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EVEREST KANTO CYLINDER Announces Quarterly Results (4QFY19); Net Profit Up 132.8%

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EVEREST KANTO CYLINDER Announces Quarterly Results (4QFY19); Net Profit Up 132.8%
Fri, 14 Jun

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

EVEREST KANTO CYLINDER Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m1,5511,8601,8730.7%20.8%
Other incomeRs m421410-30.0%-76.6%
TurnoverRs m1,5931,8741,8830.5%18.2%
ExpensesRs m1,2121,5771,6514.7%36.3%
Gross profitRs m34029391-68.8%-73.1%
DepreciationRs m70758310.4%18.4%
InterestRs m8988902.9%1.9%
Profit before taxRs m223144-72-149.9%-132.3%
TaxRs m4033-499-1593.1%-1359.3%
Profit after taxRs m183111427285.9%132.8%
Gross profit margin%21.915.74.9
Effective tax rate%17.823.2693.6
Net profit margin%11.55.922.7
* 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 20.8% on a year-on-year (YoY) basis. The expenses were up by 36.3% YoY during the same period.
  • The company's operating profit declined by 73.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.9% in 4QFY19 as against 21.9% in 4QFY18.
  • Depreciation charges increased by 18.4% and finance costs increased by 1.9% YoY, respectively.
  • Other income declined by 76.6% YoY during the quarter.
  • Net profit for the quarter increased by 132.8% YoY. Net profit margins during the quarter increased from 11.5% in 4QFY18 to 22.7% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 0.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.7% QoQ during the same period.
  • The company's operating profit declined by 68.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.9% in 4QFY19 as against 15.7% in 3QFY18.
  • Net profit for the quarter increased by 285.9% QoQ, while net profit margins increased from 5.9% in 3QFY18 to 22.7% in 4QFY19.

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 41.1 to Rs 25.8, registering a Loss of Rs 15.3 or around 37.3%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 19,654.4 (up 0.8%). Over the last one year it has moved up from 18,480.9 to 19,654.4, a gain of 1,174 points (up 6.4%).

Overall, the S&P BSE SENSEX is up 10.9% over the year.

Current Valuations

At the current price of Rs 25.8, the price to earnings (P/E) ratio of EVEREST KANTO CYLINDER stands at 3.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

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