LAKSHMI MACHINE Announces Quarterly Results (4QFY20); Net Profit Down 80.9%

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LAKSHMI MACHINE Announces Quarterly Results (4QFY20); Net Profit Down 80.9%
Tue, 26 May

LAKSHMI MACHINE has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:

LAKSHMI MACHINE Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m5,8003,1523,91224.1%-32.6%
Other incomeRs m30822326016.5%-15.5%
TurnoverRs m6,1083,3754,17223.6%-31.7%
ExpensesRs m5,4753,1223,93826.1%-28.1%
Gross profitRs m32510-27-378.3%-108.3%
DepreciationRs m103126125-0.7%22.0%
InterestRs m201760.0%-64.0%
Profit before taxRs m5281071070.3%-79.7%
TaxRs m1604237-11.8%-76.8%
Profit after taxRs m36865708.1%-80.9%
Gross profit margin%5.60.3-0.7
Effective tax rate%30.339.334.6
Net profit margin%6.01.91.7
* 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 32.6% on a year-on-year (YoY) basis. The expenses were down by 28.1% YoY during the same period.
  • The company's operating profit declined by 108.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 0.7% in 4QFY20 as against 5.6% in 4QFY19.
  • Depreciation charges increased by 22.0% and finance costs declined by 64.0% YoY, respectively.
  • Other income declined by 15.5% YoY during the quarter.
  • Net profit for the quarter declined by 80.9% YoY. Net profit margins during the quarter declined from 6.0% in 4QFY19 to 1.7% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 24.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 26.1% QoQ during the same period.
  • The company's operating profit declined by 378.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 0.7% in 4QFY20 as against 0.3% in 3QFY19.
  • Net profit for the quarter increased by 8.1% QoQ, while net profit margins declined from 1.9% in 3QFY19 to 1.7% in 4QFY20.

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

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LAKSHMI MACHINE Share Price Performance

Over the last one year,LAKSHMI MACHINE share price has moved down from Rs 5,578.8 to Rs 2,460.0, registering a Loss of Rs 3,118.8 or around 55.9%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 11,268.9 (up 1.4%). Over the last one year it has moved down from 19,675.7 to 11,268.9, a loss of 8,407 points (down 42.7%).

Overall, the S&P BSE SENSEX is down 21.6% over the year.

Current Valuations

At the current price of Rs 2,460.0, the price to earnings (P/E) ratio of LAKSHMI MACHINE stands at 67.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.8 times.

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