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EVEREST KANTO CYLINDER Announces Quarterly Results (1QFY19); Net Profit Down 22.9%

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EVEREST KANTO CYLINDER Announces Quarterly Results (1QFY19); Net Profit Down 22.9%
Tue, 21 Aug

EVEREST KANTO CYLINDER has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

EVEREST KANTO CYLINDER Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m1,2501,5511,5610.6%24.9%
Other incomeRs m54237-11.5%655.1%
TurnoverRs m1,2551,5931,5980.3%27.3%
ExpensesRs m1,1831,2121,3007.3%9.8%
Gross profitRs m376340261-23.2%-30.6%
DepreciationRs m13170711.9%-45.7%
InterestRs m9789935.3%-3.6%
Profit before taxRs m153223133-40.2%-12.8%
TaxRs m04016-60.9%0.0%
Profit after taxRs m153183118-35.7%-22.9%
Gross profit margin%30.121.916.7
Effective tax rate%0.017.811.6
Net profit margin%12.211.57.4
* 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 24.9% on a year-on-year (YoY) basis. The expenses were up by 9.8% YoY during the same period.
  • The company's operating profit declined by 30.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.7% in 1QFY19 as against 30.1% in 1QFY18.
  • Depreciation charges and finance costs declined by 45.7% YoY and 3.6% YoY, respectively.
  • Other income increased by 655.1% YoY during the quarter.
  • Net profit for the quarter declined by 22.9% YoY. Net profit margins during the quarter declined from 12.2% in 1QFY18 to 7.4% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 0.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.3% QoQ during the same period.
  • The company's operating profit declined by 23.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.7% in 1QFY19 as against 21.9% in 4QFY18.
  • Net profit for the quarter declined by 35.7% QoQ, while net profit margins declined from 11.5% in 4QFY18 to 7.4% in 1QFY19.

To see how EVEREST KANTO CYLINDER has performed over the last eight quarters, please visit here.

EVEREST KANTO CYLINDER Share Price Performance

Over the last one year, EVEREST KANTO CYLINDER share price has moved up from Rs 37.7 to Rs 33.7, registering a Loss of Rs 4.0 or around 10.6%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,588.4 (up 0.3%). Over the last one year it has moved up from 17,077.6 to 18,588.4, a gain of 1,511 points (up 8.8%).

Overall, the S&P BSE SENSEX is up 22.5% over the year.

Current Valuations

At the current price of Rs 33.7, the price to earnings (P/E) ratio of EVEREST KANTO CYLINDER stands at 7.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.2 times.

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