SCHAEFFLER INDIA LTD Announces Quarterly Results (1QFY20); Net Profit Up 34.7%

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SCHAEFFLER INDIA LTD Announces Quarterly Results (1QFY20); Net Profit Up 34.7%
Thu, 25 Jul

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

SCHAEFFLER INDIA LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m5,14911,72311,167-4.7%116.9%
Other incomeRs m288172125-27.5%-56.8%
TurnoverRs m5,43711,89511,292-5.1%107.7%
ExpensesRs m4,3009,8799,574-3.1%122.7%
Gross profitRs m8501,8411,594-13.4%87.6%
DepreciationRs m1913783851.7%101.1%
InterestRs m1128-35.0%680.0%
Profit before taxRs m9461,6231,326-18.3%40.2%
TaxRs m333561501-10.7%50.4%
Profit after taxRs m6131,062825-22.3%34.7%
Gross profit margin%16.515.714.3
Effective tax rate%35.234.637.8
Net profit margin%11.38.97.3
* 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 116.9% on a year-on-year (YoY) basis. The expenses were up by 122.7% YoY during the same period.
  • The company's operating profit increased by 87.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.3% in 1QFY20 as against 16.5% in 1QFY19.
  • Depreciation charges increased by 101.1% and finance costs increased by 680.0% YoY, respectively.
  • Other income declined by 56.8% YoY during the quarter.
  • Net profit for the quarter increased by 34.7% YoY. Net profit margins during the quarter declined from 11.3% in 1QFY19 to 7.3% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 4.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 3.1% QoQ during the same period.
  • The company's operating profit declined by 13.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.3% in 1QFY20 as against 15.7% in 4QFY19.
  • Net profit for the quarter declined by 22.3% QoQ, while net profit margins declined from 8.9% in 4QFY19 to 7.3% in 1QFY20.

To see how SCHAEFFLER INDIA LTD has performed over the last eight quarters,please visit here.

SCHAEFFLER INDIA LTD Share Price Performance

Over the last one year,SCHAEFFLER INDIA LTD share price has moved down from Rs 5,306.5 to Rs 4,075.5, registering a Loss of Rs 1,231.0 or around 23.2%.

Overall, the S&P BSE SENSEX is up 3.4% over the year.

Current Valuations

At the current price of Rs 4,075.5, the price to earnings (P/E) ratio of SCHAEFFLER INDIA LTD stands at 17.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.5 times.

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