ELGI EQUIPMENTS Announces Quarterly Results (4QFY19); Net Profit Up 33.9%

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 (4QFY19); Net Profit Up 33.9%
Tue, 28 May

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

ELGI EQUIPMENTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m4,6224,7025,28012.3%14.2%
Other incomeRs m39213358.9%-16.6%
TurnoverRs m4,6614,7225,31312.5%14.0%
ExpensesRs m4,1064,2274,66510.4%13.6%
Gross profitRs m51647561529.6%19.3%
DepreciationRs m113145143-1.7%26.5%
InterestRs m192719-28.9%1.5%
Profit before taxRs m42332348650.5%14.8%
TaxRs m1549212636.5%-18.4%
Profit after taxRs m26923036056.2%33.9%
Gross profit margin%11.210.111.6
Effective tax rate%36.528.625.9
Net profit margin%5.84.96.8
* 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 14.2% on a year-on-year (YoY) basis. The expenses were up by 13.6% YoY during the same period.
  • The company's operating profit increased by 19.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.6% in 4QFY19 as against 11.2% in 4QFY18.
  • Depreciation charges increased by 26.5% and finance costs increased by 1.5% YoY, respectively.
  • Other income declined by 16.6% YoY during the quarter.
  • Net profit for the quarter increased by 33.9% YoY. Net profit margins during the quarter increased from 5.8% in 4QFY18 to 6.8% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 12.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 10.4% QoQ during the same period.
  • The company's operating profit increased by 29.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.6% in 4QFY19 as against 10.1% in 3QFY18.
  • Net profit for the quarter increased by 56.2% QoQ, while net profit margins increased from 4.9% in 3QFY18 to 6.8% in 4QFY19.

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

ELGI EQUIPMENTS Share Price Performance

Over the last one year, ELGI EQUIPMENTS share price has moved up from Rs 283.0 to Rs 273.0, registering a Loss of Rs 10.0 or around 3.5%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 20,088.7 (down 0.9%). Over the last one year it has moved up from 19,069.7 to 20,088.7, a gain of 1,019 points (up 5.3%).

Overall, the S&P BSE SENSEX is up 12.8% over the year.

Current Valuations

At the current price of Rs 273.0, the price to earnings (P/E) ratio of ELGI EQUIPMENTS stands at 42.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.3 times.

Equitymaster requests your view! Post a comment on "ELGI EQUIPMENTS Announces Quarterly Results (4QFY19); Net Profit Up 33.9%". Click here!

  

Related Views on News

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

Feb 11, 2020 | Updated on Feb 11, 2020

For the quarter ended December 2019, ELGI EQUIPMENTS has posted a net profit of Rs 123 m (down 46.8% YoY). Sales on the other hand came in at Rs 5 bn (down 1.5% YoY). Read on for a complete analysis of ELGI EQUIPMENTS's quarterly results.

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 2017-18 Annual Report Analysis (Annual Result Update)

Dec 18, 2018 | Updated on Dec 18, 2018

Here's an analysis of the annual report of ELGI EQUIPMENTS for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of ELGI EQUIPMENTS. Also includes updates on the valuation of ELGI EQUIPMENTS.

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?

More Views on News

Most Popular

Why the Stock of HDFC Bank Deserves a Closer Look than Before...(Profit Hunter)

Jul 22, 2020

HDFC Bank's results point to a gaping hole in Indian financial sector. Possibly even a global contagion.

My Best Trading Ideas When Interest Rates Are So Low(Fast Profits Daily)

Jul 23, 2020

India's interest rates are lower than the inflation rate. Here are the best trades for this situation.

These 5 Smallcaps Deserve a Place in Your Coffee Can Portfolio(Profit Hunter)

Jul 28, 2020

When it comes to quality stocks, doing less is more.

Gold or Silver: Which One Should You Buy Now?(Fast Profits Daily)

Jul 24, 2020

Silver and gold are both vying for your attention. Which is the better trade today?

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

ELGI EQUIPMENTS SHARE PRICE


Aug 4, 2020 10:51 AM

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 5-YR ANALYSIS

COMPARE ELGI EQUIPMENTS WITH

MARKET STATS