MEMBER'S LOGINX
| Login Failure | ||||||||
|
||||||||
| Sign Up | Forgot Password? | ||||||||
- Home
- Research It
- ELECTROSTEEL CAST
- ELECTROSTEEL CAST Announces Quarterly Results (4QFY19); Net Profit Down 21.4%
ELECTROSTEEL CAST Announces Quarterly Results (4QFY19); Net Profit Down 21.4%
Fri, 17 May
ELECTROSTEEL CAST has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:
ELECTROSTEEL CAST Quarterly Financials
| No. of Mths Qtr. Ending | 3 Mar-18* | 3 Dec-18* | 3 Mar-19* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 5,401 | 6,410 | 6,733 | 5.0% | 24.7% |
| Other income | Rs m | 129 | 142 | 170 | 20.0% | 31.3% |
| Turnover | Rs m | 5,531 | 6,552 | 6,903 | 5.4% | 24.8% |
| Expenses | Rs m | 4,751 | 5,408 | 5,889 | 8.9% | 24.0% |
| Gross profit | Rs m | 650 | 1,002 | 843 | -15.9% | 29.7% |
| Depreciation | Rs m | 140 | 134 | 132 | -1.4% | -5.7% |
| Interest | Rs m | 522 | 574 | 477 | -16.9% | -8.6% |
| Profit before tax | Rs m | 118 | 437 | 405 | -7.3% | 242.7% |
| Tax | Rs m | -108 | 154 | 227 | 47.6% | |
| Profit after tax | Rs m | 227 | 283 | 178 | -37.1% | -21.4% |
| Gross profit margin | % | 12.0 | 15.6 | 12.5 | ||
| Effective tax rate | % | -91.8 | 35.2 | 56.0 | ||
| Net profit margin | % | 4.1 | 4.3 | 2.6 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter grew 24.7% on a year-on-year (YoY) basis. The expenses were up by 24.0% YoY during the same period.
- The company's operating profit increased by 29.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.5% in 4QFY19 as against 12.0% in 4QFY18.
- Depreciation charges declined by 5.7% and finance costs declined by 8.6% YoY, respectively.
- Other income increased by 31.3% YoY during the quarter.
- Net profit for the quarter declined by 21.4% YoY. Net profit margins during the quarter declined from 4.1% in 4QFY18 to 2.6% in 4QFY19.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter grew 5.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 8.9% QoQ during the same period.
- The company's operating profit declined by 15.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.5% in 4QFY19 as against 15.6% in 3QFY18.
- Net profit for the quarter declined by 37.1% QoQ, while net profit margins declined from 4.3% in 3QFY18 to 2.6% in 4QFY19.
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 26.1 to Rs 17.7, registering a Loss of Rs 8.4 or around 32.1%.
Overall, the S&P BSE SENSEX is up 6.2% over the year.
Current Valuations
At the current price of Rs 17.7, 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 (3QFY19); Net Profit Up 38.9% (Quarterly Result Update)
Jan 30, 2019 | Updated on Jan 30, 2019For the quarter ended December 2018, ELECTROSTEEL CAST has posted a net profit of Rs 283 m (up 38.9% YoY). Sales on the other hand came in at Rs 6 bn (up 25.3% 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?
More Views on NewsMost Popular
My Top Stock Recommendation for 2021 and Beyond(Profit Hunter)
Jan 5, 2021My new guide will show you the huge potential in future proof businesses.
'Essential' Smallcap Stock Recommendations(Profit Hunter)
Jan 8, 2021The smallcap rally has enough steam left in it. If you haven't joined yet, it is still not too late.
Is Nifty Forming a Top(Fast Profits Daily)
Jan 8, 2021The charts are telling the bulls to be cautious.
Why Gold Hit Lower Circuit(Fast Profits Daily)
Jan 11, 2021Were you shocked that bullion prices hit lower circuits on Friday on the MCX? Find out why it happened...
More|
| |
OUR TOP 5 IDEAS
- Free Report: Multibagger Stock Ideas 2021
- Are You Making One of These 15 Costly Mistakes While Investing. Learn more!
- Covid-19 Proof Multibagger Stocks - Download this FREE Report Now
- Free Report: The Secret to Increasing Your Trading Profits Daily!
- No Guessing, No Hunches, and No Missed Trends Ever! Join Us on YouTube Now.
ELECTROSTEEL CAST SHARE PRICE
Jan 18, 2021 01:00 PM
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 - BAOSTEEL COMPARISON
COMPARE ELECTROSTEEL CAST WITH
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
POPULAR TOPICS
- Basics of Value Investing
- Benjamin Graham
- How to Invest in Gold
- How to Invest in Silver
- Best Stocks to Buy Today
- Warren Buffett - The Value Investor
- The Best Small-cap Stocks to Buy
- The Best Bluechip Stocks to Buy
- Your Ultimate Guide to Penny Stock Investing
- 10 Rules for Successful Long-Term Investing
- How to Invest in the Share Market
FOLLOW
APP
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 (4QFY19); Net Profit Down 21.4%". 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!