EVEREST INDUSTRIES Announces Quarterly Results (1QFY20); Net Profit Down 14.4%

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EVEREST INDUSTRIES Announces Quarterly Results (1QFY20); Net Profit Down 14.4%
Thu, 25 Jul

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

EVEREST INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m4,1683,6744,31517.5%3.5%
Other incomeRs m16173075.3%81.7%
TurnoverRs m4,1843,6914,34417.7%3.8%
ExpensesRs m3,7413,4313,90613.8%4.4%
Gross profitRs m42724340968.3%-4.2%
DepreciationRs m57376061.1%4.6%
InterestRs m15151610.1%9.4%
Profit before taxRs m37120836374.3%-2.3%
TaxRs m786111282.2%43.6%
Profit after taxRs m29414725171.0%-14.4%
Gross profit margin%10.26.69.5
Effective tax rate%21.029.430.8
Net profit margin%7.04.05.8
* 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 3.5% on a year-on-year (YoY) basis. The expenses were up by 4.4% YoY during the same period.
  • The company's operating profit declined by 4.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.5% in 1QFY20 as against 10.2% in 1QFY19.
  • Depreciation charges increased by 4.6% and finance costs increased by 9.4% YoY, respectively.
  • Other income increased by 81.7% YoY during the quarter.
  • Net profit for the quarter declined by 14.4% YoY. Net profit margins during the quarter declined from 7.0% in 1QFY19 to 5.8% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 17.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 13.8% QoQ during the same period.
  • The company's operating profit increased by 68.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.5% in 1QFY20 as against 6.6% in 4QFY19.
  • Net profit for the quarter increased by 71.0% QoQ, while net profit margins increased from 4.0% in 4QFY19 to 5.8% in 1QFY20.

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

EVEREST INDUSTRIES Share Price Performance

Over the last one year,EVEREST INDUSTRIES share price has moved down from Rs 496.7 to Rs 334.4, registering a Loss of Rs 162.3 or around 32.7%.

Overall, the S&P BSE SENSEX is up 3.3% over the year.

Current Valuations

At the current price of Rs 334.4, the price to earnings (P/E) ratio of EVEREST INDUSTRIES stands at 8.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.3 times.

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