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

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BAJAJ ELECTRICALS Announces Quarterly Results (4QFY19); Net Profit Up 290.4%
Fri, 24 May

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

BAJAJ ELECTRICALS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m16,06321,61817,729-18.0%10.4%
Other incomeRs m22655263375.9%16.5%
TurnoverRs m16,28821,67417,992-17.0%10.5%
ExpensesRs m14,71320,24017,036-15.8%15.8%
Gross profitRs m4561,378694-49.6%52.1%
DepreciationRs m8910099-0.9%11.7%
InterestRs m15533341925.8%171.1%
Profit before taxRs m4391,000439-56.1%0.0%
TaxRs m365361153-57.6%-58.1%
Profit after taxRs m73639285-55.4%290.4%
Gross profit margin%2.86.43.9
Effective tax rate%83.336.134.9
Net profit margin%0.42.91.6
* 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 10.4% on a year-on-year (YoY) basis. The expenses were up by 15.8% YoY during the same period.
  • The company's operating profit increased by 52.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 3.9% in 4QFY19 as against 2.8% in 4QFY18.
  • Depreciation charges increased by 11.7% and finance costs increased by 171.1% YoY, respectively.
  • Other income increased by 16.5% YoY during the quarter.
  • Net profit for the quarter increased by 290.4% YoY. Net profit margins during the quarter increased from 0.4% in 4QFY18 to 1.6% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 18.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 15.8% QoQ during the same period.
  • The company's operating profit declined by 49.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.9% in 4QFY19 as against 6.4% in 3QFY18.
  • Net profit for the quarter declined by 55.4% QoQ, while net profit margins declined from 2.9% in 3QFY18 to 1.6% in 4QFY19.

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 563.2 to Rs 549.2, registering a Loss of Rs 14.0 or around 2.5%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 24,008.8 (down 0.6%). Over the last one year it has moved up from 21,173.4 to 24,008.8, a gain of 2,835 points (up 13.4%).

Overall, the S&P BSE SENSEX is up 13.3% over the year.

Current Valuations

At the current price of Rs 549.2, the price to earnings (P/E) ratio of BAJAJ ELECTRICALS stands at 33.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.9 times.

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