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

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BHAGYANAGAR IND Announces Quarterly Results (4QFY18); Net Profit Up 284.2%
Tue, 12 Jun

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

BHAGYANAGAR IND Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m9411,1931,2262.8%30.3%
Other incomeRs m87951214.4%1121.3%
TurnoverRs m9491,2001,32110.1%39.2%
ExpensesRs m9231,1571,1953.3%29.5%
Gross profitRs m183631-14.9%70.4%
DepreciationRs m9109-14.7%-4.5%
InterestRs m09109.2%0.0%
Profit before taxRs m1724107346.2%538.6%
TaxRs m-4527463.7%
Profit after taxRs m211980316.8%284.2%
Gross profit margin%1.93.02.5
Effective tax rate%-24.220.025.3
Net profit margin%2.21.66.0
* 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 30.3% on a year-on-year (YoY) basis. The expenses were up by 29.5% YoY during the same period.
  • The company's operating profit increased by 70.4% YoY during the quarter. Consequently, operating profit margins remained same and stood at 2.5% in 4QFY18.
  • Depreciation charges and finance costs declined by 4.5% YoY and 0.0% YoY, respectively.
  • Other income increased by 1121.3% YoY during the quarter.
  • Net profit for the quarter increased by 284.2% YoY. Net profit margins during the quarter increased from 2.2% in 4QFY17 to 6.0% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.3% QoQ during the same period.
  • The company's operating profit increased by 14.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2.5% in 4QFY18 as against 3.0% in 3QFY17.
  • Net profit for the quarter increased by 316.8% QoQ, while net profit margins increased from 1.6% in 3QFY17 to 6.0% in 4QFY18.

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 26.6 to Rs 42.6, registering a Gain of Rs 16.0 or around 60.2%.

Overall, the S&P BSE SENSEX is up 0.5% over the year.

Current Valuations

At the current price of Rs 42.6, the price to earnings (P/E) ratio of BHAGYANAGAR IND stands at 24.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.4 times.

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