DALMIA BHARAT Announces Quarterly Results (1QFY19); Net Profit Down 24.2%

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DALMIA BHARAT Announces Quarterly Results (1QFY19); Net Profit Down 24.2%
Mon, 13 Aug

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

DALMIA BHARAT Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m23,05526,38023,676-10.3%2.7%
Other incomeRs m700655432-33.9%-38.2%
TurnoverRs m23,75527,03524,108-10.8%1.5%
ExpensesRs m17,48920,72818,777-9.4%7.4%
Gross profitRs m5,2095,4044,661-13.7%-10.5%
DepreciationRs m1,5321,8611,798-3.4%17.3%
InterestRs m2,1171,3011,280-1.7%-39.6%
Profit before taxRs m2,2602,8962,016-30.4%-10.8%
TaxRs m6221,060773-27.0%24.4%
Profit after taxRs m1,6391,8371,243-32.3%-24.2%
Gross profit margin%22.620.519.7
Effective tax rate%27.536.638.4
Net profit margin%6.96.85.2
* 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 2.7% on a year-on-year (YoY) basis. The expenses were up by 7.4% YoY during the same period.
  • The company's operating profit declined by 10.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.7% in 1QFY19 as against 22.6% in 1QFY18.
  • Depreciation charges and finance costs increased by 17.3% YoY and 39.6% YoY, respectively.
  • Other income declined by 38.2% YoY during the quarter.
  • Net profit for the quarter declined by 24.2% YoY. Net profit margins during the quarter declined from 6.9% in 1QFY18 to 5.2% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 10.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 9.4% QoQ during the same period.
  • The company's operating profit declined by 13.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.7% in 1QFY19 as against 20.5% in 4QFY18.
  • Net profit for the quarter declined by 32.3% QoQ, while net profit margins declined from 6.8% in 4QFY18 to 5.2% in 1QFY19.

To see how DALMIA BHARAT has performed over the last eight quarters, please visit here.

DALMIA BHARAT Share Price Performance

Over the last one year, DALMIA BHARAT share price has moved up from Rs 2,498.4 to Rs 2,560.5, registering a Gain of Rs 62.2 or around 2.5%.

Overall, the S&P BSE SENSEX is up 19.5% over the year.

Current Valuations

At the current price of Rs 2,560.5, the price to earnings (P/E) ratio of DALMIA BHARAT stands at 39.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.4 times.

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Related Views on News

DALMIA BHARAT Announces Quarterly Results (4QFY18); Net Profit Down 0.2% (Quarterly Result Update)

Jul 19, 2018 | Updated on Jul 19, 2018

For the quarter ended March 2018, DALMIA BHARAT has posted a net profit of Rs 2 bn (down 0.2% YoY). Sales on the other hand came in at Rs 26 bn (up 8.4% YoY). Read on for a complete analysis of DALMIA BHARAT's quarterly results.

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