SCHAEFFLER INDIA LTD Announces Quarterly Results (3QFY19); Net Profit Up 57.7%

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SCHAEFFLER INDIA LTD Announces Quarterly Results (3QFY19); Net Profit Up 57.7%
Mon, 18 Feb

SCHAEFFLER INDIA LTD has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

SCHAEFFLER INDIA LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m5,06111,91511,863-0.4%134.4%
Other incomeRs m18517026555.8%43.6%
TurnoverRs m5,24612,08512,1280.4%131.2%
ExpensesRs m4,0479,91810,1452.3%150.6%
Gross profitRs m1,0131,6051,7187.0%69.5%
DepreciationRs m1793723884.3%116.3%
InterestRs m11327101.5%3757.1%
Profit before taxRs m1,0181,3901,56912.8%54.1%
TaxRs m3394844972.7%46.7%
Profit after taxRs m6799071,07218.2%57.7%
Gross profit margin%20.013.514.5
Effective tax rate%33.334.831.7
Net profit margin%13.07.58.8
* 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 134.4% on a year-on-year (YoY) basis. The expenses were up by 150.6% YoY during the same period.
  • The company's operating profit increased by 69.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.5% in 3QFY19 as against 20.0% in 3QFY18.
  • Depreciation charges increased by 116.3% and finance costs increased by 3757.1% YoY, respectively.
  • Other income increased by 43.6% YoY during the quarter.
  • Net profit for the quarter increased by 57.7% YoY. Net profit margins during the quarter declined from 13.0% in 3QFY18 to 8.8% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.3% QoQ during the same period.
  • The company's operating profit increased by 7.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.5% in 3QFY19 as against 13.5% in 2QFY18.
  • Net profit for the quarter increased by 18.2% QoQ, while net profit margins increased from 7.5% in 2QFY18 to 8.8% in 3QFY19.

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 5,401.7 to Rs 5,269.4, registering a Loss of Rs 132.3 or around 2.4%.

Overall, the S&P BSE SENSEX is up 3.7% over the year.

Current Valuations

At the current price of Rs 5,269.4, the price to earnings (P/E) ratio of SCHAEFFLER INDIA LTD stands at 26.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.2 times.

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