PATELS AIRTEMP Announces Quarterly Results (3QFY20); Net Profit Up 79.1%

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PATELS AIRTEMP Announces Quarterly Results (3QFY20); Net Profit Up 79.1%
Mon, 10 Feb

PATELS AIRTEMP has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

PATELS AIRTEMP Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m32052362619.7%95.8%
Other incomeRs m222-26.4%-21.7%
TurnoverRs m32252562719.6%95.1%
ExpensesRs m27847256219.1%102.0%
Gross profitRs m41516426.2%54.2%
DepreciationRs m677-0.2%5.7%
InterestRs m15162023.5%36.4%
Profit before taxRs m23303929.6%72.0%
TaxRs m7310201.2%55.1%
Profit after taxRs m1627297.6%79.1%
Gross profit margin%13.09.710.2
Effective tax rate%29.311.426.4
Net profit margin%5.05.14.6
* 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 95.8% on a year-on-year (YoY) basis. The expenses were up by 102.0% YoY during the same period.
  • The company's operating profit increased by 54.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.2% in 3QFY20 as against 13.0% in 3QFY19.
  • Depreciation charges increased by 5.7% and finance costs increased by 36.4% YoY, respectively.
  • Other income declined by 21.7% YoY during the quarter.
  • Net profit for the quarter increased by 79.1% YoY. Net profit margins during the quarter declined from 5.0% in 3QFY19 to 4.6% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 19.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 19.1% QoQ during the same period.
  • The company's operating profit increased by 26.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.2% in 3QFY20 as against 9.7% in 2QFY19.
  • Net profit for the quarter increased by 7.6% QoQ, while net profit margins declined from 5.1% in 2QFY19 to 4.6% in 3QFY20.

To see how PATELS AIRTEMP has performed over the last eight quarters,please visit here.

Urgent New Alert: About Coming Once-in-a-generation Wealth Shift

PATELS AIRTEMP Share Price Performance

Over the last one year,PATELS AIRTEMP share price has moved up from Rs 111.8 to Rs 137.8, registering a Gain of Rs 26.0 or around 23.2%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 16,882.9 (down 1.3%). Over the last one year it has moved up from 16,846.8 to 16,882.9, a gain of 36 points (up 0.2%).

Overall, the S&P BSE SENSEX is up 10.4% over the year.

Current Valuations

At the current price of Rs 137.8, the price to earnings (P/E) ratio of PATELS AIRTEMP stands at 6.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.

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