ESAB INDIA Announces Quarterly Results (1QFY19); Net Profit Up 69.7%

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ESAB INDIA Announces Quarterly Results (1QFY19); Net Profit Up 69.7%
Mon, 13 Aug

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

ESAB INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m1,3671,5361,71711.8%25.6%
Other incomeRs m3039402.8%32.7%
TurnoverRs m1,3971,5751,75711.5%25.8%
ExpensesRs m1,2321,4281,4944.6%21.3%
Gross profitRs m126100216114.7%71.5%
DepreciationRs m2525252.0%-0.4%
InterestRs m0000.0%0.0%
Profit before taxRs m131115231101.0%76.5%
TaxRs m402377236.0%92.0%
Profit after taxRs m919215467.5%69.7%
Gross profit margin%9.26.512.6
Effective tax rate%30.619.933.2
Net profit margin%6.55.88.8
* 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 25.6% on a year-on-year (YoY) basis. The expenses were up by 21.3% YoY during the same period.
  • The company's operating profit increased by 71.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.6% in 1QFY19 as against 9.2% in 1QFY18.
  • Depreciation charges and finance costs declined by 0.4% YoY and 0.0% YoY, respectively.
  • Other income increased by 32.7% YoY during the quarter.
  • Net profit for the quarter increased by 69.7% YoY. Net profit margins during the quarter increased from 6.5% in 1QFY18 to 8.8% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 11.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.6% QoQ during the same period.
  • The company's operating profit increased by 114.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.6% in 1QFY19 as against 6.5% in 4QFY18.
  • Net profit for the quarter increased by 67.5% QoQ, while net profit margins increased from 5.8% in 4QFY18 to 8.8% in 1QFY19.

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

ESAB INDIA Share Price Performance

Over the last one year, ESAB INDIA share price has moved up from Rs 680.0 to Rs 801.0, registering a Gain of Rs 121.0 or around 17.8%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,069.6 (down 0.1%). Over the last one year it has moved up from 16,927.4 to 18,069.6, a gain of 1,142 points (up 6.7%).

Overall, the S&P BSE SENSEX is up 19.5% over the year.

Current Valuations

At the current price of Rs 801.0, the price to earnings (P/E) ratio of ESAB INDIA stands at 28.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.3 times.

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ESAB INDIA Announces Quarterly Results (1QFY20); Net Profit Up 8.7% (Quarterly Result Update)

Aug 26, 2019 | Updated on Aug 26, 2019

For the quarter ended June 2019, ESAB INDIA has posted a net profit of Rs 167 m (up 8.7% YoY). Sales on the other hand came in at Rs 2 bn (up 5.6% YoY). Read on for a complete analysis of ESAB INDIA's quarterly results.

ESAB INDIA Announces Quarterly Results (4QFY19); Net Profit Up 78.0% (Quarterly Result Update)

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For the quarter ended March 2019, ESAB INDIA has posted a net profit of Rs 164 m (up 78.0% YoY). Sales on the other hand came in at Rs 2 bn (up 17.8% YoY). Read on for a complete analysis of ESAB INDIA's quarterly results.

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