EXIDE INDUSTRIES Announces Quarterly Results (3QFY20); Net Profit Up 26.4%

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EXIDE INDUSTRIES Announces Quarterly Results (3QFY20); Net Profit Up 26.4%
Thu, 6 Feb

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

EXIDE INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m24,96826,10924,115-7.6%-3.4%
Other incomeRs m8056251352.6%214.4%
TurnoverRs m25,04826,16424,366-6.9%-2.7%
ExpensesRs m21,84322,43620,916-6.8%-4.2%
Gross profitRs m3,1253,6722,981-18.8%-4.6%
DepreciationRs m8138989253.0%13.8%
InterestRs m23182120.2%-7.4%
Profit before taxRs m2,3692,8122,286-18.7%-3.5%
TaxRs m818439326-25.6%-60.1%
Profit after taxRs m1,5502,3731,959-17.4%26.4%
Gross profit margin%12.514.112.4
Effective tax rate%34.515.614.3
Net profit margin%6.29.18.0
* 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 fell 3.4% on a year-on-year (YoY) basis. The expenses were down by 4.2% YoY during the same period.
  • The company's operating profit declined by 4.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.4% in 3QFY20 as against 12.5% in 3QFY19.
  • Depreciation charges increased by 13.8% and finance costs declined by 7.4% YoY, respectively.
  • Other income increased by 214.4% YoY during the quarter.
  • Net profit for the quarter increased by 26.4% YoY. Net profit margins during the quarter increased from 6.2% in 3QFY19 to 8.0% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 7.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.8% QoQ during the same period.
  • The company's operating profit declined by 18.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.4% in 3QFY20 as against 14.1% in 2QFY19.
  • Net profit for the quarter declined by 17.4% QoQ, while net profit margins declined from 9.1% in 2QFY19 to 8.0% in 3QFY20.

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

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EXIDE INDUSTRIES Share Price Performance

Over the last one year,EXIDE INDUSTRIES share price has moved down from Rs 218.8 to Rs 186.3, registering a Loss of Rs 32.6 or around 14.9%.

Overall, the S&P BSE SENSEX is up 12.4% over the year.

Current Valuations

At the current price of Rs 186.3, the price to earnings (P/E) ratio of EXIDE INDUSTRIES stands at 18.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.6 times.

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EXIDE INDUSTRIES Announces Quarterly Results (2QFY20); Net Profit Down 11.6% (Quarterly Result Update)

Nov 14, 2019 | Updated on Nov 14, 2019

For the quarter ended September 2019, EXIDE INDUSTRIES has posted a net profit of Rs 2 bn (down 11.6% YoY). Sales on the other hand came in at Rs 26 bn (down 4.0% YoY). Read on for a complete analysis of EXIDE INDUSTRIES's quarterly results.

EXIDE INDUSTRIES 2018-19 Annual Report Analysis (Annual Result Update)

Sep 16, 2019 | Updated on Sep 16, 2019

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

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

Aug 5, 2019 | Updated on Aug 5, 2019

For the quarter ended June 2019, EXIDE INDUSTRIES has posted a net profit of Rs 2 bn (up 6.8% YoY). Sales on the other hand came in at Rs 28 bn (up 0.2% YoY). Read on for a complete analysis of EXIDE INDUSTRIES's quarterly results.

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