X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
EIMCO ELECON Announces Quarterly Results (3QFY19); Net Profit Up 26.2%

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?  

EIMCO ELECON Announces Quarterly Results (3QFY19); Net Profit Up 26.2%
Wed, 30 Jan

EIMCO ELECON has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

EIMCO ELECON Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m353557376-32.5%6.6%
Other incomeRs m131838105.0%185.4%
TurnoverRs m366576414-28.1%13.1%
ExpensesRs m289505301-40.4%4.2%
Gross profitRs m64527544.1%17.5%
DepreciationRs m1312132.4%0.1%
InterestRs m210-62.7%-72.5%
Profit before taxRs m635710075.3%59.0%
TaxRs m51226114.9%470.8%
Profit after taxRs m58457364.4%26.2%
Gross profit margin%18.19.420.0
Effective tax rate%7.421.626.5
Net profit margin%15.97.717.7
* 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 6.6% on a year-on-year (YoY) basis. The expenses were up by 4.2% YoY during the same period.
  • The company's operating profit increased by 17.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.0% in 3QFY19 as against 18.1% in 3QFY18.
  • Depreciation charges increased by 0.1% and finance costs declined by 72.5% YoY, respectively.
  • Other income increased by 185.4% YoY during the quarter.
  • Net profit for the quarter increased by 26.2% YoY. Net profit margins during the quarter increased from 15.9% in 3QFY18 to 17.7% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 32.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 40.4% QoQ during the same period.
  • The company's operating profit increased by 44.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.0% in 3QFY19 as against 9.4% in 2QFY18.
  • Net profit for the quarter increased by 64.4% QoQ, while net profit margins increased from 7.8% in 2QFY18 to 17.7% in 3QFY19.

To see how EIMCO ELECON has performed over the last eight quarters, please visit here.

EIMCO ELECON Share Price Performance

Over the last one year, EIMCO ELECON share price has moved up from Rs 499.0 to Rs 370.0, registering a Loss of Rs 129.0 or around 25.9%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,188.9 (up 1.6%). Over the last one year it has moved down from 20,594.9 to 17,188.9, a gain of 3,406 points (down 16.5%).

Overall, the S&P BSE SENSEX is down 1.7% over the year.

Current Valuations

At the current price of Rs 370.0, the price to earnings (P/E) ratio of EIMCO ELECON stands at 8.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.7 times.

Equitymaster requests your view! Post a comment on "EIMCO ELECON Announces Quarterly Results (3QFY19); Net Profit Up 26.2%". Click here!

  

Related Views on News

EIMCO ELECON Announces Quarterly Results (4QFY19); Net Profit Down 9.3% (Quarterly Result Update)

May 8, 2019 | Updated on May 8, 2019

For the quarter ended March 2019, EIMCO ELECON has posted a net profit of Rs 79 m (down 9.3% YoY). Sales on the other hand came in at Rs 578 m (down 13.1% YoY). Read on for a complete analysis of EIMCO ELECON's quarterly results.

EIMCO ELECON Announces Quarterly Results (2QFY19); Net Profit Up 1875.7% (Quarterly Result Update)

Nov 5, 2018 | Updated on Nov 5, 2018

For the quarter ended September 2018, EIMCO ELECON has posted a net profit of Rs 45 m (up 1875.7% YoY). Sales on the other hand came in at Rs 557 m (up 324.5% YoY). Read on for a complete analysis of EIMCO ELECON's quarterly results.

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?

H.G Infra Engineering Ltd. (IPO)

Feb 24, 2018

Should you subscribe to the IPO of H.G Infra Engineering Ltd.?

Amber Enterprises India Ltd. (IPO)

Jan 16, 2018

Should you subscribe to the IPO of Amber Enterprises India Ltd?

More Views on News

Most Popular

These Dividend Stocks Could Boost Your Returns Better Than You Can Imagine(Profit Hunter)

May 7, 2019

The art of dividend investing is a lot more than investing in companies with high dividend payouts or stocks with high dividend yields...

Limited Upside, Higher Downside(The Honest Truth)

May 6, 2019

The market's irrational reaction may present opportunities for a limited period of time.

3 Indian Stocks Replicating Amazon's Successful Strategy(The 5 Minute Wrapup)

May 10, 2019

The one critical element that has made Amazon a force to reckon with...

A Simple Checklist for Picking Great Dividend Stocks(Profit Hunter)

May 9, 2019

A filtered, neat list of high-dividend stocks with all this dirty work already done for you.

My Top 7 Stocks to Profit from Sensex 100,000(The 5 Minute Wrapup)

May 16, 2019

Tanushree Banerjee explains everything you need to know about the Rebirth of India and Sensex 100,000.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

EIMCO ELECON SHARE PRICE


May 17, 2019 (Close)

TRACK EIMCO ELECON

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

EIMCO ELECON 8-QTR ANALYSIS

COMPARE EIMCO ELECON WITH

MARKET STATS