SADBHAV ENGINEERING Announces Quarterly Results (3QFY20); Net Profit Down 79.3%

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SADBHAV ENGINEERING Announces Quarterly Results (3QFY20); Net Profit Down 79.3%
Wed, 19 Feb

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

SADBHAV ENGINEERING Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m9,2555,6514,400-22.1%-52.5%
Other incomeRs m127647620.2%-40.1%
TurnoverRs m9,3835,7154,477-21.7%-52.3%
ExpensesRs m8,1474,9553,852-22.3%-52.7%
Gross profitRs m1,108696548-21.2%-50.5%
DepreciationRs m241277268-3.4%10.9%
InterestRs m29120723111.8%-20.6%
Profit before taxRs m703276126-54.2%-82.1%
TaxRs m1411710-43.6%-93.1%
Profit after taxRs m563259117-54.9%-79.3%
Gross profit margin%12.012.312.5
Effective tax rate%20.06.27.7
Net profit margin%6.04.52.6
* 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 fell 52.5% on a year-on-year (YoY) basis. The expenses were down by 52.7% YoY during the same period.
  • The company's operating profit declined by 50.5% YoY during the quarter. Consequently, operating profit margins remained same and stood at 12.5% in 3QFY20.
  • Depreciation charges increased by 10.9% and finance costs declined by 20.6% YoY, respectively.
  • Other income declined by 40.1% YoY during the quarter.
  • Net profit for the quarter declined by 79.3% YoY. Net profit margins during the quarter declined from 6.0% in 3QFY19 to 2.6% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 22.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 22.3% QoQ during the same period.
  • The company's operating profit declined by 21.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.5% in 3QFY20 as against 12.3% in 2QFY19.
  • Net profit for the quarter declined by 54.9% QoQ, while net profit margins declined from 4.5% in 2QFY19 to 2.6% in 3QFY20.

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

Get Details: These 3 Stocks are the Dark Horses of the Stock Market

SADBHAV ENGINEERING Share Price Performance

Over the last one year,SADBHAV ENGINEERING share price has moved down from Rs 166.2 to Rs 82.8, registering a Loss of Rs 83.5 or around 50.2%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 16,604.7 (up 0.2%). Over the last one year it has moved up from 16,439.0 to 16,604.7, a gain of 166 points (up 1.0%).

Overall, the S&P BSE SENSEX is up 16.1% over the year.

Current Valuations

At the current price of Rs 82.8, the price to earnings (P/E) ratio of SADBHAV ENGINEERING stands at 13.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.0 times.

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