LAKSHMI MACHINE Announces Quarterly Results (4QFY19); Net Profit Down 39.9%

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LAKSHMI MACHINE Announces Quarterly Results (4QFY19); Net Profit Down 39.9%
Wed, 22 May

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

LAKSHMI MACHINE Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m7,4736,4795,800-10.5%-22.4%
Other incomeRs m340133308131.4%-9.5%
TurnoverRs m7,8136,6126,108-7.6%-21.8%
ExpensesRs m6,7985,5925,475-2.1%-19.5%
Gross profitRs m642886325-63.4%-49.4%
DepreciationRs m166126103-18.3%-38.3%
InterestRs m12212.7%117.3%
Profit before taxRs m815891528-40.8%-35.2%
TaxRs m202268160-40.3%-21.0%
Profit after taxRs m612624368-41.0%-39.9%
Gross profit margin%8.613.75.6
Effective tax rate%24.830.030.3
Net profit margin%7.89.46.0
* 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 22.4% on a year-on-year (YoY) basis. The expenses were down by 19.5% YoY during the same period.
  • The company's operating profit declined by 49.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.6% in 4QFY19 as against 8.6% in 4QFY18.
  • Depreciation charges declined by 38.3% and finance costs increased by 117.3% YoY, respectively.
  • Other income declined by 9.5% YoY during the quarter.
  • Net profit for the quarter declined by 39.9% YoY. Net profit margins during the quarter declined from 7.8% in 4QFY18 to 6.0% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 10.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.1% QoQ during the same period.
  • The company's operating profit declined by 63.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.6% in 4QFY19 as against 13.7% in 3QFY18.
  • Net profit for the quarter declined by 41.0% QoQ, while net profit margins declined from 9.4% in 3QFY18 to 6.0% in 4QFY19.

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

LAKSHMI MACHINE Share Price Performance

Over the last one year, LAKSHMI MACHINE share price has moved up from Rs 8,478.6 to Rs 5,421.0, registering a Loss of Rs 3,057.6 or around 36.1%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,637.4 (up 0.1%). Over the last one year it has moved up from 18,420.3 to 18,637.4, a gain of 217 points (up 1.2%).

Overall, the S&P BSE SENSEX is up 13.1% over the year.

Current Valuations

At the current price of Rs 5,421.0, the price to earnings (P/E) ratio of LAKSHMI MACHINE stands at 35.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.8 times.

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