LEEL ELECTRICALS LTD Announces Quarterly Results (2QFY19); Net Profit Down 100.4%

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LEEL ELECTRICALS LTD Announces Quarterly Results (2QFY19); Net Profit Down 100.4%
Tue, 27 Nov

LEEL ELECTRICALS LTD has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

LEEL ELECTRICALS LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m3,2395,1332,071-59.7%-36.1%
Other incomeRs m22134-68.0%-81.4%
TurnoverRs m3,2615,1462,075-59.7%-36.4%
ExpensesRs m3,0544,7542,047-57.0%-33.0%
Gross profitRs m9,650379183-51.6%-98.1%
DepreciationRs m818881-7.8%0.7%
InterestRs m87167141-15.2%62.6%
Profit before taxRs m9,504137-35-125.7%-100.4%
TaxRs m2,19447-6-111.8%-100.3%
Profit after taxRs m7,31090-30-133.0%-100.4%
Gross profit margin%297.97.48.9
Effective tax rate%23.134.515.9
Net profit margin%224.21.7-1.4
* 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 36.1% on a year-on-year (YoY) basis. The expenses were down by 33.0% YoY during the same period.
  • The company's operating profit declined by 98.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.9% in 2QFY19 as against 297.9% in 2QFY18.
  • Depreciation charges increased by 0.7% and finance costs increased by 62.6% YoY, respectively.
  • Other income declined by 81.4% YoY during the quarter.
  • Net profit for the quarter declined by 100.4% YoY. Net profit margins during the quarter declined from 224.2% in 2QFY18 to -1.4% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 59.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 57.0% QoQ during the same period.
  • The company's operating profit increased by 51.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 8.9% in 2QFY19 as against 7.4% in 1QFY18.
  • Net profit for the quarter declined by 133.0% QoQ, while net profit margins declined from 1.7% in 1QFY18 to -1.4% in 2QFY19.

To see how LEEL ELECTRICALS LTD has performed over the last eight quarters, please visit here.

LEEL ELECTRICALS LTD Share Price Performance

Over the last one year, LEEL ELECTRICALS LTD share price has moved up from Rs 282.0 to Rs 60.5, registering a Loss of Rs 221.5 or around 78.5%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 20,122.3 (down 0.2%). Over the last one year it has moved down from 21,517.3 to 20,122.3, a gain of 1,395 points (down 6.5%).

Overall, the S&P BSE SENSEX is up 5.2% over the year.

Current Valuations

At the current price of Rs 60.5, the price to book value (P/BV) ratio of LEEL ELECTRICALS LTD stands at 0.3 times.

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LEEL ELECTRICALS LTD 2017-18 Annual Report Analysis (Annual Result Update)

Dec 21, 2018 | Updated on Dec 21, 2018

Here's an analysis of the annual report of LEEL ELECTRICALS LTD for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of LEEL ELECTRICALS LTD. Also includes updates on the valuation of LEEL ELECTRICALS LTD.

LEEL ELECTRICALS LTD Announces Quarterly Results (4QFY18); Net Profit Down 1184.9% (Quarterly Result Update)

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For the quarter ended March 2018, LEEL ELECTRICALS LTD has posted a net profit of Rs 2 bn (down 1184.9% YoY). Sales on the other hand came in at Rs 4 bn (down 61.8% YoY). Read on for a complete analysis of LEEL ELECTRICALS LTD's quarterly results.

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