PRAJ IND.LTD Announces Quarterly Results (3QFY19); Net Profit Up 197.9%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

PRAJ IND.LTD Announces Quarterly Results (3QFY19); Net Profit Up 197.9%
Tue, 29 Jan

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

PRAJ IND.LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m2,4832,5103,30331.6%33.0%
Other incomeRs m16517445.3%378.1%
TurnoverRs m2,4982,5613,37731.9%35.2%
ExpensesRs m2,3152,3723,02427.5%30.6%
Gross profitRs m168138279101.5%66.4%
DepreciationRs m616056-5.2%-8.0%
InterestRs m312100.0%-25.0%
Profit before taxRs m119129294128.6%148.1%
TaxRs m43397077.8%61.3%
Profit after taxRs m7589224150.9%197.9%
Gross profit margin%6.75.58.4
Effective tax rate%36.530.523.7
Net profit margin%3.03.56.6
* 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 33.0% on a year-on-year (YoY) basis. The expenses were up by 30.6% YoY during the same period.
  • The company's operating profit increased by 66.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 8.4% in 3QFY19 as against 6.7% in 3QFY18.
  • Depreciation charges declined by 8.0% and finance costs declined by 25.0% YoY, respectively.
  • Other income increased by 378.1% YoY during the quarter.
  • Net profit for the quarter increased by 197.9% YoY. Net profit margins during the quarter increased from 3.0% in 3QFY18 to 6.6% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 31.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 27.5% QoQ during the same period.
  • The company's operating profit increased by 101.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 8.4% in 3QFY19 as against 5.5% in 2QFY18.
  • Net profit for the quarter increased by 150.9% QoQ, while net profit margins increased from 3.5% in 2QFY18 to 6.6% in 3QFY19.

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 110.5 to Rs 119.7, registering a Gain of Rs 9.3 or around 8.4%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,030.9 (down 0.4%). Over the last one year it has moved down from 20,670.1 to 17,030.9, a gain of 3,639 points (down 17.6%).

Overall, the S&P BSE SENSEX is down 1.9% over the year.

Current Valuations

At the current price of Rs 119.7, the price to earnings (P/E) ratio of PRAJ IND.LTD stands at 35.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.0 times.

Equitymaster requests your view! Post a comment on "PRAJ IND.LTD Announces Quarterly Results (3QFY19); Net Profit Up 197.9%". Click here!

  

Related Views on News

PRAJ IND.LTD Announces Quarterly Results (2QFY20); Net Profit Up 80.4% (Quarterly Result Update)

Oct 29, 2019 | Updated on Oct 29, 2019

For the quarter ended September 2019, PRAJ IND.LTD has posted a net profit of Rs 161 m (up 80.4% YoY). Sales on the other hand came in at Rs 3 bn (up 17.2% YoY). Read on for a complete analysis of PRAJ IND.LTD's quarterly results.

PRAJ IND.LTD 2018-19 Annual Report Analysis (Annual Result Update)

Sep 19, 2019 | Updated on Sep 19, 2019

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

PRAJ IND.LTD Announces Quarterly Results (1QFY20); Net Profit Up 151.3% (Quarterly Result Update)

Jul 25, 2019 | Updated on Jul 25, 2019

For the quarter ended June 2019, PRAJ IND.LTD has posted a net profit of Rs 88 m (up 151.3% YoY). Sales on the other hand came in at Rs 2 bn (up 10.4% YoY). Read on for a complete analysis of PRAJ IND.LTD's quarterly results.

PRAJ IND.LTD 2017-18 Annual Report Analysis (Annual Result Update)

Dec 20, 2018 | Updated on Dec 20, 2018

Here's an analysis of the annual report of PRAJ IND.LTD for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of PRAJ IND.LTD. Also includes updates on the valuation of PRAJ IND.LTD.

Garden Reach Shipbuilders and Engineers Ltd: Is This PSU Shipbuilder Worth Betting On? (IPO)

Sep 24, 2018

Should you apply for the IPO of Garden Reach Shipbuilders and Engineers Ltd?

More Views on News

Most Popular

How to Find the Best Stocks for Day Trading - 1(Fast Profits Daily)

Jul 2, 2020

In the first of two videos, I'll show you how to identify the best stocks for intraday trading.

Be Prepared to Profit from the Coming Crash in Oil Prices(Fast Profits Daily)

Jun 25, 2020

The stability in crude oil prices will not last much longer. Be ready to make fast profits when the time comes to short crude.

Tata Motors Tripled in 18 Months but You Can Do Even Better. Here's How...(Profit Hunter)

Jun 24, 2020

Rahul is ready for a repeat of his famous 2008 Tata Motors call.

Two Agri Stocks Are Likely to Outperform Even in this Market(Profit Hunter)

Jul 2, 2020

Why we have recommended two agriculture stocks for our Hidden Treasure subscribers. Read on...

More

India's #1 Trader
Reveals His Secrets

The Secret to Increasing Your Trading Profits Today
Get this Special Report, The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

PRAJ IND.LTD SHARE PRICE


Jul 3, 2020 (Close)

TRACK PRAJ IND.LTD

  • Track your investment in PRAJ IND.LTD with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

PRAJ IND.LTD 5-YR ANALYSIS

COMPARE PRAJ IND.LTD WITH

MARKET STATS