EVEREST KANTO CYLINDER Announces Quarterly Results (3QFY19); Net Profit Down 6.5%

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EVEREST KANTO CYLINDER Announces Quarterly Results (3QFY19); Net Profit Down 6.5%
Tue, 19 Feb

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

EVEREST KANTO CYLINDER Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m1,3151,7271,8607.7%41.5%
Other incomeRs m1072014-28.9%-87.0%
TurnoverRs m1,4221,7471,8747.3%31.8%
ExpensesRs m1,1221,5311,5773.0%40.5%
Gross profitRs m19219629349.2%52.3%
DepreciationRs m9274752.0%-18.5%
InterestRs m8385883.1%6.2%
Profit before taxRs m12557144151.3%15.3%
TaxRs m7-1933406.1%
Profit after taxRs m1187611145.5%-6.5%
Gross profit margin%14.611.415.7
Effective tax rate%5.3-32.623.2
Net profit margin%8.34.45.9
* 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 41.5% on a year-on-year (YoY) basis. The expenses were up by 40.5% YoY during the same period.
  • The company's operating profit increased by 52.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.7% in 3QFY19 as against 14.6% in 3QFY18.
  • Depreciation charges declined by 18.5% and finance costs increased by 6.2% YoY, respectively.
  • Other income declined by 87.0% YoY during the quarter.
  • Net profit for the quarter declined by 6.5% YoY. Net profit margins during the quarter declined from 8.3% in 3QFY18 to 5.9% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 7.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.0% QoQ during the same period.
  • The company's operating profit increased by 49.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.7% in 3QFY19 as against 11.4% in 2QFY18.
  • Net profit for the quarter increased by 45.5% QoQ, while net profit margins increased from 4.4% in 2QFY18 to 5.9% in 3QFY19.

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 54.8 to Rs 24.5, registering a Loss of Rs 30.3 or around 55.3%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 16,449.8 (up 0.8%). Over the last one year it has moved down from 18,900.9 to 16,449.8, a gain of 2,451 points (down 13.0%).

Overall, the S&P BSE SENSEX is up 5.5% over the year.

Current Valuations

At the current price of Rs 24.5, the price to earnings (P/E) ratio of EVEREST KANTO CYLINDER stands at 5.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

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