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 (4QFY19); Net Profit Down 83.5%

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 (4QFY19); Net Profit Down 83.5%
Thu, 9 May

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

ELECON ENGINEERING Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m4,3712,7263,26219.7%-25.4%
Other incomeRs m2611225-78.1%-5.7%
TurnoverRs m4,3972,8393,28715.8%-25.3%
ExpensesRs m3,6052,4942,81712.9%-21.9%
Gross profitRs m78123244591.8%-43.0%
DepreciationRs m146120117-2.1%-19.8%
InterestRs m15615820026.4%27.9%
Profit before taxRs m50466153129.7%-69.7%
TaxRs m-30486433.9%
Profit after taxRs m5341888382.0%-83.5%
Gross profit margin%17.98.513.6
Effective tax rate%-5.972.542.2
Net profit margin%12.10.62.7
* 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 fell 25.4% on a year-on-year (YoY) basis. The expenses were down by 21.9% YoY during the same period.
  • The company's operating profit declined by 43.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.6% in 4QFY19 as against 17.9% in 4QFY18.
  • Depreciation charges declined by 19.8% and finance costs increased by 27.9% YoY, respectively.
  • Other income declined by 5.7% YoY during the quarter.
  • Net profit for the quarter declined by 83.5% YoY. Net profit margins during the quarter declined from 12.1% in 4QFY18 to 2.7% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 19.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 12.9% QoQ during the same period.
  • The company's operating profit increased by 91.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.6% in 4QFY19 as against 8.5% in 3QFY18.
  • Net profit for the quarter increased by 382.0% QoQ, while net profit margins increased from 0.6% in 3QFY18 to 2.7% in 4QFY19.

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 75.1 to Rs 52.5, registering a Loss of Rs 22.6 or around 30.0%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,720.2 (down 0.4%). Over the last one year it has moved down from 19,243.1 to 17,720.2, a gain of 1,523 points (down 7.9%).

Overall, the S&P BSE SENSEX is up 6.9% over the year.

Current Valuations

At the current price of Rs 52.5, the price to earnings (P/E) ratio of ELECON ENGINEERING stands at 8.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.8 times.

Equitymaster requests your view! Post a comment on "ELECON ENGINEERING Announces Quarterly Results (4QFY19); Net Profit Down 83.5%". Click here!

  

Related Views on News

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.

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.

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

7 Stocks That Will Remain Evergreen in this Era of Technological Disruption(The 5 Minute Wrapup)

Jun 13, 2019

We are living in an era of disruption. Are your stocks well equipped to adapt to changes that disruption will bring along?

The Great Indian NBFC Bubble Has Burst but I Will Still Recommend These Safe NBFCs(The 5 Minute Wrapup)

Jun 11, 2019

One chart that predicted the NBFC crisis back in 2016.

Just One Stock Made Buffett Billions - And Can Make You Crores(Profit Hunter)

Jun 6, 2019

Coca Cola is arguably one of Warren Buffet's best stock picks. But did you know that small investors picked up the stock five decades before Buffet? Read on...

Kenneth Andrade Would Like Our Real Estate Stock Recommendation with Triple Digit Upside(The 5 Minute Wrapup)

Jun 12, 2019

This real estate stock recommended in Smart Money Secrets offers the most favourable upside potential.

Why Modi 2.0 Will Be Great for These 7 Stocks(Profit Hunter)

Jun 10, 2019

The government's focus on Infra, electricity, water for all will be the key factors for Sensex 1,00,000.

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


Jun 19, 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 5-YR ANALYSIS

COMPARE ELECON ENGINEERING WITH

MARKET STATS