EVEREADY IND. Announces Quarterly Results (1QFY19); Net Profit Up 35.3%

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EVEREADY IND. Announces Quarterly Results (1QFY19); Net Profit Up 35.3%
Mon, 30 Jul

EVEREADY IND. has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

EVEREADY IND. Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m3,5773,4973,8339.6%7.2%
Other incomeRs m151337192.6%153.5%
TurnoverRs m3,5913,5103,87010.3%7.8%
ExpensesRs m3,2983,5363,485-1.5%5.7%
Gross profitRs m279-3934824.8%
DepreciationRs m4849538.3%8.8%
InterestRs m66819719.6%46.0%
Profit before taxRs m179-15623631.8%
TaxRs m43652851.5%20.9%
Profit after taxRs m136-16118435.3%
Gross profit margin%7.8-1.19.1
Effective tax rate%24.2-3.522.2
Net profit margin%3.8-4.64.7
* 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 7.2% on a year-on-year (YoY) basis. The expenses were up by 5.7% YoY during the same period.
  • The company's operating profit increased by 24.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.1% in 1QFY19 as against 7.8% in 1QFY18.
  • Depreciation charges and finance costs increased by 8.8% YoY and 46.0% YoY, respectively.
  • Other income increased by 153.5% YoY during the quarter.
  • Net profit for the quarter increased by 35.3% YoY. Net profit margins during the quarter increased from 3.8% in 1QFY18 to 4.7% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 9.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.5% QoQ during the same period.
  • The company's operating profit increased by 998.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.1% in 1QFY19 as against 1.1% in 4QFY18.
  • Net profit for the quarter declined by 213.8% QoQ, while net profit margins increased from -4.6% in 4QFY18 to 4.7% in 1QFY19.

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

EVEREADY IND. Share Price Performance

Over the last one year, EVEREADY IND. share price has moved up from Rs 315.0 to Rs 233.2, registering a Loss of Rs 81.8 or around 26.0%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 20,692.6 (up 0.3%). Over the last one year it has moved up from 16,165.5 to 20,692.6, a gain of 4,527 points (up 28.0%).

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 233.2, the price to earnings (P/E) ratio of EVEREADY IND. stands at 28.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.9 times.

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For the quarter ended June 2019, EVEREADY IND. has posted a net profit of Rs 69 m (down 62.7% YoY). Sales on the other hand came in at Rs 3 bn (down 16.3% YoY). Read on for a complete analysis of EVEREADY IND.'s quarterly results.

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For the quarter ended December 2018, EVEREADY IND. has posted a net profit of Rs 2 m (down 99.1% YoY). Sales on the other hand came in at Rs 4 bn (up 2.6% YoY). Read on for a complete analysis of EVEREADY IND.'s quarterly results.

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