PATELS AIRTEMP Announces Quarterly Results (4QFY19); Net Profit Down 19.3%

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PATELS AIRTEMP Announces Quarterly Results (4QFY19); Net Profit Down 19.3%
Mon, 27 May

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

PATELS AIRTEMP Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m56032048953.0%-12.6%
Other incomeRs m12-1-138.2%-162.7%
TurnoverRs m56132248851.8%-12.9%
ExpensesRs m49327843154.9%-12.7%
Gross profitRs m66415840.4%-12.0%
DepreciationRs m7676.7%2.8%
InterestRs m171514-2.2%-17.8%
Profit before taxRs m44233660.7%-16.3%
TaxRs m1271164.6%-8.2%
Profit after taxRs m32162659.1%-19.3%
Gross profit margin%11.813.011.9
Effective tax rate%27.329.330.0
Net profit margin%5.65.05.2
* 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 12.6% on a year-on-year (YoY) basis. The expenses were down by 12.7% YoY during the same period.
  • The company's operating profit declined by 12.0% YoY during the quarter. Consequently, operating profit margins remained same and stood at 11.9% in 4QFY19.
  • Depreciation charges increased by 2.8% and finance costs declined by 17.8% YoY, respectively.
  • Other income declined by 162.7% YoY during the quarter.
  • Net profit for the quarter declined by 19.3% YoY. Net profit margins during the quarter declined from 5.6% in 4QFY18 to 5.2% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 53.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 54.9% QoQ during the same period.
  • The company's operating profit declined by 40.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.9% in 4QFY19 as against 13.0% in 3QFY18.
  • Net profit for the quarter increased by 59.1% QoQ, while net profit margins increased from 5.0% in 3QFY18 to 5.2% in 4QFY19.

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

PATELS AIRTEMP Share Price Performance

Over the last one year, PATELS AIRTEMP share price has moved up from Rs 156.2 to Rs 98.1, registering a Loss of Rs 58.2 or around 37.2%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 19,992.8 (up 1.6%). Over the last one year it has moved up from 18,605.1 to 19,992.8, a gain of 1,388 points (up 7.5%).

Overall, the S&P BSE SENSEX is up 14.2% over the year.

Current Valuations

At the current price of Rs 98.1, the price to earnings (P/E) ratio of PATELS AIRTEMP stands at 6.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.7 times.

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