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EVEREST KANTO CYLINDER Announces Quarterly Results (2QFY19); Net Profit Up 8.7%

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EVEREST KANTO CYLINDER Announces Quarterly Results (2QFY19); Net Profit Up 8.7%
Tue, 27 Nov

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

EVEREST KANTO CYLINDER Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m1,3211,5611,72710.7%30.7%
Other incomeRs m53720-46.8%302.0%
TurnoverRs m1,3261,5981,7479.4%31.7%
ExpensesRs m1,0801,3001,53117.8%41.8%
Gross profitRs m241261196-24.8%-18.6%
DepreciationRs m9271743.2%-20.3%
InterestRs m849385-8.7%1.4%
Profit before taxRs m7013357-57.0%-18.0%
TaxRs m016-19-220.6%0.0%
Profit after taxRs m7011876-35.5%8.7%
Gross profit margin%18.316.711.4
Effective tax rate%0.011.6-32.6
Net profit margin%5.37.44.4
* 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 30.7% on a year-on-year (YoY) basis. The expenses were up by 41.8% YoY during the same period.
  • The company's operating profit declined by 18.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.4% in 2QFY19 as against 18.3% in 2QFY18.
  • Depreciation charges declined by 20.3% and finance costs increased by 1.4% YoY, respectively.
  • Other income increased by 302.0% YoY during the quarter.
  • Net profit for the quarter increased by 8.7% YoY. Net profit margins during the quarter declined from 5.3% in 2QFY18 to 4.4% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 10.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 17.8% QoQ during the same period.
  • The company's operating profit declined by 24.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.4% in 2QFY19 as against 16.7% in 1QFY18.
  • Net profit for the quarter declined by 35.5% QoQ, while net profit margins declined from 7.4% in 1QFY18 to 4.4% in 2QFY19.

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 51.9 to Rs 29.1, registering a Loss of Rs 22.9 or around 44.0%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,542.4 (up 0.1%). Over the last one year it has moved up from 18,513.1 to 18,542.4, a gain of 29 points (up 0.2%).

Overall, the S&P BSE SENSEX is up 5.1% over the year.

Current Valuations

At the current price of Rs 29.1, the price to earnings (P/E) ratio of EVEREST KANTO CYLINDER stands at 6.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.0 times.

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