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EXIDE INDUSTRIES Announces Quarterly Results (1QFY19); Net Profit Up 11.1%

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EXIDE INDUSTRIES Announces Quarterly Results (1QFY19); Net Profit Up 11.1%
Fri, 3 Aug

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

EXIDE INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m23,76424,59427,72512.7%16.7%
Other incomeRs m13220342-79.3%-68.2%
TurnoverRs m23,89624,79727,76712.0%16.2%
ExpensesRs m20,52121,21423,81512.3%16.1%
Gross profitRs m3,2433,3803,90915.6%20.6%
DepreciationRs m5636747196.6%27.7%
InterestRs m1661177.8%-28.2%
Profit before taxRs m2,7962,9033,22111.0%15.2%
TaxRs m9061,0071,12211.4%23.8%
Profit after taxRs m1,8901,8962,09910.7%11.1%
Gross profit margin%13.613.714.1
Effective tax rate%32.434.734.8
Net profit margin%7.97.67.6
* 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 16.7% on a year-on-year (YoY) basis. The expenses were up by 16.1% YoY during the same period.
  • The company's operating profit increased by 20.6% YoY during the quarter. Consequently, operating profit margins remained same and stood at 14.1% in 1QFY19.
  • Depreciation charges and finance costs increased by 27.7% YoY and 28.2% YoY, respectively.
  • Other income declined by 68.2% YoY during the quarter.
  • Net profit for the quarter increased by 11.1% YoY. Net profit margins during the quarter declined from 7.9% in 1QFY18 to 7.6% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 12.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 12.3% QoQ during the same period.
  • The company's operating profit increased by 15.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.1% in 1QFY19 as against 13.7% in 4QFY18.
  • Net profit for the quarter increased by 10.7% QoQ, while net profit margins declined from 7.6% in 4QFY18 to 7.6% in 1QFY19.

To see how EXIDE INDUSTRIES has performed over the last eight quarters, please visit here.

EXIDE INDUSTRIES Share Price Performance

Over the last one year, EXIDE INDUSTRIES share price has moved up from Rs 221.5 to Rs 273.5, registering a Gain of Rs 52.0 or around 23.5%.

Overall, the S&P BSE SENSEX is up 1.1% over the year.

Current Valuations

At the current price of Rs 273.5, the price to earnings (P/E) ratio of EXIDE INDUSTRIES stands at 33.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.3 times.

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EXIDE INDUSTRIES Announces Quarterly Results (3QFY19); Net Profit Up 0.5% (Quarterly Result Update)

Feb 13, 2019 | Updated on Feb 13, 2019

For the quarter ended December 2018, EXIDE INDUSTRIES has posted a net profit of Rs 2 bn (up 0.5% YoY). Sales on the other hand came in at Rs 25 bn (up 9.7% YoY). Read on for a complete analysis of EXIDE INDUSTRIES's quarterly results.

EXIDE INDUSTRIES Announces Quarterly Results (2QFY19); Net Profit Up 98.1% (Quarterly Result Update)

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