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BHAGYANAGAR IND Announces Quarterly Results (1QFY19); Net Profit Up 38.6%

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BHAGYANAGAR IND Announces Quarterly Results (1QFY19); Net Profit Up 38.6%
Tue, 7 Aug

BHAGYANAGAR IND has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

BHAGYANAGAR IND Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m1,0641,2261,2905.2%21.2%
Other incomeRs m6952-97.7%-62.7%
TurnoverRs m1,0701,3211,292-2.2%20.8%
ExpensesRs m1,0341,1951,2494.5%20.8%
Gross profitRs m30314133.4%35.8%
DepreciationRs m9991.6%0.6%
InterestRs m1010100.0%3.8%
Profit before taxRs m1810724-77.3%37.7%
TaxRs m4275-82.5%34.1%
Profit after taxRs m148020-75.5%38.6%
Gross profit margin%2.82.53.2
Effective tax rate%20.025.319.5
Net profit margin%1.36.01.5
* 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 21.2% on a year-on-year (YoY) basis. The expenses were up by 20.8% YoY during the same period.
  • The company's operating profit increased by 35.8% YoY during the quarter. Consequently, operating profit margins remained same and stood at 3.2% in 1QFY19.
  • Depreciation charges and finance costs increased by 0.6% YoY and 3.8% YoY, respectively.
  • Other income declined by 62.7% YoY during the quarter.
  • Net profit for the quarter increased by 38.6% YoY. Net profit margins during the quarter increased from 1.3% in 1QFY18 to 1.5% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 5.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.5% QoQ during the same period.
  • The company's operating profit increased by 33.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 3.2% in 1QFY19 as against 2.5% in 4QFY18.
  • Net profit for the quarter declined by 75.5% QoQ, while net profit margins declined from 6.1% in 4QFY18 to 1.5% in 1QFY19.

To see how BHAGYANAGAR IND has performed over the last eight quarters, please visit here.

BHAGYANAGAR IND Share Price Performance

Over the last one year, BHAGYANAGAR IND share price has moved up from Rs 23.5 to Rs 40.3, registering a Gain of Rs 16.8 or around 71.3%.

Overall, the S&P BSE SENSEX is up 0.0% over the year.

Current Valuations

At the current price of Rs 40.3, the price to earnings (P/E) ratio of BHAGYANAGAR IND stands at 22.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.4 times.

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BHAGYANAGAR IND 2017-18 Annual Report Analysis (Annual Result Update)

Jan 25, 2019 | Updated on Jan 25, 2019

Here's an analysis of the annual report of BHAGYANAGAR IND for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of BHAGYANAGAR IND. Also includes updates on the valuation of BHAGYANAGAR IND.

BHAGYANAGAR IND Announces Quarterly Results (2QFY19); Net Profit Up 20.9% (Quarterly Result Update)

Nov 12, 2018 | Updated on Nov 12, 2018

For the quarter ended September 2018, BHAGYANAGAR IND has posted a net profit of Rs 19 m (up 20.9% YoY). Sales on the other hand came in at Rs 1 bn (up 33.1% YoY). Read on for a complete analysis of BHAGYANAGAR IND's quarterly results.

BHAGYANAGAR IND Announces Quarterly Results (4QFY18); Net Profit Up 284.2% (Quarterly Result Update)

Jun 12, 2018 | Updated on Jun 12, 2018

For the quarter ended March 2018, BHAGYANAGAR IND has posted a net profit of Rs 80 m (up 284.2% YoY). Sales on the other hand came in at Rs 1 bn (up 30.3% YoY). Read on for a complete analysis of BHAGYANAGAR IND's quarterly results.

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