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

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?  

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.

Watch Now: Replay of Our Explosive Profits Summit

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.

Equitymaster requests your view! Post a comment on "EXIDE INDUSTRIES Announces Quarterly Results (3QFY20); Net Profit Up 26.4%". Click here!

  

Related Views on News

EXIDE INDUSTRIES 2019-20 Annual Report Analysis (Annual Result Update)

Nov 6, 2020 | Updated on Nov 6, 2020

Here's an analysis of the annual report of EXIDE INDUSTRIES for 2019-20. 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 (1QFY21); Net Profit Down 80.4% (Quarterly Result Update)

Aug 24, 2020 | Updated on Aug 24, 2020

For the quarter ended June 2020, EXIDE INDUSTRIES has posted a net profit of Rs 440 m (down 80.4% YoY). Sales on the other hand came in at Rs 15 bn (down 44.3% YoY). Read on for a complete analysis of EXIDE INDUSTRIES's quarterly results.

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.

More Views on News

Most Popular

Not Infosys or Wipro. India's Next Wealth Creators Could Be Drone Stocks(Profit Hunter)

Nov 25, 2020

India's drones directorate signals the next big defence tech multibaggers.

It's Time to Book Profits(Fast Profits Daily)

Nov 27, 2020

In my first video on Equitymaster, I want to introduce you my proprietary greed and fear index. It's telling us to book some profits in the market.

How the New Margins Will Impact You(Fast Profits Daily)

Nov 25, 2020

The new rules on margins will come into effect from 1st December. Are you ready?

Create Wealth for Yourself in India's Drone Revolution(Profit Hunter)

Nov 27, 2020

The Chinese drone market is 14 times that of India's. Billions may flow into Indian drone companies too. Don't miss out on this wealth creating opportunity.

The Price of Dying, the Cost of Living(The Honest Truth)

Nov 20, 2020

Ajit Dayal presents a cost benefit analysis of the various types of response to covid around the world.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

EXIDE INDUSTRIES SHARE PRICE


Dec 1, 2020 (Close)

TRACK EXIDE INDUSTRIES

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

MORE ON EXIDE INDUSTRIES

EXIDE INDUSTRIES - JTEKT INDIA COMPARISON

COMPARE EXIDE INDUSTRIES WITH

MARKET STATS