up by 88.3% YoY during the same period.
  • The company's operating profit increased by 96.0% YoY during the quarter. Consequently, operating profit margins remained same and stood at 6.4% in 3QFY19.
  • Depreciation charges increased by 19.9% and finance costs increased by 132.1% YoY, respectively.
  • Other income declined by 42.5% YoY during the quarter.
  • Net profit for the quarter increased by 73.6% YoY. Net profit margins during the quarter declined from 3.2% in 3QFY18 to 2.9% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 35.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 33.3% QoQ during the same period.
  • The company's operating profit increased by 72.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 6.4% in 3QFY19 as against 5.0% in 2QFY18.
  • Net profit for the quarter increased by 87.6% QoQ, while net profit margins increased from 2.1% in 2QFY18 to 2.9% in 3QFY19.

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 up from Rs 518.9 to Rs 469.0, registering a Loss of Rs 49.9 or around 9.6%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 21,585.4 (up 0.2%). Over the last one year it has moved up from 21,309.6 to 21,585.4, a gain of 276 points (up 1.3%).

Overall, the S&P BSE SENSEX is up 6.1% over the year.

Current Valuations

At the current price of Rs 469.0, the price to earnings (P/E) ratio of BAJAJ ELECTRICALS stands at 32.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.0 times.

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Dec 13, 2019 02:09 PM

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