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

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 (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.

One Stock Crorepati: The Biggest Money-Making Opportunity Available Right Now
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.

Equitymaster requests your view! Post a comment on "ENGINEERS INDIA Announces Quarterly Results (3QFY20); Net Profit Up 19.7%". Click here!

  

Related Views on News

TUBE INVESTMENTS OF INDIA LTD Surges by 6%; BSE CAPITAL GOODS Index Up 3.0% (Market Updates)

Apr 7, 2020 | Updated on Apr 7, 2020

TUBE INVESTMENTS OF INDIA LTD share price has surged by 6% and its current market price is Rs 279. The BSE CAPITAL GOODS is up by 3.0%. The top gainers in the BSE CAPITAL GOODS Index are TUBE INVESTMENTS OF INDIA LTD (up 5.9%) and L&T (up 5.2%). The top losers are KALPATARU POWER (down 0.4%) and SCHAEFFLER INDIA LTD (down 0.9%).

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 Announces Quarterly Results (1QFY20); Net Profit Up 43.3% (Quarterly Result Update)

Aug 13, 2019 | Updated on Aug 13, 2019

For the quarter ended June 2019, ENGINEERS INDIA has posted a net profit of Rs 1 bn (up 43.3% YoY). Sales on the other hand came in at Rs 7 bn (up 28.2% YoY). Read on for a complete analysis of ENGINEERS INDIA's quarterly results.

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.

More Views on News

Most Popular

Sorry Warren Buffett, I'm Following This Man Instead of You in 2020(The 5 Minute Wrapup)

Mar 30, 2020

This man warned of an impending market correction while everyone else was celebrating the renewed optimism in early 2020...

The Biggest Trading Opportunity of 2020 is Here...

Mar 26, 2020

India's #1 trader, Vijay Bhambwani, talks about a hugely profitable trading opportunity which you must know about today!

A Big Trading Opportunity is Coming Your Way Soon(Fast Profits Daily)

Mar 25, 2020

I see a big opportunity to make fast profits on the horizon.

One Stock that is All Charged Up for the Post Coronavirus Rebound(The 5 Minute Wrapup)

Apr 1, 2020

A stock with strong moat is currently trading near 5-year lows.

The Insiders See a Buying Opportunity in These Smallcaps Amid Coronavirus Outbreak(Profit Hunter)

Mar 31, 2020

The promoters are buying these smallcaps amid the coronavirus outbreak.

More

How to Trade the
Coronavirus Crash

Coronavirus Crash
Get this special report, authored by Equitymaster's top analysts, now.
We will never sell or rent your email id.
Please read our Terms

ENGINEERS INDIA SHARE PRICE


Apr 7, 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 - KOLTE PATIL COMPARISON

COMPARE ENGINEERS INDIA WITH

MARKET STATS