SCHAEFFLER INDIA LTD Announces Quarterly Results (4QFY19); Net Profit Up 60.8%

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SCHAEFFLER INDIA LTD Announces Quarterly Results (4QFY19); Net Profit Up 60.8%
Thu, 2 May

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

SCHAEFFLER INDIA LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m5,21211,86311,723-1.2%124.9%
Other incomeRs m246265172-35.3%-30.2%
TurnoverRs m5,45812,12811,895-1.9%117.9%
ExpensesRs m4,28810,1459,879-2.6%130.4%
Gross profitRs m9241,7181,8417.1%99.2%
DepreciationRs m188388378-2.6%100.7%
InterestRs m12712-55.6%1100.0%
Profit before taxRs m9811,5691,6233.4%65.4%
TaxRs m32149756112.8%74.8%
Profit after taxRs m6601,0721,062-0.9%60.8%
Gross profit margin%17.714.515.7
Effective tax rate%32.731.734.6
Net profit margin%12.18.88.9
* 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 124.9% on a year-on-year (YoY) basis. The expenses were up by 130.4% YoY during the same period.
  • The company's operating profit increased by 99.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.7% in 4QFY19 as against 17.7% in 4QFY18.
  • Depreciation charges increased by 100.7% and finance costs increased by 1100.0% YoY, respectively.
  • Other income declined by 30.2% YoY during the quarter.
  • Net profit for the quarter increased by 60.8% YoY. Net profit margins during the quarter declined from 12.1% in 4QFY18 to 8.9% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.6% QoQ during the same period.
  • The company's operating profit increased by 7.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.7% in 4QFY19 as against 14.5% in 3QFY18.
  • Net profit for the quarter declined by 0.9% QoQ, while net profit margins increased from 8.8% in 3QFY18 to 8.9% in 4QFY19.

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 5,328.0 to Rs 5,300.0, registering a Loss of Rs 28.0 or around 0.5%.

Overall, the S&P BSE SENSEX is up 10.9% over the year.

Current Valuations

At the current price of Rs 5,300.0, the price to earnings (P/E) ratio of SCHAEFFLER INDIA LTD stands at 24.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.3 times.

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