X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
ELECON ENGINEERING Announces Quarterly Results (3QFY19); Net Profit Up 154.5%

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 (3QFY19); Net Profit Up 154.5%
Mon, 11 Feb

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

ELECON ENGINEERING Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m2,5913,2082,726-15.0%5.2%
Other incomeRs m7499112-77.5%1547.3%
TurnoverRs m2,5983,7072,839-23.4%9.3%
ExpensesRs m2,3252,8882,494-13.6%7.3%
Gross profitRs m266319232-27.3%-12.8%
DepreciationRs m130122120-1.4%-8.0%
InterestRs m171163158-3.0%-7.6%
Profit before taxRs m-2853466-87.6%
TaxRs m547481.7%821.0%
Profit after taxRs m-3448718-96.2%
Gross profit margin%10.310.08.5
Effective tax rate%-18.48.972.5
Net profit margin%-1.313.10.6
* 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 5.2% on a year-on-year (YoY) basis. The expenses were up by 7.3% YoY during the same period.
  • The company's operating profit declined by 12.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.5% in 3QFY19 as against 10.3% in 3QFY18.
  • Depreciation charges declined by 8.0% and finance costs declined by 7.6% YoY, respectively.
  • Other income increased by 1547.3% YoY during the quarter.
  • Net profit for the quarter increased by 154.5% YoY. Net profit margins during the quarter increased from -1.3% in 3QFY18 to 0.6% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 15.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 13.6% QoQ during the same period.
  • The company's operating profit declined by 27.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.5% in 3QFY19 as against 10.0% in 2QFY18.
  • Net profit for the quarter declined by 96.2% QoQ, while net profit margins declined from 13.1% in 2QFY18 to 0.6% in 3QFY19.

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 up from Rs 82.2 to Rs 61.6, registering a Loss of Rs 20.6 or around 25.0%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 16,409.9 (down 2.6%). Over the last one year it has moved down from 19,240.4 to 16,409.9, a gain of 2,831 points (down 14.7%).

Overall, the S&P BSE SENSEX is up 5.6% over the year.

Current Valuations

At the current price of Rs 61.6, the price to earnings (P/E) ratio of ELECON ENGINEERING stands at 6.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.

Equitymaster requests your view! Post a comment on "ELECON ENGINEERING Announces Quarterly Results (3QFY19); Net Profit Up 154.5%". Click here!

  

Related Views on News

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.

ELECON ENGINEERING Announces Quarterly Results (2QFY19); Net Profit Up 763.5% (Quarterly Result Update)

Nov 12, 2018 | Updated on Nov 12, 2018

For the quarter ended September 2018, ELECON ENGINEERING has posted a net profit of Rs 487 m (up 763.5% YoY). Sales on the other hand came in at Rs 3 bn (up 28.5% YoY). Read on for a complete analysis of ELECON ENGINEERING's quarterly results.

ELECON ENGINEERING Announces Quarterly Results (1QFY19); Net Profit Down 120.6% (Quarterly Result Update)

Aug 6, 2018 | Updated on Aug 6, 2018

For the quarter ended June 2018, ELECON ENGINEERING has posted a net profit of Rs 75 m (down 120.6% YoY). Sales on the other hand came in at Rs 3 bn (up 25.1% YoY). Read on for a complete analysis of ELECON ENGINEERING's quarterly results.

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

3 Indian Stocks with Amazon-Like Potential(Profit Hunter)

Apr 10, 2019

We have identified 3 stocks with huge wealth building potential which meet our 'Click of a Button' criteria.

This Company is Making a Big Comeback and You Can Now Profit from Its Example(The 5 Minute Wrapup)

Apr 10, 2019

How Dell got its mojo back.

This is Why the Stock of Jubilant FoodWorks Went Up 1,160%(The 5 Minute Wrapup)

Apr 12, 2019

This critical business strategy has enabled companies to scale their operations faster.

Pocketing Massive Gains with HDFC And HDFC Bank(Profit Hunter)

Apr 12, 2019

Here's how one could have generated gains of Rs 59,250 in 10 days by trading HDFC and HDFC Bank with a capital of Rs 4 lakh.

A Simple 3-Point Investing Manifesto for You the Indian Investor(The 5 Minute Wrapup)

Apr 11, 2019

A must have checklist for every investor in the Indian stock market.

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


Apr 22, 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 - ANSALDO STS COMPARISON

COMPARE ELECON ENGINEERING WITH

MARKET STATS