BOSCH Announces Quarterly Results (2QFY20); Net Profit Down 41.1%

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BOSCH Announces Quarterly Results (2QFY20); Net Profit Down 41.1%
Thu, 14 Nov

BOSCH has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

BOSCH Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m32,01127,78823,127-16.8%-27.8%
Other incomeRs m1,3959881,67569.6%20.0%
TurnoverRs m33,40628,77624,801-13.8%-25.8%
ExpensesRs m26,04922,95919,758-13.9%-24.2%
Gross profitRs m5,9624,0082,067-48.4%-65.3%
DepreciationRs m9507558279.5%-13.0%
InterestRs m0186-68.0%0.0%
Profit before taxRs m6,4074,2222,909-31.1%-54.6%
TaxRs m2,2071,423434-69.5%-80.4%
Profit after taxRs m4,2002,8002,475-11.6%-41.1%
Gross profit margin%18.614.48.9
Effective tax rate%34.433.714.9
Net profit margin%12.69.710.0
* 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 27.8% on a year-on-year (YoY) basis. The expenses were down by 24.2% YoY during the same period.
  • The company's operating profit declined by 65.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.9% in 2QFY20 as against 18.6% in 2QFY19.
  • Depreciation charges declined by 13.0% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 20.0% YoY during the quarter.
  • Net profit for the quarter declined by 41.1% YoY. Net profit margins during the quarter declined from 12.6% in 2QFY19 to 10.0% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 16.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 13.9% QoQ during the same period.
  • The company's operating profit declined by 48.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.9% in 2QFY20 as against 14.4% in 1QFY19.
  • Net profit for the quarter declined by 11.6% QoQ, while net profit margins increased from 9.7% in 1QFY19 to 10.0% in 2QFY20.

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

Revealed: Top 3 Stocks for 2020 and Beyond

BOSCH Share Price Performance

Over the last one year,BOSCH share price has moved down from Rs 19,225.3 to Rs 15,220.0, registering a Loss of Rs 4,005.3 or around 20.8%.

Overall, the S&P BSE SENSEX is up 14.4% over the year.

Current Valuations

At the current price of Rs 15,220.0, the price to earnings (P/E) ratio of BOSCH stands at 36.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.1 times.

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