ELECON ENGINEERING Announces Quarterly Results (2QFY20); Net Profit Down 81.5%

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ELECON ENGINEERING Announces Quarterly Results (2QFY20); Net Profit Down 81.5%
Thu, 31 Oct

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

ELECON ENGINEERING Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m3,2082,7142,662-1.9%-17.0%
Other incomeRs m4991132199.7%-93.6%
TurnoverRs m3,7072,7252,694-1.1%-27.3%
ExpensesRs m2,8882,3972,261-5.6%-21.7%
Gross profitRs m31931740026.2%25.3%
DepreciationRs m1221211264.8%4.0%
InterestRs m163195189-3.1%16.1%
Profit before taxRs m53412117863.2%-78.1%
TaxRs m47927190.3%-43.3%
Profit after taxRs m4873903002.1%-81.5%
Gross profit margin%10.011.715.0
Effective tax rate%8.976.122.9
Net profit margin%13.10.13.4
* 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 fell 17.0% on a year-on-year (YoY) basis. The expenses were down by 21.7% YoY during the same period.
  • The company's operating profit increased by 25.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.0% in 2QFY20 as against 10.0% in 2QFY19.
  • Depreciation charges increased by 4.0% and finance costs increased by 16.1% YoY, respectively.
  • Other income declined by 93.6% YoY during the quarter.
  • Net profit for the quarter declined by 81.5% YoY. Net profit margins during the quarter declined from 13.1% in 2QFY19 to 3.4% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 5.6% QoQ during the same period.
  • The company's operating profit increased by 26.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.0% in 2QFY20 as against 11.7% in 1QFY19.
  • Net profit for the quarter increased by 3002.1% QoQ, while net profit margins increased from 0.1% in 1QFY19 to 3.4% in 2QFY20.

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 54.8 to Rs 32.9, registering a Loss of Rs 21.9 or around 39.9%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,937.9 (up 0.5%). Over the last one year it has moved up from 17,488.6 to 18,937.9, a gain of 1,449 points (up 8.3%).

Overall, the S&P BSE SENSEX is up 18.7% over the year.

Current Valuations

At the current price of Rs 32.9, the price to earnings (P/E) ratio of ELECON ENGINEERING stands at 17.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.5 times.

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

Jul 29, 2019 | Updated on Jul 29, 2019

For the quarter ended June 2019, ELECON ENGINEERING has posted a net profit of Rs 3 m (down 96.1% YoY). Sales on the other hand came in at Rs 3 bn (down 10.6% YoY). Read on for a complete analysis of ELECON ENGINEERING's quarterly results.

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