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

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ESAB INDIA Announces Quarterly Results (1QFY20); Net Profit Up 8.7%
Mon, 26 Aug

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

ESAB INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m1,7171,8091,8130.2%5.6%
Other incomeRs m40193584.0%-13.9%
TurnoverRs m1,7571,8281,8471.1%5.1%
ExpensesRs m1,4941,5661,558-0.5%4.2%
Gross profitRs m2162432554.9%18.3%
DepreciationRs m25273321.6%28.9%
InterestRs m0010.0%0.0%
Profit before taxRs m2312352569.0%11.1%
TaxRs m77718924.4%15.9%
Profit after taxRs m1541641672.3%8.7%
Gross profit margin%12.613.414.1
Effective tax rate%33.230.434.7
Net profit margin%8.89.09.1
* 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 5.6% on a year-on-year (YoY) basis. The expenses were up by 4.2% YoY during the same period.
  • The company's operating profit increased by 18.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.1% in 1QFY20 as against 12.6% in 1QFY19.
  • Depreciation charges increased by 28.9% and finance costs increased by 0.0% YoY, respectively.
  • Other income declined by 13.9% YoY during the quarter.
  • Net profit for the quarter increased by 8.7% YoY. Net profit margins during the quarter increased from 8.8% in 1QFY19 to 9.1% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 0.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.5% QoQ during the same period.
  • The company's operating profit increased by 4.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.1% in 1QFY20 as against 13.4% in 4QFY19.
  • Net profit for the quarter increased by 2.3% QoQ, while net profit margins increased from 9.0% in 4QFY19 to 9.1% in 1QFY20.

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 855.4 to Rs 965.0, registering a Gain of Rs 109.7 or around 12.8%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 16,602.2 (up 0.9%). Over the last one year it has moved down from 18,714.0 to 16,602.2, a gain of 2,112 points (down 11.3%).

Overall, the S&P BSE SENSEX is down 3.9% over the year.

Current Valuations

At the current price of Rs 965.0, the price to earnings (P/E) ratio of ESAB INDIA stands at 25.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.9 times.

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