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

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DEEP INDUSTRIES Announces Quarterly Results (3QFY19); Net Profit Down 18.3%
Mon, 25 Feb

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

DEEP INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m74754860410.1%-19.1%
Other incomeRs m294790.6%-74.8%
TurnoverRs m77655261110.7%-21.2%
ExpensesRs m3702462637.0%-29.0%
Gross profitRs m37630334112.7%-9.4%
DepreciationRs m988888-1.0%-10.2%
InterestRs m28203150.8%10.9%
Profit before taxRs m28019823016.4%-17.8%
TaxRs m96678018.9%-16.8%
Profit after taxRs m18413015015.1%-18.3%
Gross profit margin%50.455.256.5
Effective tax rate%34.334.034.8
Net profit margin%23.723.624.6
* 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 19.1% on a year-on-year (YoY) basis. The expenses were down by 29.0% YoY during the same period.
  • The company's operating profit declined by 9.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 56.5% in 3QFY19 as against 50.4% in 3QFY18.
  • Depreciation charges declined by 10.2% and finance costs increased by 10.9% YoY, respectively.
  • Other income declined by 74.8% YoY during the quarter.
  • Net profit for the quarter declined by 18.3% YoY. Net profit margins during the quarter increased from 23.7% in 3QFY18 to 24.6% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 10.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.0% QoQ during the same period.
  • The company's operating profit increased by 12.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 56.5% in 3QFY19 as against 55.2% in 2QFY18.
  • Net profit for the quarter increased by 15.1% QoQ, while net profit margins increased from 23.6% in 2QFY18 to 24.6% in 3QFY19.

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 192.5 to Rs 119.7, registering a Loss of Rs 72.8 or around 37.8%.

Overall, the S&P BSE SENSEX is up 6.3% over the year.

Current Valuations

At the current price of Rs 119.7, the price to earnings (P/E) ratio of DEEP INDUSTRIES stands at 5.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.8 times.

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