DEEPAK NITRITE Announces Quarterly Results (4QFY19); Net Profit Up 178.4%

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DEEPAK NITRITE Announces Quarterly Results (4QFY19); Net Profit Up 178.4%
Tue, 7 May

DEEPAK NITRITE has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

DEEPAK NITRITE Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m3,9294,5234,8597.4%23.6%
Other incomeRs m655519-65.4%-70.6%
TurnoverRs m3,9944,5784,8786.5%22.1%
ExpensesRs m3,4403,8613,771-2.3%9.6%
Gross profitRs m4906621,08864.3%122.2%
DepreciationRs m1341331383.3%2.8%
InterestRs m11110499-4.2%-10.9%
Profit before taxRs m30948087081.1%181.6%
TaxRs m10616430585.4%187.8%
Profit after taxRs m20331656678.9%178.4%
Gross profit margin%12.514.622.4
Effective tax rate%34.234.235.0
Net profit margin%5.16.911.6
* 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 grew 23.6% on a year-on-year (YoY) basis. The expenses were up by 9.6% YoY during the same period.
  • The company's operating profit increased by 122.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.4% in 4QFY19 as against 12.5% in 4QFY18.
  • Depreciation charges increased by 2.8% and finance costs declined by 10.9% YoY, respectively.
  • Other income declined by 70.6% YoY during the quarter.
  • Net profit for the quarter increased by 178.4% YoY. Net profit margins during the quarter increased from 5.1% in 4QFY18 to 11.6% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 7.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.3% QoQ during the same period.
  • The company's operating profit increased by 64.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.4% in 4QFY19 as against 14.6% in 3QFY18.
  • Net profit for the quarter increased by 78.9% QoQ, while net profit margins increased from 6.9% in 3QFY18 to 11.6% in 4QFY19.

To see how DEEPAK NITRITE has performed over the last eight quarters, please visit here.

DEEPAK NITRITE Share Price Performance

Over the last one year, DEEPAK NITRITE share price has moved up from Rs 252.8 to Rs 289.8, registering a Gain of Rs 37.1 or around 14.7%.

Overall, the S&P BSE SENSEX is up 9.9% over the year.

Current Valuations

At the current price of Rs 289.8, the price to earnings (P/E) ratio of DEEPAK NITRITE stands at 28.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.3 times.

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