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- SCHAEFFLER INDIA LTD Announces Quarterly Results (2QFY19); Net Profit Up 54.7%
SCHAEFFLER INDIA LTD Announces Quarterly Results (2QFY19); Net Profit Up 54.7%
Fri, 9 Nov
SCHAEFFLER INDIA LTD has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:
SCHAEFFLER INDIA LTD Quarterly Financials
| No. of Mths Qtr. Ending | 3 Sep-17* | 3 Jun-18* | 3 Sep-18* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 4,922 | 5,149 | 11,915 | 131.4% | 142.1% |
| Other income | Rs m | 181 | 288 | 170 | -40.9% | -5.8% |
| Turnover | Rs m | 5,103 | 5,437 | 12,085 | 122.3% | 136.8% |
| Expenses | Rs m | 4,016 | 4,300 | 9,918 | 130.7% | 147.0% |
| Gross profit | Rs m | 906 | 850 | 1,605 | 88.9% | 77.3% |
| Depreciation | Rs m | 179 | 191 | 372 | 94.4% | 108.0% |
| Interest | Rs m | 2 | 1 | 13 | 1240.0% | 793.3% |
| Profit before tax | Rs m | 906 | 946 | 1,390 | 47.0% | 53.4% |
| Tax | Rs m | 320 | 333 | 484 | 45.3% | 51.2% |
| Profit after tax | Rs m | 586 | 613 | 907 | 48.0% | 54.7% |
| Gross profit margin | % | 18.4 | 16.5 | 13.5 | ||
| Effective tax rate | % | 35.3 | 35.2 | 34.8 | ||
| Net profit margin | % | 11.5 | 11.3 | 7.5 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter grew 142.1% on a year-on-year (YoY) basis. The expenses were up by 147.0% YoY during the same period.
- The company's operating profit increased by 77.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.5% in 2QFY19 as against 18.4% in 2QFY18.
- Depreciation charges increased by 108.0% and finance costs increased by 793.3% YoY, respectively.
- Other income declined by 5.8% YoY during the quarter.
- Net profit for the quarter increased by 54.7% YoY. Net profit margins during the quarter declined from 11.5% in 2QFY18 to 7.5% in 2QFY19.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter grew 131.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 130.7% QoQ during the same period.
- The company's operating profit declined by 88.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.5% in 2QFY19 as against 16.5% in 1QFY18.
- Net profit for the quarter increased by 48.0% QoQ, while net profit margins declined from 11.3% in 1QFY18 to 7.5% in 2QFY19.
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 up from Rs 5,091.5 to Rs 5,316.1, registering a Gain of Rs 224.6 or around 4.4%.
Overall, the S&P BSE SENSEX is up 5.3% over the year.
Current Valuations
At the current price of Rs 5,316.1, the price to earnings (P/E) ratio of SCHAEFFLER INDIA LTD stands at 30.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.1 times.
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SCHAEFFLER INDIA LTD Announces Quarterly Results (3QFY19); Net Profit Up 57.7% (Quarterly Result Update)
Feb 18, 2019 | Updated on Feb 18, 2019For the quarter ended December 2018, SCHAEFFLER INDIA LTD has posted a net profit of Rs 1 bn (up 57.7% YoY). Sales on the other hand came in at Rs 12 bn (up 134.4% YoY). Read on for a complete analysis of SCHAEFFLER INDIA LTD 's quarterly results.
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