ENGINEERS INDIA Announces Quarterly Results (1QFY22); Net Profit Up 87.1%

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?  

ENGINEERS INDIA Announces Quarterly Results (1QFY22); Net Profit Up 87.1%
Mon, 16 Aug

ENGINEERS INDIA has announced its results for the quarter ended June 2021. Here is a detailed performance review of the same:

ENGINEERS INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m4,74511,3197,461-34.1%57.2%
Other incomeRs m505399232-41.9%-54.2%
TurnoverRs m5,25011,7187,692-34.4%46.5%
ExpensesRs m4,5109,1596,396-30.2%41.8%
Gross profitRs m2356101,06574.5%352.6%
DepreciationRs m6452150-90.5%-22.1%
InterestRs m4243-88.5%-36.7%
Profit before taxRs m6724641,244168.1%85.0%
TaxRs m177150317111.8%79.1%
Profit after taxRs m495314926194.9%87.1%
Gross profit margin%5.05.414.3
Effective tax rate%26.432.325.5
Net profit margin%9.42.712.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 57.2% on a year-on-year (YoY) basis. The expenses were up by 41.8% YoY during the same period.
  • The company's operating profit increased by 352.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.3% in 1QFY22 as against 5.0% in 1QFY21.
  • Depreciation charges declined by 22.1% and finance costs declined by 36.7% YoY, respectively.
  • Other income declined by 54.2% YoY during the quarter.
  • Net profit for the quarter increased by 87.1% YoY. Net profit margins during the quarter increased from 9.4% in 1QFY21 to 12.0% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 34.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 30.2% QoQ during the same period.
  • The company's operating profit increased by 74.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.3% in 1QFY22 as against 5.4% in 4QFY21.
  • Net profit for the quarter increased by 194.9% QoQ, while net profit margins increased from 2.7% in 4QFY21 to 12.0% in 1QFY22.

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

EXPOSED: The Shocking Truth Behind Today's Hottest Investment Opportunity

ENGINEERS INDIA Share Price Performance

Over the last one year, ENGINEERS INDIA share price has moved up from Rs 67.9 to Rs 71.1, registering a Gain of Rs 3.2 or around 4.7%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 24,137.5 (down 0.7%). Over the last one year it has moved up from 13,777.8 to 24,137.5, a gain of 10,360 points (up 75.2%).

Overall, the S&P BSE SENSEX is up 44.8% over the year.

Current Valuations

At the current price of Rs 71.1, the price to earnings (P/E) ratio of ENGINEERS INDIA stands at 13.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.7 times.

Equitymaster requests your view! Post a comment on "ENGINEERS INDIA Announces Quarterly Results (1QFY22); Net Profit Up 87.1%". Click here!

  

Related Views on News

ENGINEERS INDIA 2020-21 Annual Report Analysis (Annual Result Update)

Oct 26, 2021 | Updated on Oct 26, 2021

Here's an analysis of the annual report of ENGINEERS INDIA for 2020-21. It includes a full income statement, balance sheet and cash flow analysis of ENGINEERS INDIA. Also includes updates on the valuation of ENGINEERS INDIA.

ENGINEERS INDIA Announces Quarterly Results (1QFY21); Net Profit Down 61.3% (Quarterly Result Update)

Sep 10, 2020 | Updated on Sep 10, 2020

For the quarter ended June 2020, ENGINEERS INDIA has posted a net profit of Rs 481 m (down 61.3% YoY). Sales on the other hand came in at Rs 5 bn (down 36.3% YoY). Read on for a complete analysis of ENGINEERS INDIA's quarterly results.

ENGINEERS INDIA Announces Quarterly Results (3QFY20); Net Profit Up 19.7% (Quarterly Result Update)

Feb 6, 2020 | Updated on Feb 6, 2020

For the quarter ended December 2019, ENGINEERS INDIA has posted a net profit of Rs 1 bn (up 19.7% YoY). Sales on the other hand came in at Rs 9 bn (up 54.4% YoY). Read on for a complete analysis of ENGINEERS INDIA's quarterly results.

More Views on News

Most Popular

These 5 Penny Stocks are Held by Rakesh Jhunjhunwala. Worth a Look?(Views On News)

Jan 18, 2022

Rakesh Jhunjhunwala is holding these penny stocks in his portfolio for several years now.

Time to Buy Energy Stocks(Fast Profits Daily)

Jan 14, 2022

Energy is a sector that looks set to take off. It's time to get in.

Tech Mahindra's CTC Acquisition: Too Expensive?(Views On News)

Jan 18, 2022

Tech Mahindra's acquisition of European IT-company fails to excite investors.

5 Hidden Tata Group Companies to Add to Your Watchlist(Views On News)

Jan 18, 2022

Here's all you need to know about these five Tata group stocks that aren't as popular as the others.

Insiders are Buying into these 6 Stocks Aggressively. More Details here...(Views On News)

Jan 19, 2022

While promoter holding is an important parameter, it should not be the sole reason for buying a stock.

More

Become A Smarter Investor
In Just 5 Minutes

Multibagger Stock Guide 2022
Get our special report Multibagger Stocks Guide (2022 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

ENGINEERS INDIA SHARE PRICE


Jan 27, 2022 (Close)

TRACK ENGINEERS INDIA

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

MORE ON ENGINEERS INDIA

ENGINEERS INDIA - LIPPI SYSTEM COMPARISON

COMPARE ENGINEERS INDIA WITH

MARKET STATS