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

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ESAB INDIA Announces Quarterly Results (4QFY19); Net Profit Up 78.0%
Fri, 10 May

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

ESAB INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m1,5361,5261,80918.5%17.8%
Other incomeRs m395719-66.7%-51.9%
TurnoverRs m1,5751,5831,82815.5%16.1%
ExpensesRs m1,4281,3901,56612.6%9.7%
Gross profitRs m10013624378.4%142.0%
DepreciationRs m252727-1.5%8.1%
InterestRs m0000.0%0.0%
Profit before taxRs m11516623542.0%104.9%
TaxRs m23507142.8%213.2%
Profit after taxRs m9211616441.6%78.0%
Gross profit margin%6.58.913.4
Effective tax rate%19.930.230.4
Net profit margin%5.87.39.0
* 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 17.8% on a year-on-year (YoY) basis. The expenses were up by 9.7% YoY during the same period.
  • The company's operating profit increased by 142.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.4% in 4QFY19 as against 6.5% in 4QFY18.
  • Depreciation charges increased by 8.1% and finance costs increased by 0.0% YoY, respectively.
  • Other income declined by 51.9% YoY during the quarter.
  • Net profit for the quarter increased by 78.0% YoY. Net profit margins during the quarter increased from 5.8% in 4QFY18 to 9.0% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 18.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 12.6% QoQ during the same period.
  • The company's operating profit increased by 78.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.4% in 4QFY19 as against 8.9% in 3QFY18.
  • Net profit for the quarter increased by 41.6% QoQ, while net profit margins increased from 7.3% in 3QFY18 to 9.0% in 4QFY19.

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 697.1 to Rs 902.3, registering a Gain of Rs 205.2 or around 29.4%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,709.0 (down 0.1%). Over the last one year it has moved down from 19,028.4 to 17,709.0, a gain of 1,319 points (down 6.9%).

Overall, the S&P BSE SENSEX is up 6.2% over the year.

Current Valuations

At the current price of Rs 902.3, the price to earnings (P/E) ratio of ESAB INDIA stands at 24.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.7 times.

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