BOSCH Announces Quarterly Results (1QFY21); Net Profit Down 143.0%

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BOSCH Announces Quarterly Results (1QFY21); Net Profit Down 143.0%
Tue, 22 Sep

BOSCH has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

BOSCH Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m27,78822,3699,915-55.7%-64.3%
Other incomeRs m9881,4041,73423.5%75.6%
TurnoverRs m28,77623,77311,649-51.0%-59.5%
ExpensesRs m22,95918,95510,936-42.3%-52.4%
Gross profitRs m4,008444-2,993-774.0%-174.7%
DepreciationRs m7551,158728-37.1%-3.6%
InterestRs m184918-63.1%1.7%
Profit before taxRs m4,222641-2,005-412.8%-147.5%
TaxRs m1,423-170-801-156.3%
Profit after taxRs m2,800811-1,205-248.5%-143.0%
Gross profit margin%14.42.0-30.2
Effective tax rate%33.7-26.639.9
Net profit margin%9.73.4-10.3
* 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 64.3% on a year-on-year (YoY) basis. The expenses were down by 52.4% YoY during the same period.
  • The company's operating profit declined by 174.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 30.2% in 1QFY21 as against 14.4% in 1QFY20.
  • Depreciation charges declined by 3.6% and finance costs increased by 1.7% YoY, respectively.
  • Other income increased by 75.6% YoY during the quarter.
  • Net profit for the quarter declined by 143.0% YoY. Net profit margins during the quarter declined from 9.7% in 1QFY20 to -10.3% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 55.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 42.3% QoQ during the same period.
  • The company's operating profit declined by 774.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 30.2% in 1QFY21 as against 2.0% in 4QFY20.
  • Net profit for the quarter declined by 248.5% QoQ, while net profit margins declined from 3.4% in 4QFY20 to -10.3% in 1QFY21.

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

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BOSCH Share Price Performance

Over the last one year, BOSCH share price has moved down from Rs 14,045.1 to Rs 12,465.3, registering a Loss of Rs 1,579.8 or around 11.2%.

Overall, the S&P BSE SENSEX is up 3.3% over the year.

Current Valuations

At the current price of Rs 12,465.3, the price to earnings (P/E) ratio of BOSCH stands at 116.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.2 times.

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