ENGINEERS INDIA Announces Quarterly Results (1QFY20); Net Profit Up 43.3%

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ENGINEERS INDIA Announces Quarterly Results (1QFY20); Net Profit Up 43.3%
Tue, 13 Aug

ENGINEERS INDIA has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

ENGINEERS INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m5,7336,1267,34920.0%28.2%
Other incomeRs m522596583-2.2%11.7%
TurnoverRs m6,2556,7227,93218.0%26.8%
ExpensesRs m4,8705,1935,95414.7%22.3%
Gross profitRs m8649331,39549.4%61.5%
DepreciationRs m555857-1.4%3.7%
InterestRs m243-25.0%57.6%
Profit before taxRs m1,3281,4671,91730.7%44.3%
TaxRs m46251867630.5%46.3%
Profit after taxRs m8669491,24130.8%43.3%
Gross profit margin%15.115.219.0
Effective tax rate%34.835.335.3
Net profit margin%13.814.115.6
* 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 28.2% on a year-on-year (YoY) basis. The expenses were up by 22.3% YoY during the same period.
  • The company's operating profit increased by 61.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.0% in 1QFY20 as against 15.1% in 1QFY19.
  • Depreciation charges increased by 3.7% and finance costs increased by 57.6% YoY, respectively.
  • Other income increased by 11.7% YoY during the quarter.
  • Net profit for the quarter increased by 43.3% YoY. Net profit margins during the quarter increased from 13.8% in 1QFY19 to 15.6% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 20.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 14.7% QoQ during the same period.
  • The company's operating profit increased by 49.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.0% in 1QFY20 as against 15.2% in 4QFY19.
  • Net profit for the quarter increased by 30.8% QoQ, while net profit margins increased from 14.1% in 4QFY19 to 15.6% in 1QFY20.

To see how ENGINEERS INDIA has performed over the last eight quarters,please visit here.

ENGINEERS INDIA Share Price Performance

Over the last one year,ENGINEERS INDIA share price has moved down from Rs 122.7 to Rs 103.0, registering a Loss of Rs 19.7 or around 16.1%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,102.1 (down 1.2%). Over the last one year it has moved down from 18,029.9 to 17,102.1, a gain of 928 points (down 5.1%).

Overall, the S&P BSE SENSEX is down 1.3% over the year.

Current Valuations

At the current price of Rs 103.0, the price to earnings (P/E) ratio of ENGINEERS INDIA stands at 17.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.0 times.

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