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SWELECT ENERGY SYSTEMS Announces Quarterly Results (1QFY19); Net Profit Down 50.0%

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SWELECT ENERGY SYSTEMS Announces Quarterly Results (1QFY19); Net Profit Down 50.0%
Fri, 10 Aug

SWELECT ENERGY SYSTEMS has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

SWELECT ENERGY SYSTEMS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m47546056122.1%18.2%
Other incomeRs m5310020-80.1%-62.3%
TurnoverRs m5285605813.8%10.2%
ExpensesRs m39241948616.2%24.2%
Gross profitRs m83417582.5%-9.7%
DepreciationRs m274727-42.1%0.0%
InterestRs m14161919.5%39.7%
Profit before taxRs m957849-37.6%-48.7%
TaxRs m221912-36.3%-44.5%
Profit after taxRs m735937-38.0%-50.0%
Gross profit margin%17.59.013.4
Effective tax rate%23.224.625.1
Net profit margin%13.810.56.3
* 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 grew 18.2% on a year-on-year (YoY) basis. The expenses were up by 24.2% YoY during the same period.
  • The company's operating profit declined by 9.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.4% in 1QFY19 as against 17.5% in 1QFY18.
  • Depreciation charges and finance costs declined by 0.0% YoY and 39.7% YoY, respectively.
  • Other income declined by 62.3% YoY during the quarter.
  • Net profit for the quarter declined by 50.0% YoY. Net profit margins during the quarter declined from 13.8% in 1QFY18 to 6.3% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 22.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 16.2% QoQ during the same period.
  • The company's operating profit increased by 82.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.4% in 1QFY19 as against 9.0% in 4QFY18.
  • Net profit for the quarter declined by 38.0% QoQ, while net profit margins declined from 10.5% in 4QFY18 to 6.3% in 1QFY19.

To see how SWELECT ENERGY SYSTEMS has performed over the last eight quarters, please visit here.

SWELECT ENERGY SYSTEMS Share Price Performance

Over the last one year, SWELECT ENERGY SYSTEMS share price has moved up from Rs 507.5 to Rs 308.5, registering a Loss of Rs 199.0 or around 39.2%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,089.7 (down 1.2%). Over the last one year it has moved up from 17,133.3 to 18,089.7, a gain of 956 points (up 5.6%).

Overall, the S&P BSE SENSEX is up 19.1% over the year.

Current Valuations

At the current price of Rs 308.5, the price to earnings (P/E) ratio of SWELECT ENERGY SYSTEMS stands at 15.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.5 times.

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