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- SUPRAJIT ENGINEERING Announces Quarterly Results (3QFY21); Net Profit Up 65.6%
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 Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 4,123 | 4,431 | 5,073 | 14.5% | 23.0% |
| Other income | Rs m | 53 | 86 | 70 | -18.3% | 33.4% |
| Turnover | Rs m | 4,175 | 4,517 | 5,143 | 13.8% | 23.2% |
| Expenses | Rs m | 3,622 | 3,697 | 4,209 | 13.9% | 16.2% |
| Gross profit | Rs m | 501 | 735 | 864 | 17.5% | 72.4% |
| Depreciation | Rs m | 149 | 144 | 143 | -0.3% | -3.8% |
| Interest | Rs m | 52 | 55 | 54 | -1.8% | 4.8% |
| Profit before tax | Rs m | 353 | 622 | 736 | 18.4% | 108.6% |
| Tax | Rs m | 41 | 141 | 220 | 55.9% | 435.5% |
| Profit after tax | Rs m | 312 | 481 | 516 | 7.4% | 65.6% |
| Gross profit margin | % | 12.1 | 16.6 | 17.0 | ||
| Effective tax rate | % | 11.6 | 22.7 | 29.9 | ||
| Net profit margin | % | 7.5 | 10.6 | 10.0 |
Interim results exclude extraordinary / exceptional items
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.
Revealed: 3 Stocks for Potentially Massive Gains
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.
Related Views on News
SUPRAJIT ENGINEERING Announces Quarterly Results (3QFY20); Net Profit Down 20.4% (Quarterly Result Update)
Feb 3, 2020 | Updated on Feb 3, 2020For 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.
SUPRAJIT ENGINEERING Announces Quarterly Results (1QFY20); Net Profit Down 4.9% (Quarterly Result Update)
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.
SUPRAJIT ENGINEERING 2018-19 Annual Report Analysis (Annual Result Update)
Jul 19, 2019 | Updated on Jul 19, 2019Here's an analysis of the annual report of SUPRAJIT ENGINEERING for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of SUPRAJIT ENGINEERING. Also includes updates on the valuation of SUPRAJIT ENGINEERING.
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