SCHAEFFLER INDIA LTD Announces Quarterly Results (2QFY20); Net Profit Up 4.2%

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SCHAEFFLER INDIA LTD Announces Quarterly Results (2QFY20); Net Profit Up 4.2%
Fri, 25 Oct

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

SCHAEFFLER INDIA LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m11,91511,16710,352-7.3%-13.1%
Other incomeRs m1701251293.9%-24.1%
TurnoverRs m12,08511,29210,481-7.2%-13.3%
ExpensesRs m9,9189,5748,923-6.8%-10.0%
Gross profitRs m1,6051,5941,428-10.4%-11.0%
DepreciationRs m3723854003.9%7.5%
InterestRs m1384-44.9%-67.9%
Profit before taxRs m1,3901,3261,154-13.0%-17.0%
TaxRs m484501209-58.2%-56.7%
Profit after taxRs m90782594414.5%4.2%
Gross profit margin%13.514.313.8
Effective tax rate%34.837.818.1
Net profit margin%7.57.39.0
* 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 13.1% on a year-on-year (YoY) basis. The expenses were down by 10.0% YoY during the same period.
  • The company's operating profit declined by 11.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.8% in 2QFY20 as against 13.5% in 2QFY19.
  • Depreciation charges increased by 7.5% and finance costs declined by 67.9% YoY, respectively.
  • Other income declined by 24.1% YoY during the quarter.
  • Net profit for the quarter increased by 4.2% YoY. Net profit margins during the quarter increased from 7.5% in 2QFY19 to 9.0% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 7.3% 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 10.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.8% in 2QFY20 as against 14.3% in 1QFY19.
  • Net profit for the quarter increased by 14.5% QoQ, while net profit margins increased from 7.3% in 1QFY19 to 9.0% in 2QFY20.

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

RELEASED! Richa Agarwal's No. 1 Stock Pick for 2021

SCHAEFFLER INDIA LTD Share Price Performance

Over the last one year,SCHAEFFLER INDIA LTD share price has moved down from Rs 4,800.0 to Rs 4,000.0, registering a Loss of Rs 800.0 or around 16.7%.

Overall, the S&P BSE SENSEX is up 14.6% over the year.

Current Valuations

At the current price of Rs 4,000.0, the price to earnings (P/E) ratio of SCHAEFFLER INDIA LTD stands at 17.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.5 times.

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