SHANTHI GEARS Announces Quarterly Results (3QFY19); Net Profit Up 46.0%

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SHANTHI GEARS Announces Quarterly Results (3QFY19); Net Profit Up 46.0%
Mon, 4 Feb

SHANTHI GEARS has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

SHANTHI GEARS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m5405946153.5%14.0%
Other incomeRs m273534-1.4%26.3%
TurnoverRs m5676296493.3%14.6%
ExpensesRs m4344865002.9%15.1%
Gross profitRs m1051081156.5%9.5%
DepreciationRs m382926-9.8%-32.4%
InterestRs m0000.0%0.0%
Profit before taxRs m941141248.1%31.2%
TaxRs m2724253.7%-6.0%
Profit after taxRs m6790989.3%46.0%
Gross profit margin%19.518.218.7
Effective tax rate%28.421.220.3
Net profit margin%11.914.315.2
* 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 14.0% on a year-on-year (YoY) basis. The expenses were up by 15.1% YoY during the same period.
  • The company's operating profit increased by 9.5% YoY during the quarter. Consequently, operating profit margins remained same and stood at 18.7% in 3QFY19.
  • Depreciation charges declined by 32.4% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 26.3% YoY during the quarter.
  • Net profit for the quarter increased by 46.0% YoY. Net profit margins during the quarter increased from 11.9% in 3QFY18 to 15.2% in 3QFY19.
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 2.9% QoQ during the same period.
  • The company's operating profit increased by 6.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.7% in 3QFY19 as against 18.2% in 2QFY18.
  • Net profit for the quarter increased by 9.3% QoQ, while net profit margins increased from 14.3% in 2QFY18 to 15.2% in 3QFY19.

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 up from Rs 140.4 to Rs 123.8, registering a Loss of Rs 16.6 or around 11.8%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,327.5 (down 0.8%). Over the last one year it has moved down from 19,939.3 to 17,327.5, a gain of 2,612 points (down 13.1%).

Overall, the S&P BSE SENSEX is up 1.2% over the year.

Current Valuations

At the current price of Rs 123.8, the price to earnings (P/E) ratio of SHANTHI GEARS stands at 27.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.2 times.

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