MEMBER'S LOGINX
| Login Failure | ||||||||
|
||||||||
| Sign Up | Forgot Password? | ||||||||
- Home
- Research It
- ELECTROSTEEL CAST
- ELECTROSTEEL CAST Announces Quarterly Results (3QFY19); Net Profit Up 38.9%
ELECTROSTEEL CAST Announces Quarterly Results (3QFY19); Net Profit Up 38.9%
Wed, 30 Jan
ELECTROSTEEL CAST has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:
ELECTROSTEEL CAST Quarterly Financials
| No. of Mths Qtr. Ending | 3 Dec-17* | 3 Sep-18* | 3 Dec-18* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 5,117 | 5,634 | 6,410 | 13.8% | 25.3% |
| Other income | Rs m | 221 | 149 | 142 | -5.2% | -35.9% |
| Turnover | Rs m | 5,338 | 5,783 | 6,552 | 13.3% | 22.7% |
| Expenses | Rs m | 4,441 | 4,708 | 5,408 | 14.9% | 21.8% |
| Gross profit | Rs m | 676 | -1,187 | 1,002 | 48.3% | |
| Depreciation | Rs m | 152 | 141 | 134 | -5.3% | -12.0% |
| Interest | Rs m | 430 | 547 | 574 | 4.8% | 33.4% |
| Profit before tax | Rs m | 315 | -1,725 | 437 | 38.7% | |
| Tax | Rs m | 111 | -642 | 154 | 38.3% | |
| Profit after tax | Rs m | 204 | -1,083 | 283 | 38.9% | |
| Gross profit margin | % | 13.2 | -21.1 | 15.6 | ||
| Effective tax rate | % | 35.3 | 37.2 | 35.2 | ||
| Net profit margin | % | 3.8 | -18.7 | 4.3 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter grew 25.3% on a year-on-year (YoY) basis. The expenses were up by 21.8% YoY during the same period.
- The company's operating profit increased by 48.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.6% in 3QFY19 as against 13.2% in 3QFY18.
- Depreciation charges declined by 12.0% and finance costs increased by 33.4% YoY, respectively.
- Other income declined by 35.9% YoY during the quarter.
- Net profit for the quarter increased by 38.9% YoY. Net profit margins during the quarter increased from 3.8% in 3QFY18 to 4.3% in 3QFY19.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter grew 13.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 14.9% QoQ during the same period.
- The company's operating profit increased by 184.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.6% in 3QFY19 as against 21.1% in 2QFY18.
- Net profit for the quarter increased by 126.2% QoQ, while net profit margins increased from -18.7% in 2QFY18 to 4.3% in 3QFY19.
To see how ELECTROSTEEL CAST has performed over the last eight quarters, please visit here.
ELECTROSTEEL CAST Share Price Performance
Over the last one year, ELECTROSTEEL CAST share price has moved up from Rs 34.6 to Rs 21.2, registering a Loss of Rs 13.4 or around 38.8%.
Overall, the S&P BSE SENSEX is down 1.9% over the year.
Current Valuations
At the current price of Rs 21.2, the price to book value (P/BV) ratio of ELECTROSTEEL CAST stands at 0.3 times.
|
| |
Related Views on News
ELECTROSTEEL CAST Announces Quarterly Results (4QFY19); Net Profit Down 21.4% (Quarterly Result Update)
May 17, 2019 | Updated on May 17, 2019For the quarter ended March 2019, ELECTROSTEEL CAST has posted a net profit of Rs 178 m (down 21.4% YoY). Sales on the other hand came in at Rs 7 bn (up 24.7% YoY). Read on for a complete analysis of ELECTROSTEEL CAST's quarterly results.
MSTC IPO: Should You Bet on This State-Run E-Commerce Player? (IPO)
Mar 13, 2019Should you subscribe to the IPO of MSPC Limited?
ELECTROSTEEL CAST Announces Quarterly Results (2QFY19); Net Profit Down 3009.9% (Quarterly Result Update)
Nov 14, 2018 | Updated on Nov 14, 2018For the quarter ended September 2018, ELECTROSTEEL CAST has posted a net profit of Rs 1 bn (down 3009.9% YoY). Sales on the other hand came in at Rs 6 bn (up 33.0% YoY). Read on for a complete analysis of ELECTROSTEEL CAST's quarterly results.
Hindustan Aeronautics IPO: Yet Another Play on India's Defence Sector (IPO)
Mar 14, 2018Should you apply for the IPO of state-run military aircraft maker Hindustan Aeronautics?
Bharat Dynamics IPO: Worth Betting on Defence Manufacturing? (IPO)
Mar 12, 2018Should you apply for the IPO of Bharat Dynamics, India's first state-owned missile manufacturer?
More Views on NewsMost Popular
My Latest Stock Recommendation(Fast Profits Daily)
Jan 10, 2020The story behind my latest stock recommendation and an important announcement.
Saffron Curtain = Hindutva Rate of Growth?(The Honest Truth)
Jan 8, 2020Will the Indian economy revert to a sub-3% growth rate?
Multibaggers of the Next Decade(The 5 Minute Wrapup)
Jan 6, 2020The one key ingredient to be seen amongst top multibaggers of the next decade
Your Safe Income Options for 2020(Fast Profits Daily)
Jan 9, 2020What are you safest investing options in 2020 when interest rates fall.
I Made a Killing in the Markets this Week... Here's How(Profit Hunter)
Jan 10, 2020How we made a killing in the markets amidst geopolitical tension and war mongering.
More|
| |
OUR TOP 5 IDEAS
- Free Guide on How to Profit from Sensex 100,000.
- A Simple Test to Find out If a Stock Has 100x Potential
- A Guide to some of the Most Lucrative Stocks in the Market. Download For Free!
- Are You Making One of These 15 Costly Mistakes While Investing. Learn more!
- Revealed: Top 7 Stocks to Consider Buying Right Now...
ELECTROSTEEL CAST SHARE PRICE
Jan 17, 2020 (Close)
TRACK ELECTROSTEEL CAST
- Track your investment in ELECTROSTEEL CAST with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
- Add To MyStocks
MORE ON ELECTROSTEEL CAST
ELECTROSTEEL CAST 5-YR ANALYSIS
COMPARE ELECTROSTEEL CAST WITH
OTHER USEFUL LINKS
MARKET STATS
ABOUT EQUITYMASTER
Since 1996, Equitymaster has been the source for honest and credible opinions on investing in India. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Here's why hundreds of thousands of readers spread across more than 70 countries Trust Equitymaster.
FREE NEWSLETTERS
PREMIUM PRODUCTS
QUICK LINKS
APPS
Copyright © Equitymaster Agora Research Private Limited.
Whitelist | Refer | Terms | Privacy | Contact | About | Sitemap
Equitymaster Agora Research Private Limited (Research Analyst) 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407
All rights reserved. Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.
LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.
SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.
Equitymaster requests your view! Post a comment on "ELECTROSTEEL CAST Announces Quarterly Results (3QFY19); Net Profit Up 38.9%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!