PRAJ IND.LTD Announces Quarterly Results (1QFY19); Net Profit Up 751.2%

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PRAJ IND.LTD Announces Quarterly Results (1QFY19); Net Profit Up 751.2%
Tue, 7 Aug

PRAJ IND.LTD has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

PRAJ IND.LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m1,9282,7451,916-30.2%-0.6%
Other incomeRs m3110134-66.2%11.1%
TurnoverRs m1,9592,8461,950-31.5%-0.4%
ExpensesRs m1,8942,4351,844-24.3%-2.6%
Gross profitRs m3431172-76.7%110.8%
DepreciationRs m586159-1.8%2.9%
InterestRs m232-26.7%-8.3%
Profit before taxRs m534845-87.1%814.3%
TaxRs m18010-87.6%1137.5%
Profit after taxRs m426835-87.0%751.2%
Gross profit margin%1.811.33.8
Effective tax rate%16.323.022.1
Net profit margin%0.29.41.8
* 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 0.6% on a year-on-year (YoY) basis. The expenses were down by 2.6% YoY during the same period.
  • The company's operating profit increased by 110.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 3.8% in 1QFY19 as against 1.8% in 1QFY18.
  • Depreciation charges and finance costs increased by 2.9% YoY and 8.3% YoY, respectively.
  • Other income increased by 11.1% YoY during the quarter.
  • Net profit for the quarter increased by 751.2% YoY. Net profit margins during the quarter increased from 0.2% in 1QFY18 to 1.8% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 30.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 24.3% QoQ during the same period.
  • The company's operating profit declined by 76.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.8% in 1QFY19 as against 11.3% in 4QFY18.
  • Net profit for the quarter declined by 87.0% QoQ, while net profit margins declined from 9.4% in 4QFY18 to 1.8% in 1QFY19.

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

PRAJ IND.LTD Share Price Performance

Over the last one year, PRAJ IND.LTD share price has moved up from Rs 75.7 to Rs 81.5, registering a Gain of Rs 5.9 or around 7.7%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,337.8 (up 0.1%). Over the last one year it has moved up from 17,776.3 to 18,337.8, a gain of 561 points (up 3.2%).

Overall, the S&P BSE SENSEX is down 0.0% over the year.

Current Valuations

At the current price of Rs 81.5, the price to earnings (P/E) ratio of PRAJ IND.LTD stands at 35.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.1 times.

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