EXIDE INDUSTRIES Announces Quarterly Results (4QFY18); Net Profit Up 15.0%

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EXIDE INDUSTRIES Announces Quarterly Results (4QFY18); Net Profit Up 15.0%
Thu, 19 Jul

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

EXIDE INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m22,25422,76524,5948.0%10.5%
Other incomeRs m21511120383.5%-5.8%
TurnoverRs m22,47022,87624,7978.4%10.4%
ExpensesRs m19,63719,94021,2146.4%8.0%
Gross profitRs m2,6182,8263,38019.6%29.1%
DepreciationRs m5446256747.8%23.9%
InterestRs m096-32.3%0.0%
Profit before taxRs m2,2892,3022,90326.1%26.8%
TaxRs m6417591,00732.7%57.1%
Profit after taxRs m1,6481,5431,89622.9%15.0%
Gross profit margin%11.812.413.7
Effective tax rate%28.033.034.7
Net profit margin%7.36.77.6
* 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 10.5% on a year-on-year (YoY) basis. The expenses were up by 8.0% YoY during the same period.
  • The company's operating profit increased by 29.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.7% in 4QFY18 as against 11.8% in 4QFY17.
  • Depreciation charges and finance costs increased by 23.9% YoY and 0.0% YoY, respectively.
  • Other income declined by 5.8% YoY during the quarter.
  • Net profit for the quarter increased by 15.0% YoY. Net profit margins during the quarter increased from 7.3% in 4QFY17 to 7.6% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 8.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.4% QoQ during the same period.
  • The company's operating profit increased by 19.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.7% in 4QFY18 as against 12.4% in 3QFY17.
  • Net profit for the quarter increased by 22.9% QoQ, while net profit margins increased from 6.7% in 3QFY17 to 7.6% in 4QFY18.

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 218.2 to Rs 261.9, registering a Gain of Rs 43.7 or around 20.0%.

Overall, the S&P BSE SENSEX is down 0.1% over the year.

Current Valuations

At the current price of Rs 261.9, the price to earnings (P/E) ratio of EXIDE INDUSTRIES stands at 33.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.4 times.

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