SUPRAJIT ENGINEERING Announces Quarterly Results (3QFY20); Net Profit Down 20.4%

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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 ChangeYoY Change
Net SalesRs m4,0563,9824,1233.5%1.6%
Other incomeRs m18413453-60.6%-71.4%
TurnoverRs m4,2414,1164,1751.5%-1.5%
ExpensesRs m3,4503,4243,6225.8%5.0%
Gross profitRs m607558501-10.2%-17.4%
DepreciationRs m103159149-6.6%43.9%
InterestRs m585252-0.6%-10.7%
Profit before taxRs m630480353-26.5%-43.9%
TaxRs m238304135.3%-82.7%
Profit after taxRs m392450312-30.6%-20.4%
Gross profit margin%15.014.012.1
Effective tax rate%37.76.311.6
Net profit margin%9.210.97.5
* 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 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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For the quarter ended December 2018, SUPRAJIT ENGG has posted a net profit of Rs 392 m (up 50.0% YoY). Sales on the other hand came in at Rs 4 bn (up 59.4% YoY). Read on for a complete analysis of SUPRAJIT ENGG's quarterly results.

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Jan 22, 2021 12:02 PM

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