EXIDE INDUSTRIES Announces Quarterly Results (1QFY20); Net Profit Up 6.8%

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EXIDE INDUSTRIES Announces Quarterly Results (1QFY20); Net Profit Up 6.8%
Mon, 5 Aug

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

EXIDE INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m27,72525,98727,7936.9%0.2%
Other incomeRs m42166164-1.1%290.7%
TurnoverRs m27,76726,15327,9576.9%0.7%
ExpensesRs m23,81522,25423,7166.6%-0.4%
Gross profitRs m3,9093,7334,0779.2%4.3%
DepreciationRs m7198358643.5%20.2%
InterestRs m11121844.4%59.8%
Profit before taxRs m3,2213,0513,35910.1%4.3%
TaxRs m1,1229451,11618.2%-0.5%
Profit after taxRs m2,0992,1072,2436.5%6.8%
Gross profit margin%14.114.414.7
Effective tax rate%34.831.033.2
Net profit margin%7.68.18.0
* 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 0.2% on a year-on-year (YoY) basis. The expenses were down by 0.4% YoY during the same period.
  • The company's operating profit increased by 4.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.7% in 1QFY20 as against 14.1% in 1QFY19.
  • Depreciation charges increased by 20.2% and finance costs increased by 59.8% YoY, respectively.
  • Other income increased by 290.7% YoY during the quarter.
  • Net profit for the quarter increased by 6.8% YoY. Net profit margins during the quarter increased from 7.6% in 1QFY19 to 8.0% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 6.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.6% QoQ during the same period.
  • The company's operating profit increased by 9.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.7% in 1QFY20 as against 14.4% in 4QFY19.
  • Net profit for the quarter increased by 6.5% QoQ, while net profit margins declined from 8.1% in 4QFY19 to 8.0% in 1QFY20.

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 down from Rs 273.0 to Rs 178.4, registering a Loss of Rs 94.7 or around 34.7%.

Overall, the S&P BSE SENSEX is down 1.3% over the year.

Current Valuations

At the current price of Rs 178.4, the price to earnings (P/E) ratio of EXIDE INDUSTRIES stands at 17.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.8 times.

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