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

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EVEREST INDUSTRIES Announces Quarterly Results (3QFY19); Net Profit Up 21.4%
Thu, 24 Jan

EVEREST INDUSTRIES has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

EVEREST INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m2,9063,1283,073-1.7%5.7%
Other incomeRs m29121952.8%-34.7%
TurnoverRs m2,9353,1403,092-1.5%5.3%
ExpensesRs m2,7272,9452,859-2.9%4.8%
Gross profitRs m17918321416.7%19.4%
DepreciationRs m615655-1.6%-9.3%
InterestRs m242423-3.8%-6.2%
Profit before taxRs m12211515433.7%26.1%
TaxRs m28284041.3%41.8%
Profit after taxRs m948711531.3%21.4%
Gross profit margin%6.25.86.9
Effective tax rate%22.924.425.7
Net profit margin%3.22.83.7
* 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 5.7% on a year-on-year (YoY) basis. The expenses were up by 4.8% YoY during the same period.
  • The company's operating profit increased by 19.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 6.9% in 3QFY19 as against 6.2% in 3QFY18.
  • Depreciation charges declined by 9.3% and finance costs declined by 6.2% YoY, respectively.
  • Other income declined by 34.7% YoY during the quarter.
  • Net profit for the quarter increased by 21.4% YoY. Net profit margins during the quarter increased from 3.2% in 3QFY18 to 3.7% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.9% QoQ during the same period.
  • The company's operating profit increased by 16.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 6.9% in 3QFY19 as against 5.8% in 2QFY18.
  • Net profit for the quarter increased by 31.3% QoQ, while net profit margins increased from 2.8% in 2QFY18 to 3.7% in 3QFY19.

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 up from Rs 585.1 to Rs 449.8, registering a Loss of Rs 135.3 or around 23.1%.

Overall, the S&P BSE SENSEX is up 0.0% over the year.

Current Valuations

At the current price of Rs 449.8, the price to earnings (P/E) ratio of EVEREST INDUSTRIES stands at 9.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.7 times.

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