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

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

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.

Equitymaster requests your view! Post a comment on "EVEREST INDUSTRIES Announces Quarterly Results (1QFY20); Net Profit Down 14.4%". Click here!

  

Related Views on News

EVEREST INDUSTRIES Announces Quarterly Results (4QFY19); Net Profit Down 25.9% (Quarterly Result Update)

Jun 5, 2019 | Updated on Jun 5, 2019

For the quarter ended March 2019, EVEREST INDUSTRIES has posted a net profit of Rs 147 m (down 25.9% YoY). Sales on the other hand came in at Rs 4 bn (up 7.6% YoY). Read on for a complete analysis of EVEREST INDUSTRIES's quarterly results.

EVEREST INDUSTRIES Announces Quarterly Results (3QFY19); Net Profit Up 21.4% (Quarterly Result Update)

Jan 24, 2019 | Updated on Jan 24, 2019

For the quarter ended December 2018, EVEREST INDUSTRIES has posted a net profit of Rs 114 m (up 21.4% YoY). Sales on the other hand came in at Rs 3 bn (up 5.7% YoY). Read on for a complete analysis of EVEREST INDUSTRIES's quarterly results.

EVEREST INDUSTRIES 2017-18 Annual Report Analysis (Annual Result Update)

Dec 20, 2018 | Updated on Dec 20, 2018

Here's an analysis of the annual report of EVEREST INDUSTRIES for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of EVEREST INDUSTRIES. Also includes updates on the valuation of EVEREST INDUSTRIES.

More Views on News

Most Popular

Buying these Eight Stocks is Like Owning Your Own Business(Profit Hunter)

Sep 5, 2019

Everyone dreams of owning a business. Here is your chance.

7 Stocks to Buy in the Market Today(The 5 Minute Wrapup)

Sep 5, 2019

The stock market had a four-year bull run starting September 2013. Are we seeing a similar pattern now?

Don't Buy Lakshmi Vilas Bank...Buy this Private Sector Bank with 74% Upside(The 5 Minute Wrapup)

Sep 4, 2019

Lakshmi Vilas Bank is in a vicious cycle. The stock is already down 57% in 2019. Despite this, the retail investors increased their holding.

Insider Buying Alert: Promoters Increase Stake in 8 High-Quality Smallcaps(Profit Hunter)

Sep 3, 2019

Insiders have increased their stakes in eight Hidden Treasure recommendations. Should you follow them?

Buy these 7 Stocks if You Believe in India(The 5 Minute Wrapup)

Sep 12, 2019

News headlines predict gloom and doom for India these days. You should ignore them.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

EVEREST INDUSTRIES SHARE PRICE


Sep 13, 2019 (Close)

TRACK EVEREST INDUSTRIES

  • Track your investment in EVEREST INDUSTRIES with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON EVEREST INDUSTRIES

EVEREST INDUSTRIES - SAURASHTRA CEMENT COMPARISON

COMPARE EVEREST INDUSTRIES WITH

MARKET STATS