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

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BHAGYANAGAR IND Announces Quarterly Results (2QFY19); Net Profit Up 20.9%
Mon, 12 Nov

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

BHAGYANAGAR IND Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m1,0811,2901,43911.6%33.1%
Other incomeRs m720-77.6%-93.4%
TurnoverRs m1,0891,2921,44011.4%32.3%
ExpensesRs m1,0511,2491,39211.4%32.5%
Gross profitRs m30414716.1%55.3%
DepreciationRs m9997.5%4.8%
InterestRs m9101548.0%57.0%
Profit before taxRs m202424-2.3%21.0%
TaxRs m4550.2%21.0%
Profit after taxRs m162019-2.9%20.9%
Gross profit margin%2.83.23.3
Effective tax rate%20.019.520.0
Net profit margin%1.41.51.3
* 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 33.1% on a year-on-year (YoY) basis. The expenses were up by 32.5% YoY during the same period.
  • The company's operating profit increased by 55.3% YoY during the quarter. Consequently, operating profit margins remained same and stood at 3.3% in 2QFY19.
  • Depreciation charges increased by 4.8% and finance costs increased by 57.0% YoY, respectively.
  • Other income declined by 93.4% YoY during the quarter.
  • Net profit for the quarter increased by 20.9% YoY. Net profit margins during the quarter declined from 1.4% in 2QFY18 to 1.3% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 11.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 11.4% QoQ during the same period.
  • The company's operating profit increased by 16.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 3.3% in 2QFY19 as against 3.2% in 1QFY18.
  • Net profit for the quarter declined by 2.9% QoQ, while net profit margins declined from 1.5% in 1QFY18 to 1.3% in 2QFY19.

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 38.1 to Rs 32.4, registering a Loss of Rs 5.7 or around 15.0%.

Overall, the S&P BSE SENSEX is up 5.8% over the year.

Current Valuations

At the current price of Rs 32.4, the price to earnings (P/E) ratio of BHAGYANAGAR IND stands at 17.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.1 times.

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For the quarter ended June 2019, BHAGYANAGAR IND has posted a net profit of Rs 12 m (down 37.0% YoY). Sales on the other hand came in at Rs 1 bn (down 2.0% YoY). Read on for a complete analysis of BHAGYANAGAR IND's quarterly results.

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For the quarter ended June 2018, BHAGYANAGAR IND has posted a net profit of Rs 20 m (up 38.6% YoY). Sales on the other hand came in at Rs 1 bn (up 21.2% YoY). Read on for a complete analysis of BHAGYANAGAR IND's quarterly results.

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