GANDHI SPECIAL TUBES Announces Quarterly Results (4QFY19); Net Profit Up 11.2%

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GANDHI SPECIAL TUBES Announces Quarterly Results (4QFY19); Net Profit Up 11.2%
Wed, 5 Jun

GANDHI SPECIAL TUBES has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

GANDHI SPECIAL TUBES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m280277241-13.1%-14.1%
Other incomeRs m172523-7.1%37.2%
TurnoverRs m297302264-12.6%-11.2%
ExpensesRs m194185151-18.7%-22.1%
Gross profitRs m869190-1.7%3.9%
DepreciationRs m10109-2.4%-2.2%
InterestRs m0000.0%0.0%
Profit before taxRs m94107104-2.9%10.5%
TaxRs m27929240.6%8.8%
Profit after taxRs m679875-24.1%11.2%
Gross profit margin%30.933.037.3
Effective tax rate%28.58.028.0
Net profit margin%22.632.628.3
* 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 14.1% on a year-on-year (YoY) basis. The expenses were down by 22.1% YoY during the same period.
  • The company's operating profit increased by 3.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 37.3% in 4QFY19 as against 30.9% in 4QFY18.
  • Depreciation charges declined by 2.2% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 37.2% YoY during the quarter.
  • Net profit for the quarter increased by 11.2% YoY. Net profit margins during the quarter increased from 22.6% in 4QFY18 to 28.3% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 13.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 18.7% QoQ during the same period.
  • The company's operating profit increased by 1.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 37.3% in 4QFY19 as against 33.0% in 3QFY18.
  • Net profit for the quarter declined by 24.1% QoQ, while net profit margins declined from 32.5% in 3QFY18 to 28.3% in 4QFY19.

To see how GANDHI SPECIAL TUBES has performed over the last eight quarters, please visit here.

GANDHI SPECIAL TUBES Share Price Performance

Over the last one year, GANDHI SPECIAL TUBES share price has moved up from Rs 376.7 to Rs 408.4, registering a Gain of Rs 31.7 or around 8.4%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 10,977.6 (up 0.3%). Over the last one year it has moved down from 13,485.0 to 10,977.6, a gain of 2,507 points (down 18.6%).

Overall, the S&P BSE SENSEX is up 14.5% over the year.

Current Valuations

At the current price of Rs 408.4, the price to earnings (P/E) ratio of GANDHI SPECIAL TUBES stands at 14.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.2 times.

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Related Views on News

GANDHI SPECIAL TUBES Announces Quarterly Results (1QFY20); Net Profit Down 49.0% (Quarterly Result Update)

Aug 2, 2019 | Updated on Aug 2, 2019

For the quarter ended June 2019, GANDHI SPECIAL TUBES has posted a net profit of Rs 58 m (down 49.0% YoY). Sales on the other hand came in at Rs 238 m (down 36.5% YoY). Read on for a complete analysis of GANDHI SPECIAL TUBES's quarterly results.

GANDHI SP.TUB Announces Quarterly Results (3QFY19); Net Profit Up 5.7% (Quarterly Result Update)

Feb 13, 2019 | Updated on Feb 13, 2019

For the quarter ended December 2018, GANDHI SP.TUB has posted a net profit of Rs 98 m (up 5.7% YoY). Sales on the other hand came in at Rs 277 m (down 1.6% YoY). Read on for a complete analysis of GANDHI SP.TUB's quarterly results.

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