SHANTHI GEARS Announces Quarterly Results (1QFY20); Net Profit Up 11.2%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

SHANTHI GEARS Announces Quarterly Results (1QFY20); Net Profit Up 11.2%
Thu, 25 Jul

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

SHANTHI GEARS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m62060171819.4%15.8%
Other incomeRs m242613-50.2%-45.8%
TurnoverRs m64362773016.5%13.6%
ExpensesRs m50352858410.5%16.1%
Gross profitRs m1177313484.1%14.7%
DepreciationRs m302221-5.5%-31.2%
InterestRs m0000.0%0.0%
Profit before taxRs m1107712664.6%14.3%
TaxRs m25173291.5%24.9%
Profit after taxRs m85609557.2%11.2%
Gross profit margin%18.912.118.7
Effective tax rate%22.921.525.1
Net profit margin%13.29.612.9
* 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 15.8% on a year-on-year (YoY) basis. The expenses were up by 16.1% YoY during the same period.
  • The company's operating profit increased by 14.7% YoY during the quarter. Consequently, operating profit margins remained same and stood at 18.7% in 1QFY20.
  • Depreciation charges declined by 31.2% and finance costs increased by 0.0% YoY, respectively.
  • Other income declined by 45.8% YoY during the quarter.
  • Net profit for the quarter increased by 11.2% YoY. Net profit margins during the quarter declined from 13.2% in 1QFY19 to 12.9% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 19.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 10.5% QoQ during the same period.
  • The company's operating profit increased by 84.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.7% in 1QFY20 as against 12.1% in 4QFY19.
  • Net profit for the quarter increased by 57.2% QoQ, while net profit margins increased from 9.6% in 4QFY19 to 12.9% in 1QFY20.

To see how SHANTHI GEARS has performed over the last eight quarters,please visit here.

SHANTHI GEARS Share Price Performance

Over the last one year,SHANTHI GEARS share price has moved down from Rs 143.8 to Rs 102.8, registering a Loss of Rs 41.0 or around 28.5%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,787.2 (up 0.5%). Over the last one year it has moved down from 18,130.0 to 17,787.2, a gain of 343 points (down 1.9%).

Overall, the S&P BSE SENSEX is up 3.4% over the year.

Current Valuations

At the current price of Rs 102.8, the price to earnings (P/E) ratio of SHANTHI GEARS stands at 24.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.6 times.

Equitymaster requests your view! Post a comment on "SHANTHI GEARS Announces Quarterly Results (1QFY20); Net Profit Up 11.2%". Click here!

  

Related Views on News

Mazagon Dock Shipbuilders IPO: Should You Apply? (IPO)

Sep 29, 2020

Should you bet on this public sector defence shipbuilder?

SHANTHI GEARS Announces Quarterly Results (2QFY20); Net Profit Down 7.1% (Quarterly Result Update)

Oct 29, 2019 | Updated on Oct 29, 2019

For the quarter ended September 2019, SHANTHI GEARS has posted a net profit of Rs 84 m (down 7.1% YoY). Sales on the other hand came in at Rs 709 m (up 19.4% YoY). Read on for a complete analysis of SHANTHI GEARS's quarterly results.

SHANTHI GEARS 2018-19 Annual Report Analysis (Annual Result Update)

Sep 19, 2019 | Updated on Sep 19, 2019

Here's an analysis of the annual report of SHANTHI GEARS for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of SHANTHI GEARS. Also includes updates on the valuation of SHANTHI GEARS.

SHANTHI GEARS Announces Quarterly Results (4QFY19); Net Profit Down 37.5% (Quarterly Result Update)

May 2, 2019 | Updated on May 2, 2019

For the quarter ended March 2019, SHANTHI GEARS has posted a net profit of Rs 60 m (down 37.5% YoY). Sales on the other hand came in at Rs 601 m (up 9.7% YoY). Read on for a complete analysis of SHANTHI GEARS's quarterly results.

More Views on News

Most Popular

India: Recovery Stalled by Vaccine Games?(The Honest Truth)

Apr 13, 2021

Ajit Dayal on how India's vaccine strategy will impact the markets.

4 Stocks to Make Your Portfolio Immune to the Second Covid Wave(Profit Hunter)

Apr 6, 2021

Rather than predicting the market, successful investing is more about preparing well and placing your bets accordingly.

An India Revival Stock I'm Bullish On...(Profit Hunter)

Apr 9, 2021

This could take India to the position of 3rd largest economy.

Why Did the Market Crash on Monday?(Fast Profits Daily)

Apr 13, 2021

In this video, I'll you what I think is the real reason behind yesterday's market crash.

A Unique Sector for Short-Term Profits(Fast Profits Daily)

Apr 12, 2021

This ignored sector could deliver big short-term profits.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

SHANTHI GEARS SHARE PRICE


Apr 16, 2021 (Close)

TRACK SHANTHI GEARS

  • Track your investment in SHANTHI GEARS with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

SHANTHI GEARS - FINOLEX CABLES COMPARISON

COMPARE SHANTHI GEARS WITH

MARKET STATS