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

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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.

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