ELGI EQUIPMENTS Announces Quarterly Results (3QFY20); Net Profit Down 46.8%

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?  

ELGI EQUIPMENTS Announces Quarterly Results (3QFY20); Net Profit Down 46.8%
Tue, 11 Feb

ELGI EQUIPMENTS has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

ELGI EQUIPMENTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m4,7024,4474,6334.2%-1.5%
Other incomeRs m213277140.2%270.6%
TurnoverRs m4,7224,4794,7105.1%-0.3%
ExpensesRs m4,2274,1134,3104.8%2.0%
Gross profitRs m475334323-3.4%-32.0%
DepreciationRs m1451571697.9%16.5%
InterestRs m2736396.6%41.9%
Profit before taxRs m32317319110.7%-40.7%
TaxRs m92596917.4%-25.4%
Profit after taxRs m2301141237.3%-46.8%
Gross profit margin%10.17.57.0
Effective tax rate%28.633.935.9
Net profit margin%4.92.62.6
* 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 fell 1.5% on a year-on-year (YoY) basis. The expenses were up by 2.0% YoY during the same period.
  • The company's operating profit declined by 32.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.0% in 3QFY20 as against 10.1% in 3QFY19.
  • Depreciation charges increased by 16.5% and finance costs increased by 41.9% YoY, respectively.
  • Other income increased by 270.6% YoY during the quarter.
  • Net profit for the quarter declined by 46.8% YoY. Net profit margins during the quarter declined from 4.9% in 3QFY19 to 2.6% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.8% QoQ during the same period.
  • The company's operating profit declined by 3.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.0% in 3QFY20 as against 7.5% in 2QFY19.
  • Net profit for the quarter increased by 7.3% QoQ, while net profit margins increased from 2.5% in 2QFY19 to 2.6% in 3QFY20.

To see how ELGI EQUIPMENTS has performed over the last eight quarters,please visit here.

LIVE on April 23rd: Has Covid impacted India's long-term growth potential?

ELGI EQUIPMENTS Share Price Performance

Over the last one year,ELGI EQUIPMENTS share price has moved up from Rs 240.0 to Rs 245.2, registering a Gain of Rs 5.2 or around 2.2%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 16,949.4 (up 0.3%). Over the last one year it has moved up from 16,600.7 to 16,949.4, a gain of 349 points (up 2.1%).

Overall, the S&P BSE SENSEX is up 13.7% over the year.

Current Valuations

At the current price of Rs 245.2, the price to earnings (P/E) ratio of ELGI EQUIPMENTS stands at 51.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.0 times.

Equitymaster requests your view! Post a comment on "ELGI EQUIPMENTS Announces Quarterly Results (3QFY20); Net Profit Down 46.8%". Click here!

  

Related Views on News

Mazagon Dock Shipbuilders IPO: Should You Apply? (IPO)

Sep 29, 2020

Should you bet on this public sector defence shipbuilder?

ELGI EQUIPMENTS Announces Quarterly Results (2QFY20); Net Profit Down 51.7% (Quarterly Result Update)

Nov 12, 2019 | Updated on Nov 12, 2019

For the quarter ended September 2019, ELGI EQUIPMENTS has posted a net profit of Rs 114 m (down 51.7% YoY). Sales on the other hand came in at Rs 4 bn (down 1.6% YoY). Read on for a complete analysis of ELGI EQUIPMENTS's quarterly results.

ELGI EQUIPMENTS Announces Quarterly Results (1QFY20); Net Profit Down 9.2% (Quarterly Result Update)

Aug 5, 2019 | Updated on Aug 5, 2019

For the quarter ended June 2019, ELGI EQUIPMENTS has posted a net profit of Rs 165 m (down 9.2% YoY). Sales on the other hand came in at Rs 5 bn (up 12.9% YoY). Read on for a complete analysis of ELGI EQUIPMENTS's quarterly results.

More Views on News

Most Popular

India: Recovery Stalled by Vaccine Games?(The Honest Truth)

Apr 13, 2021

Ajit Dayal on how India's vaccine strategy will impact the markets.

A Stock with 700% Return Potential Comes with Additional Payoffs(Profit Hunter)

Apr 15, 2021

Narayana Murthy was one of the first unicorn founders to get the backing of this entity...

Top 3 Nifty ETFs to Buy Now(Fast Profits Daily)

Apr 20, 2021

In this video I tell you the three Nifty ETFs I think are the best.

11x Bankruptcy to Bluechip Stock: A Rare India Revival Story(Profit Hunter)

Apr 16, 2021

There is no stopping this 11-bagger stock from significant upside.

Why Did the Market Crash on Monday?(Fast Profits Daily)

Apr 13, 2021

In this video, I'll you what I think is the real reason behind yesterday's market crash.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

ELGI EQUIPMENTS SHARE PRICE


Apr 20, 2021 (Close)

TRACK ELGI EQUIPMENTS

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

MORE ON ELGI EQUIPMENTS

ELGI EQUIPMENTS - GRINDWELL NORTON COMPARISON

COMPARE ELGI EQUIPMENTS WITH

MARKET STATS