SUPRAJIT ENGINEERING Announces Quarterly Results (1QFY20); Net Profit Down 4.9%

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SUPRAJIT ENGINEERING Announces Quarterly Results (1QFY20); Net Profit Down 4.9%
Fri, 16 Aug

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

SUPRAJIT ENGINEERING Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m2,3604,3113,634-15.7%54.0%
Other incomeRs m6212561-50.9%-0.2%
TurnoverRs m2,4224,4373,695-16.7%52.6%
ExpensesRs m1,9433,6763,121-15.1%60.6%
Gross profitRs m417635513-19.3%22.9%
DepreciationRs m5010612820.5%158.8%
InterestRs m4260668.9%55.6%
Profit before taxRs m387594380-36.0%-1.7%
TaxRs m126177132-25.3%4.9%
Profit after taxRs m261417248-40.5%-4.9%
Gross profit margin%17.714.714.1
Effective tax rate%32.529.734.7
Net profit margin%10.89.46.7
* 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 grew 54.0% on a year-on-year (YoY) basis. The expenses were up by 60.6% YoY during the same period.
  • The company's operating profit increased by 22.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.1% in 1QFY20 as against 17.7% in 1QFY19.
  • Depreciation charges increased by 158.8% and finance costs increased by 55.6% YoY, respectively.
  • Other income declined by 0.2% YoY during the quarter.
  • Net profit for the quarter declined by 4.9% YoY. Net profit margins during the quarter declined from 10.8% in 1QFY19 to 6.7% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 15.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 15.1% QoQ during the same period.
  • The company's operating profit declined by 19.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.1% in 1QFY20 as against 14.7% in 4QFY19.
  • Net profit for the quarter declined by 40.5% QoQ, while net profit margins declined from 9.4% in 4QFY19 to 6.7% in 1QFY20.

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

SUPRAJIT ENGINEERING Share Price Performance

Over the last one year,SUPRAJIT ENGINEERING share price has moved down from Rs 247.4 to Rs 161.0, registering a Loss of Rs 86.4 or around 34.9%.

Overall, the S&P BSE SENSEX is down 1.3% over the year.

Current Valuations

At the current price of Rs 161.0, the price to earnings (P/E) ratio of SUPRAJIT ENGINEERING stands at 17.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.9 times.

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