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

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 (4QFY19); Net Profit Down 25.9%
Wed, 5 Jun

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

EVEREST INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m3,4133,0733,67419.5%7.6%
Other incomeRs m301917-9.6%-43.7%
TurnoverRs m3,4433,0923,69119.4%7.2%
ExpensesRs m3,1472,8593,43120.0%9.0%
Gross profitRs m26521424313.8%-8.4%
DepreciationRs m595537-33.1%-37.3%
InterestRs m292315-35.1%-49.3%
Profit before taxRs m20715420835.0%0.4%
TaxRs m9406154.4%566.3%
Profit after taxRs m19811514728.3%-25.9%
Gross profit margin%7.86.96.6
Effective tax rate%4.425.729.4
Net profit margin%5.83.74.0
* 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 7.6% on a year-on-year (YoY) basis. The expenses were up by 9.0% YoY during the same period.
  • The company's operating profit declined by 8.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.6% in 4QFY19 as against 7.8% in 4QFY18.
  • Depreciation charges declined by 37.3% and finance costs declined by 49.3% YoY, respectively.
  • Other income declined by 43.7% YoY during the quarter.
  • Net profit for the quarter declined by 25.9% YoY. Net profit margins during the quarter declined from 5.8% in 4QFY18 to 4.0% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 19.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 20.0% QoQ during the same period.
  • The company's operating profit declined by 13.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.6% in 4QFY19 as against 6.9% in 3QFY18.
  • Net profit for the quarter increased by 28.3% QoQ, while net profit margins increased from 3.7% in 3QFY18 to 4.0% in 4QFY19.

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 409.2 to Rs 445.5, registering a Gain of Rs 36.4 or around 8.9%.

Overall, the S&P BSE SENSEX is up 14.5% over the year.

Current Valuations

At the current price of Rs 445.5, the price to earnings (P/E) ratio of EVEREST INDUSTRIES stands at 10.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.7 times.

Equitymaster requests your view! Post a comment on "EVEREST INDUSTRIES Announces Quarterly Results (4QFY19); Net Profit Down 25.9%". Click here!

  

Related Views on News

EVEREST INDUSTRIES Announces Quarterly Results (2QFY20); Net Profit Down 173.9% (Quarterly Result Update)

Oct 29, 2019 | Updated on Oct 29, 2019

For the quarter ended September 2019, EVEREST INDUSTRIES has posted a net profit of Rs 64 m (down 173.9% YoY). Sales on the other hand came in at Rs 3 bn (down 8.5% YoY). Read on for a complete analysis of EVEREST INDUSTRIES's quarterly results.

EVEREST INDUSTRIES 2018-19 Annual Report Analysis (Annual Result Update)

Sep 23, 2019 | Updated on Sep 23, 2019

Here's an analysis of the annual report of EVEREST INDUSTRIES for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of EVEREST INDUSTRIES. Also includes updates on the valuation of EVEREST INDUSTRIES.

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

Jul 25, 2019 | Updated on Jul 25, 2019

For the quarter ended June 2019, EVEREST INDUSTRIES has posted a net profit of Rs 251 m (down 14.4% YoY). Sales on the other hand came in at Rs 4 bn (up 3.5% 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

How to Buy the Best Safe Stocks in 2020(The 5 Minute Wrapup)

Jan 17, 2020

Don't fall for the safe stocks narrative going around in the stock market these days.

Guess Which Stocks Are Rising at Double the Speed of Sensex(Profit Hunter)

Jan 15, 2020

These stocks can move twice as fast as the Sensex - to take advantage of their money multiplying power get in now as the rally is still just taking shape.. read more to not miss out.

For 1,000%+ Gains, Follow the 8-Year Cycle in the Stock Market(Fast Profits Daily)

Jan 17, 2020

This is how the biggest trading profits are made.

The Best Asset Class to Invest in 2020(Fast Profits Daily)

Jan 24, 2020

Why I'm most bullish on this asset class above all else in 2020.

What the Infosys Results Tell Us About the Next Infosys(The 5 Minute Wrapup)

Jan 15, 2020

If you're interested in the next Infosys, I'll tell you where to look.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get our special report, Secret to Increasing Your Trading Profits Today Now!
We will never sell or rent your email id.
Please read our Terms

EVEREST INDUSTRIES SHARE PRICE


Jan 28, 2020 (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 5-YR ANALYSIS

COMPARE EVEREST INDUSTRIES WITH

MARKET STATS