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

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GANDHI SP.TUB Announces Quarterly Results (3QFY19); Net Profit Up 5.7%
Wed, 13 Feb

GANDHI SP.TUB has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

GANDHI SP.TUB Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m281336277-17.8%-1.6%
Other incomeRs m16162555.9%55.7%
TurnoverRs m297353302-14.4%1.6%
ExpensesRs m176207185-10.6%5.5%
Gross profitRs m10512991-29.3%-13.3%
DepreciationRs m109104.6%-2.1%
InterestRs m0000.0%0.0%
Profit before taxRs m112136107-21.4%-4.3%
TaxRs m19369-76.3%-54.3%
Profit after taxRs m9310098-1.6%5.7%
Gross profit margin%37.538.433.0
Effective tax rate%16.726.58.0
Net profit margin%31.328.432.6
* 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 1.6% on a year-on-year (YoY) basis. The expenses were up by 5.5% YoY during the same period.
  • The company's operating profit declined by 13.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 33.0% in 3QFY19 as against 37.5% in 3QFY18.
  • Depreciation charges declined by 2.1% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 55.7% YoY during the quarter.
  • Net profit for the quarter increased by 5.7% YoY. Net profit margins during the quarter increased from 31.3% in 3QFY18 to 32.6% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 17.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 10.6% QoQ during the same period.
  • The company's operating profit declined by 29.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 33.0% in 3QFY19 as against 38.4% in 2QFY18.
  • Net profit for the quarter declined by 1.6% QoQ, while net profit margins increased from 28.3% in 2QFY18 to 32.6% in 3QFY19.

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

GANDHI SP.TUB Share Price Performance

Over the last one year, GANDHI SP.TUB share price has moved up from Rs 416.0 to Rs 342.0, registering a Loss of Rs 74.0 or around 17.8%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 10,359.7 (down 0.2%). Over the last one year it has moved down from 15,253.5 to 10,359.7, a gain of 4,894 points (down 32.1%).

Overall, the S&P BSE SENSEX is up 5.7% over the year.

Current Valuations

At the current price of Rs 342.0, the price to earnings (P/E) ratio of GANDHI SP.TUB stands at 12.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.7 times.

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

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For the quarter ended March 2019, GANDHI SPECIAL TUBES has posted a net profit of Rs 75 m (up 11.2% YoY). Sales on the other hand came in at Rs 241 m (down 14.1% YoY). Read on for a complete analysis of GANDHI SPECIAL TUBES's quarterly results.

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