X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
DEEP INDUSTRIES Announces Quarterly Results (2QFY19); Net Profit Down 27.5%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

DEEP INDUSTRIES Announces Quarterly Results (2QFY19); Net Profit Down 27.5%
Tue, 27 Nov

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

DEEP INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m736738548-25.7%-25.5%
Other incomeRs m10104-60.6%-62.8%
TurnoverRs m747748552-26.2%-26.0%
ExpensesRs m344342246-28.1%-28.5%
Gross profitRs m393397303-23.6%-22.9%
DepreciationRs m968988-0.2%-7.8%
InterestRs m303920-48.3%-33.1%
Profit before taxRs m277278198-28.9%-28.5%
TaxRs m979767-30.9%-30.3%
Profit after taxRs m180181130-27.8%-27.5%
Gross profit margin%53.353.755.2
Effective tax rate%34.935.034.0
Net profit margin%24.124.223.6
* 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 fell 25.5% on a year-on-year (YoY) basis. The expenses were down by 28.5% YoY during the same period.
  • The company's operating profit declined by 22.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 55.2% in 2QFY19 as against 53.3% in 2QFY18.
  • Depreciation charges declined by 7.8% and finance costs declined by 33.1% YoY, respectively.
  • Other income declined by 62.8% YoY during the quarter.
  • Net profit for the quarter declined by 27.5% YoY. Net profit margins during the quarter declined from 24.1% in 2QFY18 to 23.6% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 25.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 28.1% QoQ during the same period.
  • The company's operating profit increased by 23.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 55.2% in 2QFY19 as against 53.7% in 1QFY18.
  • Net profit for the quarter declined by 27.8% QoQ, while net profit margins declined from 24.2% in 1QFY18 to 23.6% in 2QFY19.

To see how DEEP INDUSTRIES has performed over the last eight quarters, please visit here.

DEEP INDUSTRIES Share Price Performance

Over the last one year, DEEP INDUSTRIES share price has moved up from Rs 218.2 to Rs 143.2, registering a Loss of Rs 75.0 or around 34.4%.

Overall, the S&P BSE SENSEX is up 5.2% over the year.

Current Valuations

At the current price of Rs 143.2, the price to earnings (P/E) ratio of DEEP INDUSTRIES stands at 6.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.0 times.

Equitymaster requests your view! Post a comment on "DEEP INDUSTRIES Announces Quarterly Results (2QFY19); Net Profit Down 27.5%". Click here!

  

Related Views on News

DEEP INDUSTRIES Announces Quarterly Results (3QFY19); Net Profit Down 18.3% (Quarterly Result Update)

Feb 25, 2019 | Updated on Feb 25, 2019

For the quarter ended December 2018, DEEP INDUSTRIES has posted a net profit of Rs 150 m (down 18.3% YoY). Sales on the other hand came in at Rs 604 m (down 19.1% YoY). Read on for a complete analysis of DEEP INDUSTRIES's quarterly results.

DEEP INDUSTRIES 2017-18 Annual Report Analysis (Annual Result Update)

Dec 19, 2018 | Updated on Dec 19, 2018

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

MSTC IPO: Should You Bet on This State-Run E-Commerce Player? (IPO)

Mar 13, 2019

Should you subscribe to the IPO of MSPC Limited?

Hindustan Aeronautics IPO: Yet Another Play on India's Defence Sector (IPO)

Mar 14, 2018

Should you apply for the IPO of state-run military aircraft maker Hindustan Aeronautics?

Bharat Dynamics IPO: Worth Betting on Defence Manufacturing? (IPO)

Mar 12, 2018

Should you apply for the IPO of Bharat Dynamics, India's first state-owned missile manufacturer?

More Views on News

Most Popular

My Top 3 Defence Stocks to Buy Now(The 5 Minute Wrapup)

Mar 19, 2019

The urgency to privatise India's defence sector to make India self-reliant was never as strong as it is today.

This Small Cap Stock Could Offer Triple Digit Gains from its Current Price(Profit Hunter)

Mar 19, 2019

If you are still waiting for signals, remember, there is no correct timing, only right time to Buy stocks. For select small caps, that time is now.

5 Fundamentally Strong Stocks to Pick for Trading Today(Profit Hunter)

Mar 15, 2019

5 fundamentally strong stocks one could buy to trade in this market right now. Make sure you grab the chance this strongly rallying market offers.

Elections Don't Matter!(The Honest Truth)

Mar 13, 2019

Ajit Dayal shows us why from the point of view of the Indian economy, elections don't matter.

Two Growth Stocks that Doubled in a Little Over 12 Months!(The 5 Minute Wrapup)

Mar 13, 2019

The elements that fueled profit growth for these two companies led to a surge in their stock prices.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

DEEP INDUSTRIES SHARE PRICE


Mar 25, 2019 (Close)

TRACK DEEP INDUSTRIES

  • Track your investment in DEEP INDUSTRIES with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON DEEP INDUSTRIES

DEEP INDUSTRIES - MRPL COMPARISON

COMPARE DEEP INDUSTRIES WITH

MARKET STATS