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

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EXIDE INDUSTRIES Announces Quarterly Results (2QFY19); Net Profit Up 98.1%
Mon, 12 Nov

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

EXIDE INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m23,71327,72527,204-1.9%14.7%
Other incomeRs m13942116177.1%-16.1%
TurnoverRs m23,85227,76727,320-1.6%14.5%
ExpensesRs m20,75423,81523,8760.3%15.0%
Gross profitRs m2,5413,9094,41012.8%73.6%
DepreciationRs m5977197686.9%28.7%
InterestRs m21111423.2%-34.9%
Profit before taxRs m2,0613,2213,74516.2%81.7%
TaxRs m7061,1221,060-5.5%50.2%
Profit after taxRs m1,3552,0992,68427.9%98.1%
Gross profit margin%10.714.116.2
Effective tax rate%34.334.828.3
Net profit margin%5.77.69.8
* 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 14.7% on a year-on-year (YoY) basis. The expenses were up by 15.0% YoY during the same period.
  • The company's operating profit increased by 73.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.2% in 2QFY19 as against 10.7% in 2QFY18.
  • Depreciation charges increased by 28.7% and finance costs declined by 34.9% YoY, respectively.
  • Other income declined by 16.1% YoY during the quarter.
  • Net profit for the quarter increased by 98.1% YoY. Net profit margins during the quarter increased from 5.7% in 2QFY18 to 9.8% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.3% QoQ during the same period.
  • The company's operating profit increased by 12.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.2% in 2QFY19 as against 14.1% in 1QFY18.
  • Net profit for the quarter increased by 27.9% QoQ, while net profit margins increased from 7.6% in 1QFY18 to 9.8% in 2QFY19.

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 201.0 to Rs 254.7, registering a Gain of Rs 53.8 or around 26.7%.

Overall, the S&P BSE SENSEX is up 5.9% over the year.

Current Valuations

At the current price of Rs 254.7, the price to earnings (P/E) ratio of EXIDE INDUSTRIES stands at 26.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.0 times.

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