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- SUPRAJIT ENGINEERING Announces Quarterly Results (3QFY20); Net Profit Down 20.4%
SUPRAJIT ENGINEERING Announces Quarterly Results (3QFY20); Net Profit Down 20.4%
Mon, 3 Feb
SUPRAJIT ENGINEERING has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:
SUPRAJIT ENGINEERING Quarterly Financials
| No. of Mths Qtr. Ending | 3 Dec-18* | 3 Sep-19* | 3 Dec-19* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 4,056 | 3,982 | 4,123 | 3.5% | 1.6% |
| Other income | Rs m | 184 | 134 | 53 | -60.6% | -71.4% |
| Turnover | Rs m | 4,241 | 4,116 | 4,175 | 1.5% | -1.5% |
| Expenses | Rs m | 3,450 | 3,424 | 3,622 | 5.8% | 5.0% |
| Gross profit | Rs m | 607 | 558 | 501 | -10.2% | -17.4% |
| Depreciation | Rs m | 103 | 159 | 149 | -6.6% | 43.9% |
| Interest | Rs m | 58 | 52 | 52 | -0.6% | -10.7% |
| Profit before tax | Rs m | 630 | 480 | 353 | -26.5% | -43.9% |
| Tax | Rs m | 238 | 30 | 41 | 35.3% | -82.7% |
| Profit after tax | Rs m | 392 | 450 | 312 | -30.6% | -20.4% |
| Gross profit margin | % | 15.0 | 14.0 | 12.1 | ||
| Effective tax rate | % | 37.7 | 6.3 | 11.6 | ||
| Net profit margin | % | 9.2 | 10.9 | 7.5 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter grew 1.6% on a year-on-year (YoY) basis. The expenses were up by 5.0% YoY during the same period.
- The company's operating profit declined by 17.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.1% in 3QFY20 as against 15.0% in 3QFY19.
- Depreciation charges increased by 43.9% and finance costs declined by 10.7% YoY, respectively.
- Other income declined by 71.4% YoY during the quarter.
- Net profit for the quarter declined by 20.4% YoY. Net profit margins during the quarter declined from 9.2% in 3QFY19 to 7.5% in 3QFY20.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter grew 3.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.8% QoQ during the same period.
- The company's operating profit declined by 10.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.1% in 3QFY20 as against 14.0% in 2QFY19.
- Net profit for the quarter declined by 30.6% QoQ, while net profit margins declined from 10.9% in 2QFY19 to 7.5% in 3QFY20.
To see how SUPRAJIT ENGINEERING has performed over the last eight quarters,please visit here.
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SUPRAJIT ENGINEERING Share Price Performance
Over the last one year,SUPRAJIT ENGINEERING share price has moved down from Rs 198.6 to Rs 197.3, registering a Loss of Rs 1.3 or around 0.7%.
Overall, the S&P BSE SENSEX is up 9.6% over the year.
Current Valuations
At the current price of Rs 197.3, the price to earnings (P/E) ratio of SUPRAJIT ENGINEERING stands at 19.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.6 times.
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Aug 16, 2019 | Updated on Aug 16, 2019For the quarter ended June 2019, SUPRAJIT ENGINEERING has posted a net profit of Rs 248 m (down 4.9% YoY). Sales on the other hand came in at Rs 4 bn (up 54.0% YoY). Read on for a complete analysis of SUPRAJIT ENGINEERING's quarterly results.
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