SADBHAV ENGINEERING Announces Quarterly Results (2QFY19); Net Profit Up 14.3%

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SADBHAV ENGINEERING Announces Quarterly Results (2QFY19); Net Profit Up 14.3%
Thu, 15 Nov

SADBHAV ENGINEERING has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

SADBHAV ENGINEERING Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m6,9319,1146,906-24.2%-0.4%
Other incomeRs m510866-38.6%1139.6%
TurnoverRs m6,9369,2236,972-24.4%0.5%
ExpensesRs m6,1438,0446,073-24.5%-1.1%
Gross profitRs m7881,070833-22.2%5.8%
DepreciationRs m2512412441.4%-2.8%
InterestRs m2152572736.1%26.8%
Profit before taxRs m327681383-43.8%17.2%
TaxRs m-8460-100.4%
Profit after taxRs m335634383-39.6%14.3%
Gross profit margin%11.411.712.1
Effective tax rate%-2.66.80.0
Net profit margin%4.86.95.5
* 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 0.4% on a year-on-year (YoY) basis. The expenses were down by 1.1% YoY during the same period.
  • The company's operating profit increased by 5.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.1% in 2QFY19 as against 11.4% in 2QFY18.
  • Depreciation charges declined by 2.8% and finance costs increased by 26.8% YoY, respectively.
  • Other income increased by 1139.6% YoY during the quarter.
  • Net profit for the quarter increased by 14.3% YoY. Net profit margins during the quarter increased from 4.8% in 2QFY18 to 5.5% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 24.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 24.5% QoQ during the same period.
  • The company's operating profit increased by 22.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.1% in 2QFY19 as against 11.7% in 1QFY18.
  • Net profit for the quarter declined by 39.6% QoQ, while net profit margins declined from 6.9% in 1QFY18 to 5.5% in 2QFY19.

To see how SADBHAV ENGINEERING has performed over the last eight quarters, please visit here.

SADBHAV ENGINEERING Share Price Performance

Over the last one year, SADBHAV ENGINEERING share price has moved up from Rs 310.4 to Rs 220.2, registering a Loss of Rs 90.2 or around 29.1%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,435.4 (up 0.7%). Over the last one year it has moved up from 18,070.5 to 18,435.4, a gain of 365 points (up 2.0%).

Overall, the S&P BSE SENSEX is up 6.8% over the year.

Current Valuations

At the current price of Rs 220.2, the price to earnings (P/E) ratio of SADBHAV ENGINEERING stands at 16.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.2 times.

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