DEEP INDUSTRIES Announces Quarterly Results (2QFY19); Net Profit Down 27.5%

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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.

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