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ENGINEERS INDIA Announces Quarterly Results (4QFY19); Net Profit Up 37.7%

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ENGINEERS INDIA Announces Quarterly Results (4QFY19); Net Profit Up 37.7%
Tue, 21 May

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

ENGINEERS INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m5,0975,7706,1266.2%20.2%
Other incomeRs m47951959614.9%24.4%
TurnoverRs m5,5766,2896,7226.9%20.6%
ExpensesRs m4,5224,8215,1937.7%14.8%
Gross profitRs m575949933-1.6%62.3%
DepreciationRs m5853589.1%0.6%
InterestRs m43461.2%11.8%
Profit before taxRs m9931,4111,4673.9%47.8%
TaxRs m3035045182.8%70.7%
Profit after taxRs m6899089494.5%37.7%
Gross profit margin%11.316.415.2
Effective tax rate%30.635.735.3
Net profit margin%12.414.414.1
* 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 20.2% on a year-on-year (YoY) basis. The expenses were up by 14.8% YoY during the same period.
  • The company's operating profit increased by 62.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.2% in 4QFY19 as against 11.3% in 4QFY18.
  • Depreciation charges increased by 0.6% and finance costs increased by 11.8% YoY, respectively.
  • Other income increased by 24.4% YoY during the quarter.
  • Net profit for the quarter increased by 37.7% YoY. Net profit margins during the quarter increased from 12.4% in 4QFY18 to 14.1% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 6.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.7% QoQ during the same period.
  • The company's operating profit declined by 1.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.2% in 4QFY19 as against 16.4% in 3QFY18.
  • Net profit for the quarter increased by 4.5% QoQ, while net profit margins declined from 14.4% in 3QFY18 to 14.1% in 4QFY19.

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 139.6 to Rs 114.2, registering a Loss of Rs 25.4 or around 18.2%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,639.2 (down 0.5%). Over the last one year it has moved up from 18,293.4 to 18,639.2, a gain of 346 points (up 1.9%).

Overall, the S&P BSE SENSEX is up 13.9% over the year.

Current Valuations

At the current price of Rs 114.2, the price to earnings (P/E) ratio of ENGINEERS INDIA stands at 20.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.3 times.

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