PETRON ENGG. Announces Quarterly Results (3QFY19); Net Profit Up 94.2%

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PETRON ENGG. Announces Quarterly Results (3QFY19); Net Profit Up 94.2%
Wed, 20 Feb

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

PETRON ENGG. Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m410359291-19.0%-29.1%
Other incomeRs m3220.0%-34.5%
TurnoverRs m413361293-18.9%-29.1%
ExpensesRs m1,225315307-2.4%-74.9%
Gross profitRs m-81544-16-137.1%
DepreciationRs m161818-1.1%11.0%
InterestRs m471141-98.8%-97.0%
Profit before taxRs m-875-86-34
TaxRs m-290000.0%
Profit after taxRs m-585-86-34
Gross profit margin%-198.912.3-5.6
Effective tax rate%33.10.00.0
Net profit margin%-141.8-23.9-11.7
* 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 29.1% on a year-on-year (YoY) basis. The expenses were down by 74.9% YoY during the same period.
  • The company's operating profit declined by 98.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 5.6% in 3QFY19 as against 198.9% in 3QFY18.
  • Depreciation charges increased by 11.0% and finance costs declined by 97.0% YoY, respectively.
  • Other income declined by 34.5% YoY during the quarter.
  • Net profit for the quarter increased by 94.2% YoY. Net profit margins during the quarter increased from -141.8% in 3QFY18 to -11.7% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 19.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.4% QoQ during the same period.
  • The company's operating profit declined by 137.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.6% in 3QFY19 as against 12.3% in 2QFY18.
  • Net profit for the quarter increased by 60.4% QoQ, while net profit margins increased from -23.8% in 2QFY18 to -11.7% in 3QFY19.

To see how PETRON ENGG. has performed over the last eight quarters, please visit here.

PETRON ENGG. Share Price Performance

Over the last one year, PETRON ENGG. share price has moved up from Rs 121.0 to Rs 23.4, registering a Loss of Rs 97.7 or around 80.7%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 16,629.1 (up 1.2%). Over the last one year it has moved down from 18,844.4 to 16,629.1, a gain of 2,215 points (down 11.8%).

Overall, the S&P BSE SENSEX is up 5.5% over the year.

Current Valuations

At the current price of Rs 23.4, the price to book value (P/BV) ratio of PETRON ENGG. stands at 0.1 times.

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PETRON ENGG. Announces Quarterly Results (2QFY19); Net Profit Down 14.0% (Quarterly Result Update)

Nov 23, 2018 | Updated on Nov 23, 2018

For the quarter ended September 2018, PETRON ENGG. has posted a net profit of Rs 86 m (down 14.0% YoY). Sales on the other hand came in at Rs 359 m (down 47.1% YoY). Read on for a complete analysis of PETRON ENGG.'s quarterly results.

PETRON ENGG. Announces Quarterly Results (1QFY19); Net Profit Down 183.8% (Quarterly Result Update)

Aug 22, 2018 | Updated on Aug 22, 2018

For the quarter ended June 2018, PETRON ENGG. has posted a net profit of Rs 108 m (down 183.8% YoY). Sales on the other hand came in at Rs 374 m (down 57.2% YoY). Read on for a complete analysis of PETRON ENGG.'s quarterly results.

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