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- SCHAEFFLER INDIA LTD Announces Quarterly Results (3QFY20); Net Profit Down 21.1%
SCHAEFFLER INDIA LTD Announces Quarterly Results (3QFY20); Net Profit Down 21.1%
Fri, 14 Feb
SCHAEFFLER INDIA LTD has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:
SCHAEFFLER INDIA LTD Quarterly Financials
| No. of Mths Qtr. Ending | 3 Dec-18* | 3 Sep-19* | 3 Dec-19* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 11,863 | 10,352 | 10,365 | 0.1% | -12.6% |
| Other income | Rs m | 265 | 129 | 207 | 59.7% | -22.2% |
| Turnover | Rs m | 12,128 | 10,481 | 10,571 | 0.9% | -12.8% |
| Expenses | Rs m | 10,145 | 8,923 | 8,895 | -0.3% | -12.3% |
| Gross profit | Rs m | 1,718 | 1,428 | 1,470 | 2.9% | -14.5% |
| Depreciation | Rs m | 388 | 400 | 425 | 6.2% | 9.4% |
| Interest | Rs m | 27 | 4 | 11 | 146.5% | -60.7% |
| Profit before tax | Rs m | 1,569 | 1,154 | 1,241 | 7.6% | -20.9% |
| Tax | Rs m | 497 | 209 | 396 | 89.0% | -20.4% |
| Profit after tax | Rs m | 1,072 | 944 | 846 | -10.5% | -21.1% |
| Gross profit margin | % | 14.5 | 13.8 | 14.2 | ||
| Effective tax rate | % | 31.7 | 18.1 | 31.9 | ||
| Net profit margin | % | 8.8 | 9.0 | 8.0 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter fell 12.6% on a year-on-year (YoY) basis. The expenses were down by 12.3% YoY during the same period.
- The company's operating profit declined by 14.5% YoY during the quarter. Consequently, operating profit margins remained same and stood at 14.2% in 3QFY20.
- Depreciation charges increased by 9.4% and finance costs declined by 60.7% YoY, respectively.
- Other income declined by 22.2% YoY during the quarter.
- Net profit for the quarter declined by 21.1% YoY. Net profit margins during the quarter declined from 8.8% in 3QFY19 to 8.0% in 3QFY20.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter grew 0.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.3% QoQ during the same period.
- The company's operating profit increased by 2.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.2% in 3QFY20 as against 13.8% in 2QFY19.
- Net profit for the quarter declined by 10.5% QoQ, while net profit margins declined from 9.0% in 2QFY19 to 8.0% in 3QFY20.
To see how SCHAEFFLER INDIA LTD has performed over the last eight quarters,please visit here.
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SCHAEFFLER INDIA LTD Share Price Performance
Over the last one year,SCHAEFFLER INDIA LTD share price has moved down from Rs 5,383.2 to Rs 4,546.7, registering a Loss of Rs 836.5 or around 15.5%.
Overall, the S&P BSE SENSEX is up 14.4% over the year.
Current Valuations
At the current price of Rs 4,546.7, the price to earnings (P/E) ratio of SCHAEFFLER INDIA LTD stands at 20.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.8 times.
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SCHAEFFLER INDIA 2018-19 Annual Report Analysis (Annual Result Update)
Nov 20, 2020 | Updated on Nov 20, 2020Here's an analysis of the annual report of SCHAEFFLER INDIA for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of SCHAEFFLER INDIA . Also includes updates on the valuation of SCHAEFFLER INDIA .
SCHAEFFLER INDIA Announces Quarterly Results (2QFY21); Net Profit Up 20.2% (Quarterly Result Update)
Oct 29, 2020 | Updated on Oct 29, 2020For the quarter ended September 2020, SCHAEFFLER INDIA has posted a net profit of Rs 1 bn (up 20.2% YoY). Sales on the other hand came in at Rs 11 bn (up 8.3% YoY). Read on for a complete analysis of SCHAEFFLER INDIA 's quarterly results.
SCHAEFFLER INDIA LTD Announces Quarterly Results (2QFY20); Net Profit Up 4.2% (Quarterly Result Update)
Oct 25, 2019 | Updated on Oct 25, 2019For the quarter ended September 2019, SCHAEFFLER INDIA LTD has posted a net profit of Rs 944 m (up 4.2% YoY). Sales on the other hand came in at Rs 10 bn (down 13.1% YoY). Read on for a complete analysis of SCHAEFFLER INDIA LTD 's quarterly results.
SCHAEFFLER INDIA LTD 2017-18 Annual Report Analysis (Annual Result Update)
Apr 9, 2019 | Updated on Apr 9, 2019Here's an analysis of the annual report of SCHAEFFLER INDIA LTD for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of SCHAEFFLER INDIA LTD . Also includes updates on the valuation of SCHAEFFLER INDIA LTD .
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