EVEREADY IND. Announces Quarterly Results (3QFY19); Net Profit Down 99.1%

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?  

EVEREADY IND. Announces Quarterly Results (3QFY19); Net Profit Down 99.1%
Wed, 20 Feb

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

EVEREADY IND. Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m3,6963,8353,792-1.1%2.6%
Other incomeRs m429386-6.7%103.9%
TurnoverRs m3,7383,9273,878-1.3%3.7%
ExpensesRs m3,3543,4243,4440.6%2.7%
Gross profitRs m342411116-71.9%-66.2%
DepreciationRs m485654-3.4%13.0%
InterestRs m6912716832.0%143.3%
Profit before taxRs m267321-20-106.2%-107.5%
TaxRs m5874-22-129.7%-138.0%
Profit after taxRs m2092472-99.2%-99.1%
Gross profit margin%9.310.73.1
Effective tax rate%21.723.1109.8
Net profit margin%5.66.30.1
* 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 2.6% on a year-on-year (YoY) basis. The expenses were up by 2.7% YoY during the same period.
  • The company's operating profit declined by 66.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.1% in 3QFY19 as against 9.3% in 3QFY18.
  • Depreciation charges increased by 13.0% and finance costs increased by 143.3% YoY, respectively.
  • Other income increased by 103.9% YoY during the quarter.
  • Net profit for the quarter declined by 99.1% YoY. Net profit margins during the quarter declined from 5.6% in 3QFY18 to 0.1% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.6% QoQ during the same period.
  • The company's operating profit declined by 71.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.1% in 3QFY19 as against 10.7% in 2QFY18.
  • Net profit for the quarter declined by 99.2% QoQ, while net profit margins declined from 6.3% in 2QFY18 to 0.1% in 3QFY19.

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 393.4 to Rs 200.4, registering a Loss of Rs 193.0 or around 49.1%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 21,043.6 (up 1.0%). Over the last one year it has moved down from 21,239.0 to 21,043.6, a gain of 195 points (down 0.9%).

Overall, the S&P BSE SENSEX is up 5.5% over the year.

Current Valuations

At the current price of Rs 200.4, the price to earnings (P/E) ratio of EVEREADY IND. stands at 53.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.3 times.

Equitymaster requests your view! Post a comment on "EVEREADY IND. Announces Quarterly Results (3QFY19); Net Profit Down 99.1%". Click here!

  

Related Views on News

EVEREADY IND. 2018-19 Annual Report Analysis (Annual Result Update)

Sep 30, 2019 | Updated on Sep 30, 2019

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

EVEREADY IND. Announces Quarterly Results (1QFY20); Net Profit Down 62.7% (Quarterly Result Update)

Aug 20, 2019 | Updated on Aug 20, 2019

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.

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

Jul 30, 2018 | Updated on Jul 30, 2018

For the quarter ended June 2018, EVEREADY IND. has posted a net profit of Rs 184 m (up 35.3% YoY). Sales on the other hand came in at Rs 4 bn (up 7.2% YoY). Read on for a complete analysis of EVEREADY IND.'s quarterly results.

More Views on News

Most Popular

Use My Secret to Increase Your Trading Profits Today

Dec 10, 2019

What to do after every trade.

How We Made 14.64% Trading Profit in Just 2 Days

Dec 12, 2019

A high probability trade that worked to perfection for my subscribers.

Blue Chips Are Passe. Get into these Stocks for Outstanding Gains in 2020(Profit Hunter)

Dec 5, 2019

This corner of the market could provide more returns than blue chips in 2020.

Make the Most of the Smallcap Rebound with These Stocks(Profit Hunter)

Dec 3, 2019

Even amid a gloomy economic scenario, there are smallcaps that have grown earnings over last one and a half year and I believe these could be the strongest candidates for a smallcap rebound.

Stocks that Can Outperform No Matter what the RBI Does Today(The 5 Minute Wrapup)

Dec 5, 2019

I won't be surprised if these stocks repeat their 2002-2006 performance.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2020
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

EVEREADY IND. SHARE PRICE


Dec 16, 2019 01:37 PM

TRACK EVEREADY IND.

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

EVEREADY IND. - CENTURY ENKA COMPARISON

COMPARE EVEREADY IND. WITH

MARKET STATS