SUPRAJIT ENGINEERING Announces Quarterly Results (3QFY21); Net Profit Up 65.6%

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SUPRAJIT ENGINEERING Announces Quarterly Results (3QFY21); Net Profit Up 65.6%
Thu, 11 Feb

SUPRAJIT ENGINEERING has announced its results for the quarter ended December 2020. Here is a detailed performance review of the same:

SUPRAJIT ENGINEERING Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m4,1234,4315,07314.5%23.0%
Other incomeRs m538670-18.3%33.4%
TurnoverRs m4,1754,5175,14313.8%23.2%
ExpensesRs m3,6223,6974,20913.9%16.2%
Gross profitRs m50173586417.5%72.4%
DepreciationRs m149144143-0.3%-3.8%
InterestRs m525554-1.8%4.8%
Profit before taxRs m35362273618.4%108.6%
TaxRs m4114122055.9%435.5%
Profit after taxRs m3124815167.4%65.6%
Gross profit margin%12.116.617.0
Effective tax rate%11.622.729.9
Net profit margin%7.510.610.0
* 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 23.0% on a year-on-year (YoY) basis. The expenses were up by 16.2% YoY during the same period.
  • The company's operating profit increased by 72.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.0% in 3QFY21 as against 12.1% in 3QFY20.
  • Depreciation charges declined by 3.8% and finance costs increased by 4.8% YoY, respectively.
  • Other income increased by 33.4% YoY during the quarter.
  • Net profit for the quarter increased by 65.6% YoY. Net profit margins during the quarter increased from 7.5% in 3QFY20 to 10.0% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 14.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 13.9% QoQ during the same period.
  • The company's operating profit increased by 17.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.0% in 3QFY21 as against 16.6% in 2QFY20.
  • Net profit for the quarter increased by 7.4% QoQ, while net profit margins declined from 10.6% in 2QFY20 to 10.0% in 3QFY21.

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 up from Rs 194.5 to Rs 257.7, registering a Gain of Rs 63.2 or around 32.5%.

Overall, the S&P BSE SENSEX is up 25.8% over the year.

Current Valuations

At the current price of Rs 257.7, the price to earnings (P/E) ratio of SUPRAJIT ENGINEERING stands at 40.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.6 times.

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

Feb 3, 2020 | Updated on Feb 3, 2020

For the quarter ended December 2019, SUPRAJIT ENGINEERING has posted a net profit of Rs 312 m (down 20.4% YoY). Sales on the other hand came in at Rs 4 bn (up 1.6% YoY). Read on for a complete analysis of SUPRAJIT ENGINEERING's quarterly results.

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