ENGINEERS INDIA Announces Quarterly Results (2QFY19); Net Profit Down 18.0%

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 (2QFY19); Net Profit Down 18.0%
Wed, 14 Nov

ENGINEERS INDIA has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

ENGINEERS INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m4,2915,7336,81418.9%58.8%
Other incomeRs m46752261417.7%31.7%
TurnoverRs m4,7576,2557,42818.8%56.1%
ExpensesRs m2,9014,8705,89921.1%103.3%
Gross profitRs m1,3908649155.9%-34.2%
DepreciationRs m6255573.6%-7.7%
InterestRs m12480.3%432.8%
Profit before taxRs m1,7931,3281,46810.5%-18.1%
TaxRs m6024624916.2%-18.5%
Profit after taxRs m1,19286697812.9%-18.0%
Gross profit margin%32.415.113.4
Effective tax rate%33.634.833.4
Net profit margin%25.013.813.2
* 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 58.8% on a year-on-year (YoY) basis. The expenses were up by 103.3% YoY during the same period.
  • The company's operating profit declined by 34.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.4% in 2QFY19 as against 32.4% in 2QFY18.
  • Depreciation charges declined by 7.7% and finance costs increased by 432.8% YoY, respectively.
  • Other income increased by 31.7% YoY during the quarter.
  • Net profit for the quarter declined by 18.0% YoY. Net profit margins during the quarter declined from 25.0% in 2QFY18 to 13.2% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 18.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 21.1% QoQ during the same period.
  • The company's operating profit declined by 5.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.4% in 2QFY19 as against 15.1% in 1QFY18.
  • Net profit for the quarter increased by 12.9% QoQ, while net profit margins declined from 13.8% in 1QFY18 to 13.2% in 2QFY19.

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 up from Rs 183.7 to Rs 117.1, registering a Loss of Rs 66.7 or around 36.3%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,342.0 (down 0.3%). Over the last one year it has moved up from 18,185.3 to 18,342.0, a gain of 157 points (up 0.9%).

Overall, the S&P BSE SENSEX is up 6.5% over the year.

Current Valuations

At the current price of Rs 117.1, the price to earnings (P/E) ratio of ENGINEERS INDIA stands at 21.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.4 times.

Equitymaster requests your view! Post a comment on "ENGINEERS INDIA Announces Quarterly Results (2QFY19); Net Profit Down 18.0%". Click here!

  

Related Views on News

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.

ENGINEERS INDIA Announces Quarterly Results (2QFY20); Net Profit Down 30.7% (Quarterly Result Update)

Nov 12, 2019 | Updated on Nov 12, 2019

For the quarter ended September 2019, ENGINEERS INDIA has posted a net profit of Rs 678 m (down 30.7% YoY). Sales on the other hand came in at Rs 7 bn (up 6.2% YoY). Read on for a complete analysis of ENGINEERS INDIA's quarterly results.

ENGINEERS INDIA 2018-19 Annual Report Analysis (Annual Result Update)

Sep 25, 2019 | Updated on Sep 25, 2019

Here's an analysis of the annual report of ENGINEERS INDIA for 2018-19. 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 2017-18 Annual Report Analysis (Annual Result Update)

Dec 20, 2018 | Updated on Dec 20, 2018

Here's an analysis of the annual report of ENGINEERS INDIA for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of ENGINEERS INDIA. Also includes updates on the valuation of ENGINEERS INDIA.

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?

More Views on News

Most Popular

How to Find the Best Stocks for Day Trading - 1(Fast Profits Daily)

Jul 2, 2020

In the first of two videos, I'll show you how to identify the best stocks for intraday trading.

Two Agri Stocks Are Likely to Outperform Even in this Market(Profit Hunter)

Jul 2, 2020

Why we have recommended two agriculture stocks for our Hidden Treasure subscribers. Read on...

A Warning for Traders: Don't Get Addicted to Hopium(Fast Profits Daily)

Jun 30, 2020

If you are a trader, you must watch out for this dangerous addiction.

Smallcaps Are in a Sweet Spot Again: Are You Buying?(Profit Hunter)

Jul 3, 2020

This is why I believe smallcaps are the place to be in the near future.

More

India's #1 Trader
Reveals His Secrets

The Secret to Increasing Your Trading Profits Today
Get this Special Report, The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

ENGINEERS INDIA SHARE PRICE


Jul 10, 2020 (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 8-QTR ANALYSIS

COMPARE ENGINEERS INDIA WITH

MARKET STATS