EIH LTD Announces Quarterly Results (2QFY19); Net Profit Up 1244.2%

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EIH LTD Announces Quarterly Results (2QFY19); Net Profit Up 1244.2%
Tue, 6 Nov

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

EIH LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m2,7233,3503,335-0.4%22.5%
Other incomeRs m21085233174.2%11.1%
TurnoverRs m2,9333,4353,5683.9%21.6%
ExpensesRs m2,6332,8672,9693.6%12.7%
Gross profitRs m90483483-0.1%436.8%
DepreciationRs m2653063101.1%16.9%
InterestRs m2910111917.6%309.6%
Profit before taxRs m616028778.9%4929.8%
TaxRs m-145822-62.5%
Profit after taxRs m20102265159.9%1244.2%
Gross profit margin%3.314.414.5
Effective tax rate%-245.636.47.6
Net profit margin%0.73.07.4
* 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 22.5% on a year-on-year (YoY) basis. The expenses were up by 12.7% YoY during the same period.
  • The company's operating profit increased by 436.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.5% in 2QFY19 as against 3.3% in 2QFY18.
  • Depreciation charges increased by 16.9% and finance costs increased by 309.6% YoY, respectively.
  • Other income increased by 11.1% YoY during the quarter.
  • Net profit for the quarter increased by 1244.2% YoY. Net profit margins during the quarter increased from 0.7% in 2QFY18 to 7.4% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.6% QoQ during the same period.
  • The company's operating profit increased by 0.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.5% in 2QFY19 as against 14.4% in 1QFY18.
  • Net profit for the quarter increased by 159.9% QoQ, while net profit margins increased from 3.0% in 1QFY18 to 7.4% in 2QFY19.

To see how EIH LTD has performed over the last eight quarters, please visit here.

EIH LTD Share Price Performance

Over the last one year, EIH LTD share price has moved up from Rs 151.0 to Rs 172.2, registering a Gain of Rs 21.2 or around 14.0%.

Overall, the S&P BSE SENSEX is up 4.1% over the year.

Current Valuations

At the current price of Rs 172.2, the price to earnings (P/E) ratio of EIH LTD stands at 72.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.4 times.

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