SCHAEFFLER INDIA LTD Announces Quarterly Results (3QFY20); Net Profit Down 21.1%

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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 ChangeYoY Change
Net SalesRs m11,86310,35210,3650.1%-12.6%
Other incomeRs m26512920759.7%-22.2%
TurnoverRs m12,12810,48110,5710.9%-12.8%
ExpensesRs m10,1458,9238,895-0.3%-12.3%
Gross profitRs m1,7181,4281,4702.9%-14.5%
DepreciationRs m3884004256.2%9.4%
InterestRs m27411146.5%-60.7%
Profit before taxRs m1,5691,1541,2417.6%-20.9%
TaxRs m49720939689.0%-20.4%
Profit after taxRs m1,072944846-10.5%-21.1%
Gross profit margin%14.513.814.2
Effective tax rate%31.718.131.9
Net profit margin%8.89.08.0
* 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 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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