GANDHI SP.TUB Announces Quarterly Results (4QFY18); Net Profit Down 3.7%

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GANDHI SP.TUB Announces Quarterly Results (4QFY18); Net Profit Down 3.7%
Fri, 20 Jul

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

GANDHI SP.TUB Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m216281280-0.3%29.5%
Other incomeRs m1516175.4%10.6%
TurnoverRs m2322972970.0%28.2%
ExpensesRs m16717619410.2%16.0%
Gross profitRs m7510586-17.9%15.4%
DepreciationRs m111010-2.4%-13.2%
InterestRs m0000.0%0.0%
Profit before taxRs m7911294-15.9%18.5%
TaxRs m10192743.2%180.6%
Profit after taxRs m709367-27.8%-3.7%
Gross profit margin%34.637.530.9
Effective tax rate%12.016.728.5
Net profit margin%30.131.322.6
* 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 grew 29.5% on a year-on-year (YoY) basis. The expenses were up by 16.0% YoY during the same period.
  • The company's operating profit increased by 15.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 30.9% in 4QFY18 as against 34.6% in 4QFY17.
  • Depreciation charges and finance costs declined by 13.2% YoY and 0.0% YoY, respectively.
  • Other income increased by 10.6% YoY during the quarter.
  • Net profit for the quarter declined by 3.7% YoY. Net profit margins during the quarter declined from 30.1% in 4QFY17 to 22.6% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 10.2% QoQ during the same period.
  • The company's operating profit declined by 17.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 30.9% in 4QFY18 as against 37.5% in 3QFY17.
  • Net profit for the quarter declined by 27.8% QoQ, while net profit margins declined from 31.3% in 3QFY17 to 22.6% in 4QFY18.

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 328.2 to Rs 364.1, registering a Gain of Rs 35.9 or around 10.9%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 11,707.2 (down 0.7%). Over the last one year it has moved down from 12,181.2 to 11,707.2, a gain of -474.0 points (down 3.9%).

Overall, the S&P BSE SENSEX is up 0.3% over the year.

Current Valuations

At the current price of Rs 364.1, the price to earnings (P/E) ratio of GANDHI SP.TUB stands at 15.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.2 times.

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