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

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ENGINEERS INDIA Announces Quarterly Results (3QFY20); Net Profit Up 19.7%
Thu, 6 Feb

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

ENGINEERS INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m5,7707,2378,90623.1%54.4%
Other incomeRs m5196556570.3%26.7%
TurnoverRs m6,2897,8939,56321.2%52.1%
ExpensesRs m4,8216,1688,05030.5%67.0%
Gross profitRs m9491,069856-20.0%-9.8%
DepreciationRs m535856-3.5%5.1%
InterestRs m34414.4%69.0%
Profit before taxRs m1,4111,6631,453-12.6%2.9%
TaxRs m504986366-62.9%-27.3%
Profit after taxRs m9086781,08760.4%19.7%
Gross profit margin%16.414.89.6
Effective tax rate%35.759.325.2
Net profit margin%14.48.611.4
* 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 54.4% on a year-on-year (YoY) basis. The expenses were up by 67.0% YoY during the same period.
  • The company's operating profit declined by 9.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.6% in 3QFY20 as against 16.4% in 3QFY19.
  • Depreciation charges increased by 5.1% and finance costs increased by 69.0% YoY, respectively.
  • Other income increased by 26.7% YoY during the quarter.
  • Net profit for the quarter increased by 19.7% YoY. Net profit margins during the quarter declined from 14.4% in 3QFY19 to 11.4% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 23.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 30.5% QoQ during the same period.
  • The company's operating profit declined by 20.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.6% in 3QFY20 as against 14.8% in 2QFY19.
  • Net profit for the quarter increased by 60.4% QoQ, while net profit margins increased from 8.6% in 2QFY19 to 11.4% in 3QFY20.

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

Get Details: These 3 Stocks are the Dark Horses of the Stock Market

ENGINEERS INDIA Share Price Performance

Over the last one year,ENGINEERS INDIA share price has moved down from Rs 113.8 to Rs 93.7, registering a Loss of Rs 20.1 or around 17.6%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,208.3 (up 0.4%). Over the last one year it has moved up from 17,194.0 to 17,208.3, a gain of 14 points (up 0.1%).

Overall, the S&P BSE SENSEX is up 12.7% over the year.

Current Valuations

At the current price of Rs 93.7, the price to earnings (P/E) ratio of ENGINEERS INDIA stands at 16.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.7 times.

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