BAJAJ HIND. SUGAR Announces Quarterly Results (3QFY19); Net Profit Down 12.8%

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BAJAJ HIND. SUGAR Announces Quarterly Results (3QFY19); Net Profit Down 12.8%
Mon, 25 Feb

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

BAJAJ HIND. SUGAR Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m11,18715,50416,7037.7%49.3%
Other incomeRs m384446391-12.4%1.9%
TurnoverRs m11,57115,95017,0947.2%47.7%
ExpensesRs m10,54614,38117,45821.4%65.5%
Gross profitRs m6411,123-754-167.2%-217.7%
DepreciationRs m51049455011.4%7.8%
InterestRs m2,002825765-7.2%-61.8%
Profit before taxRs m-1,488251-1,679-768.5%
TaxRs m000-100.0%0.0%
Profit after taxRs m-1,488251-1,679-769.3%
Gross profit margin%5.77.2-4.5
Effective tax rate%0.00.10.0
Net profit margin%-12.91.6-9.8
* 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 49.3% on a year-on-year (YoY) basis. The expenses were up by 65.5% YoY during the same period.
  • The company's operating profit declined by 217.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.5% in 3QFY19 as against 5.7% in 3QFY18.
  • Depreciation charges increased by 7.8% and finance costs declined by 61.8% YoY, respectively.
  • Other income increased by 1.9% YoY during the quarter.
  • Net profit for the quarter declined by 12.8% YoY. Net profit margins during the quarter increased from -12.9% in 3QFY18 to -9.8% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 7.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 21.4% QoQ during the same period.
  • The company's operating profit declined by 167.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.5% in 3QFY19 as against 7.2% in 2QFY18.
  • Net profit for the quarter declined by 769.3% QoQ, while net profit margins declined from 1.6% in 2QFY18 to -9.8% in 3QFY19.

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

BAJAJ HIND. SUGAR Share Price Performance

Over the last one year, BAJAJ HIND. SUGAR share price has moved up from Rs 13.0 to Rs 8.4, registering a Loss of Rs 4.6 or around 35.3%.

Overall, the S&P BSE SENSEX is up 6.3% over the year.

Current Valuations

At the current price of Rs 8.4, the price to book value (P/BV) ratio of BAJAJ HIND. SUGAR stands at 0.2 times.

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