ESCORTS Announces Quarterly Results (4QFY19); Net Profit Up 7.8%

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ESCORTS Announces Quarterly Results (4QFY19); Net Profit Up 7.8%
Thu, 9 May

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

ESCORTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m14,36116,55116,317-1.4%13.6%
Other incomeRs m226244173-29.0%-23.1%
TurnoverRs m14,58716,79516,490-1.8%13.0%
ExpensesRs m12,62414,54614,419-0.9%14.2%
Gross profitRs m1,7382,1141,898-10.2%9.2%
DepreciationRs m1882152181.4%15.8%
InterestRs m63437574.6%18.9%
Profit before taxRs m1,7122,1001,778-15.3%3.9%
TaxRs m587699565-19.2%-3.7%
Profit after taxRs m1,1251,4011,214-13.4%7.8%
Gross profit margin%12.112.811.6
Effective tax rate%34.333.331.8
Net profit margin%7.78.37.4
* 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 13.6% on a year-on-year (YoY) basis. The expenses were up by 14.2% YoY during the same period.
  • The company's operating profit increased by 9.2% YoY during the quarter. Consequently, operating profit margins remained same and stood at 11.6% in 4QFY19.
  • Depreciation charges increased by 15.8% and finance costs increased by 18.9% YoY, respectively.
  • Other income declined by 23.1% YoY during the quarter.
  • Net profit for the quarter increased by 7.8% YoY. Net profit margins during the quarter declined from 7.7% in 4QFY18 to 7.4% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.9% QoQ during the same period.
  • The company's operating profit declined by 10.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.6% in 4QFY19 as against 12.8% in 3QFY18.
  • Net profit for the quarter declined by 13.4% QoQ, while net profit margins declined from 8.3% in 3QFY18 to 7.4% in 4QFY19.

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

ESCORTS Share Price Performance

Over the last one year, ESCORTS share price has moved up from Rs 966.1 to Rs 612.5, registering a Loss of Rs 353.7 or around 36.6%.

Meanwhile, the S&P BSE AUTO Index is trading at Rs 18,282.4 (up 0.2%). Over the last one year it has moved down from 25,368.9 to 18,282.4, a gain of 7,086 points (down 27.9%).

Overall, the S&P BSE SENSEX is up 6.9% over the year.

Current Valuations

At the current price of Rs 612.5, the price to earnings (P/E) ratio of ESCORTS stands at 15.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.4 times.

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