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.

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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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