SUPRAJIT ENGG Announces Quarterly Results (3QFY19); Net Profit Up 50.0%

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SUPRAJIT ENGG Announces Quarterly Results (3QFY19); Net Profit Up 50.0%
Fri, 15 Feb

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

SUPRAJIT ENGG Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m2,5443,9144,0563.6%59.4%
Other incomeRs m7330184522.5%152.8%
TurnoverRs m2,6173,9444,2417.5%62.1%
ExpensesRs m2,0913,3833,4502.0%65.0%
Gross profitRs m45353160714.2%34.0%
DepreciationRs m471011032.0%118.7%
InterestRs m486358-8.8%21.0%
Profit before taxRs m43039663059.0%46.3%
TaxRs m16915523852.9%40.6%
Profit after taxRs m26124139262.9%50.0%
Gross profit margin%17.813.615.0
Effective tax rate%39.339.237.7
Net profit margin%10.06.19.2
* 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 grew 59.4% on a year-on-year (YoY) basis. The expenses were up by 65.0% YoY during the same period.
  • The company's operating profit increased by 34.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.0% in 3QFY19 as against 17.8% in 3QFY18.
  • Depreciation charges increased by 118.7% and finance costs increased by 21.0% YoY, respectively.
  • Other income increased by 152.8% YoY during the quarter.
  • Net profit for the quarter increased by 50.0% YoY. Net profit margins during the quarter declined from 10.0% in 3QFY18 to 9.2% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 3.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.0% QoQ during the same period.
  • The company's operating profit increased by 14.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.0% in 3QFY19 as against 13.6% in 2QFY18.
  • Net profit for the quarter increased by 62.9% QoQ, while net profit margins increased from 6.1% in 2QFY18 to 9.2% in 3QFY19.

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

SUPRAJIT ENGG Share Price Performance

Over the last one year, SUPRAJIT ENGG share price has moved up from Rs 272.6 to Rs 190.0, registering a Loss of Rs 82.6 or around 30.3%.

Overall, the S&P BSE SENSEX is up 4.3% over the year.

Current Valuations

At the current price of Rs 190.0, the price to earnings (P/E) ratio of SUPRAJIT ENGG stands at 22.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.1 times.

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