ELECON ENGINEERING Announces Quarterly Results (1QFY20); Net Profit Down 96.1%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

ELECON ENGINEERING Announces Quarterly Results (1QFY20); Net Profit Down 96.1%
Mon, 29 Jul

ELECON ENGINEERING has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

ELECON ENGINEERING Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m3,0353,2622,714-16.8%-10.6%
Other incomeRs m372511-56.2%-70.9%
TurnoverRs m3,0723,2872,725-17.1%-11.3%
ExpensesRs m2,6972,8172,397-14.9%-11.1%
Gross profitRs m343445317-28.8%-7.6%
DepreciationRs m1201171212.7%0.6%
InterestRs m164200195-2.3%19.1%
Profit before taxRs m9715312-92.0%-87.4%
TaxRs m21649-85.7%-56.9%
Profit after taxRs m75883-96.7%-96.1%
Gross profit margin%11.313.611.7
Effective tax rate%22.242.276.1
Net profit margin%2.42.70.1
* 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 fell 10.6% on a year-on-year (YoY) basis. The expenses were down by 11.1% YoY during the same period.
  • The company's operating profit declined by 7.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.7% in 1QFY20 as against 11.3% in 1QFY19.
  • Depreciation charges increased by 0.6% and finance costs increased by 19.1% YoY, respectively.
  • Other income declined by 70.9% YoY during the quarter.
  • Net profit for the quarter declined by 96.1% YoY. Net profit margins during the quarter declined from 2.4% in 1QFY19 to 0.1% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 16.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 14.9% QoQ during the same period.
  • The company's operating profit declined by 28.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.7% in 1QFY20 as against 13.6% in 4QFY19.
  • Net profit for the quarter declined by 96.7% QoQ, while net profit margins declined from 2.7% in 4QFY19 to 0.1% in 1QFY20.

To see how ELECON ENGINEERING has performed over the last eight quarters,please visit here.

ELECON ENGINEERING Share Price Performance

Over the last one year,ELECON ENGINEERING share price has moved down from Rs 61.7 to Rs 38.5, registering a Loss of Rs 23.2 or around 37.6%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,543.6 (down 1.3%). Over the last one year it has moved down from 18,164.6 to 17,543.6, a gain of 621 points (down 3.4%).

Overall, the S&P BSE SENSEX is up 2.3% over the year.

Current Valuations

At the current price of Rs 38.5, the price to earnings (P/E) ratio of ELECON ENGINEERING stands at 7.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

Equitymaster requests your view! Post a comment on "ELECON ENGINEERING Announces Quarterly Results (1QFY20); Net Profit Down 96.1%". Click here!

  

Related Views on News

ELECON ENGINEERING Announces Quarterly Results (4QFY19); Net Profit Down 83.5% (Quarterly Result Update)

May 9, 2019 | Updated on May 9, 2019

For the quarter ended March 2019, ELECON ENGINEERING has posted a net profit of Rs 88 m (down 83.5% YoY). Sales on the other hand came in at Rs 3 bn (down 25.4% YoY). Read on for a complete analysis of ELECON ENGINEERING's quarterly results.

ELECON ENGINEERING Announces Quarterly Results (3QFY19); Net Profit Up 154.5% (Quarterly Result Update)

Feb 11, 2019 | Updated on Feb 11, 2019

For the quarter ended December 2018, ELECON ENGINEERING has posted a net profit of Rs 18 m (up 154.5% YoY). Sales on the other hand came in at Rs 3 bn (up 5.2% YoY). Read on for a complete analysis of ELECON ENGINEERING's quarterly results.

ELECON ENGINEERING 2017-18 Annual Report Analysis (Annual Result Update)

Dec 20, 2018 | Updated on Dec 20, 2018

Here's an analysis of the annual report of ELECON ENGINEERING for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of ELECON ENGINEERING. Also includes updates on the valuation of ELECON ENGINEERING.

Garden Reach Shipbuilders and Engineers Ltd: Is This PSU Shipbuilder Worth Betting On? (IPO)

Sep 24, 2018

Should you apply for the IPO of Garden Reach Shipbuilders and Engineers Ltd?

H.G Infra Engineering Ltd. (IPO)

Feb 24, 2018

Should you subscribe to the IPO of H.G Infra Engineering Ltd.?

More Views on News

Most Popular

Buying these Eight Stocks is Like Owning Your Own Business(Profit Hunter)

Sep 5, 2019

Everyone dreams of owning a business. Here is your chance.

7 Stocks to Buy in the Market Today(The 5 Minute Wrapup)

Sep 5, 2019

The stock market had a four-year bull run starting September 2013. Are we seeing a similar pattern now?

Don't Buy Lakshmi Vilas Bank...Buy this Private Sector Bank with 74% Upside(The 5 Minute Wrapup)

Sep 4, 2019

Lakshmi Vilas Bank is in a vicious cycle. The stock is already down 57% in 2019. Despite this, the retail investors increased their holding.

Insider Buying Alert: Promoters Increase Stake in 8 High-Quality Smallcaps(Profit Hunter)

Sep 3, 2019

Insiders have increased their stakes in eight Hidden Treasure recommendations. Should you follow them?

Buy these 7 Stocks if You Believe in India(The 5 Minute Wrapup)

Sep 12, 2019

News headlines predict gloom and doom for India these days. You should ignore them.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

ELECON ENGINEERING SHARE PRICE


Sep 13, 2019 (Close)

TRACK ELECON ENGINEERING

  • Track your investment in ELECON ENGINEERING with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON ELECON ENGINEERING

ELECON ENGINEERING - KALPATARU POWER COMPARISON

COMPARE ELECON ENGINEERING WITH

MARKET STATS