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PATEL ENGINEERING
PATEL ENGG. Announces Quarterly Results (3QFY19); Net Profit Up 318.3%

PATEL ENGG. Announces Quarterly Results (3QFY19); Net Profit Up 318.3%
Wed, 20 Feb

PATEL ENGG. has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

PATEL ENGG. Quarterly Financials

No. of Mths Qtr. Ending		3 Dec-17*	3 Sep-18*	3 Dec-18*	QoQ Change	YoY Change
Net Sales	Rs m	6,357	5,399	4,841	-10.3%	-23.9%
Other income	Rs m	1,316	558	555	-0.6%	-57.8%
Turnover	Rs m	7,674	5,957	5,396	-9.4%	-29.7%
Expenses	Rs m	3,688	4,122	4,098	-0.6%	11.1%
Gross profit	Rs m	-66	427	743	74.2%
Depreciation	Rs m	111	100	95	-4.8%	-14.4%
Interest	Rs m	1,095	780	831	6.5%	-24.1%
Profit before tax	Rs m	44	105	372	255.4%	752.5%
Tax	Rs m	-25	46	84	85.3%
Profit after tax	Rs m	69	59	287	386.3%	318.3%
Gross profit margin	%	-1.0	7.9	15.4
Effective tax rate	%	-57.6	43.5	22.7
Net profit margin	%	0.9	1.0	5.3

* 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 23.9% on a year-on-year (YoY) basis. The expenses were up by 11.1% YoY during the same period.
The company's operating profit declined by 1222.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.4% in 3QFY19 as against 1.0% in 3QFY18.
Depreciation charges declined by 14.4% and finance costs declined by 24.1% YoY, respectively.
Other income declined by 57.8% YoY during the quarter.
Net profit for the quarter increased by 318.3% YoY. Net profit margins during the quarter increased from 0.9% in 3QFY18 to 5.3% in 3QFY19.

Quarter-on-Quarter Performance:

The company's operating income during the quarter fell 10.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.6% QoQ during the same period.
The company's operating profit increased by 74.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.4% in 3QFY19 as against 7.9% in 2QFY18.
Net profit for the quarter increased by 386.3% QoQ, while net profit margins increased from 1.0% in 2QFY18 to 5.3% in 3QFY19.

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

PATEL ENGG. Share Price Performance

Over the last one year, PATEL ENGG. share price has moved up from Rs 71.9 to Rs 23.8, registering a Loss of Rs 48.1 or around 66.9%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,789.3 (up 0.5%). Over the last one year it has moved down from 2,422.1 to 1,789.3, a gain of 633 points (down 26.1%).

Overall, the S&P BSE SENSEX is up 5.5% over the year.

Current Valuations

At the current price of Rs 23.8, the price to earnings (P/E) ratio of PATEL ENGG. stands at 1.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.1 times.

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PATEL ENGG. 2018-19 Annual Report Analysis (Annual Result Update)

Sep 25, 2019 | Updated on Sep 25, 2019

Here's an analysis of the annual report of PATEL ENGG. for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of PATEL ENGG.. Also includes updates on the valuation of PATEL ENGG..

PATEL ENGG. Announces Quarterly Results (1QFY20); Net Profit Up 61.8% (Quarterly Result Update)

Aug 21, 2019 | Updated on Aug 21, 2019

For the quarter ended June 2019, PATEL ENGG. has posted a net profit of Rs 585 m (up 61.8% YoY). Sales on the other hand came in at Rs 6 bn (up 7.7% YoY). Read on for a complete analysis of PATEL ENGG.'s quarterly results.

PATEL ENGG. Announces Quarterly Results (4QFY19); Net Profit Down 85.5% (Quarterly Result Update)

May 3, 2019 | Updated on May 3, 2019

For the quarter ended March 2019, PATEL ENGG. has posted a net profit of Rs 120 m (down 85.5% YoY). Sales on the other hand came in at Rs 5 bn (up 4.6% YoY). Read on for a complete analysis of PATEL ENGG.'s quarterly results.

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