PRAJ IND.LTD Announces Quarterly Results (4QFY19); Net Profit Up 24.4%

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PRAJ IND.LTD Announces Quarterly Results (4QFY19); Net Profit Up 24.4%
Fri, 17 May

PRAJ IND.LTD has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

PRAJ IND.LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m2,7453,3033,68211.5%34.1%
Other incomeRs m1017474-0.3%-26.8%
TurnoverRs m2,8463,3773,75611.2%32.0%
ExpensesRs m2,4353,0243,2888.7%35.0%
Gross profitRs m31127939441.4%26.8%
DepreciationRs m615654-3.9%-10.4%
InterestRs m322-25.0%-40.0%
Profit before taxRs m34829441240.1%18.3%
TaxRs m80707812.5%-2.1%
Profit after taxRs m26822433448.7%24.4%
Gross profit margin%11.38.410.7
Effective tax rate%23.023.719.0
Net profit margin%9.46.68.9
* 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 34.1% on a year-on-year (YoY) basis. The expenses were up by 35.0% YoY during the same period.
  • The company's operating profit increased by 26.8% YoY during the quarter. Consequently, operating profit margins remained same and stood at 10.7% in 4QFY19.
  • Depreciation charges declined by 10.4% and finance costs declined by 40.0% YoY, respectively.
  • Other income declined by 26.8% YoY during the quarter.
  • Net profit for the quarter increased by 24.4% YoY. Net profit margins during the quarter declined from 9.4% in 4QFY18 to 8.9% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 11.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 8.7% QoQ during the same period.
  • The company's operating profit increased by 41.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.7% in 4QFY19 as against 8.4% in 3QFY18.
  • Net profit for the quarter increased by 48.7% QoQ, while net profit margins increased from 6.6% in 3QFY18 to 8.9% in 4QFY19.

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 102.1 to Rs 132.0, registering a Gain of Rs 29.9 or around 29.3%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,573.2 (up 0.4%). Over the last one year it has moved down from 19,018.2 to 17,573.2, a gain of 1,445 points (down 7.6%).

Overall, the S&P BSE SENSEX is up 6.2% over the year.

Current Valuations

At the current price of Rs 132.0, the price to earnings (P/E) ratio of PRAJ IND.LTD stands at 35.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.4 times.

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