LAKSHMI MACHINE Announces Quarterly Results (3QFY20); Net Profit Down 89.6%

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LAKSHMI MACHINE Announces Quarterly Results (3QFY20); Net Profit Down 89.6%
Tue, 28 Jan

LAKSHMI MACHINE has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

LAKSHMI MACHINE Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m6,4794,1143,152-23.4%-51.4%
Other incomeRs m133241223-7.3%67.9%
TurnoverRs m6,6124,3553,375-22.5%-49.0%
ExpensesRs m5,5924,0023,122-22.0%-44.2%
Gross profitRs m88611210-91.3%-98.9%
DepreciationRs m126128126-1.8%0.4%
InterestRs m210-91.0%-95.3%
Profit before taxRs m891223107-52.1%-88.0%
TaxRs m2684942-13.9%-84.3%
Profit after taxRs m62417465-62.8%-89.6%
Gross profit margin%13.72.70.3
Effective tax rate%30.021.939.3
Net profit margin%9.44.01.9
* 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 fell 51.4% on a year-on-year (YoY) basis. The expenses were down by 44.2% YoY during the same period.
  • The company's operating profit declined by 98.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 0.3% in 3QFY20 as against 13.7% in 3QFY19.
  • Depreciation charges increased by 0.4% and finance costs declined by 95.3% YoY, respectively.
  • Other income increased by 67.9% YoY during the quarter.
  • Net profit for the quarter declined by 89.6% YoY. Net profit margins during the quarter declined from 9.4% in 3QFY19 to 1.9% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 23.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 22.0% QoQ during the same period.
  • The company's operating profit declined by 91.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 0.3% in 3QFY20 as against 2.7% in 2QFY19.
  • Net profit for the quarter declined by 62.8% QoQ, while net profit margins declined from 4.0% in 2QFY19 to 1.9% in 3QFY20.

To see how LAKSHMI MACHINE has performed over the last eight quarters,please visit here.

Learn: How to Potentially Accumulate Rs 7 Crore in Wealth Over the Long-term

LAKSHMI MACHINE Share Price Performance

Over the last one year,LAKSHMI MACHINE share price has moved down from Rs 5,312.7 to Rs 3,377.9, registering a Loss of Rs 1,934.8 or around 36.4%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,455.9 (down 0.6%). Over the last one year it has moved up from 17,093.0 to 17,455.9, a gain of 363 points (up 2.1%).

Overall, the S&P BSE SENSEX is up 15.2% over the year.

Current Valuations

At the current price of Rs 3,377.9, the price to earnings (P/E) ratio of LAKSHMI MACHINE stands at 55.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.4 times.

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May 6, 2021 03:37 PM

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