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

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SHANTHI GEARS Announces Quarterly Results (4QFY19); Net Profit Down 37.5%
Thu, 2 May

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

SHANTHI GEARS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m548615601-2.3%9.7%
Other incomeRs m403426-24.6%-35.6%
TurnoverRs m588649627-3.5%6.6%
ExpensesRs m4815005285.6%9.9%
Gross profitRs m6711573-36.8%8.3%
DepreciationRs m352622-14.8%-36.7%
InterestRs m0000.0%0.0%
Profit before taxRs m7312477-38.0%5.7%
TaxRs m-242517-34.3%
Profit after taxRs m969860-38.9%-37.5%
Gross profit margin%12.318.712.1
Effective tax rate%-32.720.321.5
Net profit margin%16.415.29.6
* 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 9.7% on a year-on-year (YoY) basis. The expenses were up by 9.9% YoY during the same period.
  • The company's operating profit increased by 8.3% YoY during the quarter. Consequently, operating profit margins remained same and stood at 12.1% in 4QFY19.
  • Depreciation charges declined by 36.7% and finance costs increased by 0.0% YoY, respectively.
  • Other income declined by 35.6% YoY during the quarter.
  • Net profit for the quarter declined by 37.5% YoY. Net profit margins during the quarter declined from 16.4% in 4QFY18 to 9.6% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.6% QoQ during the same period.
  • The company's operating profit declined by 36.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.1% in 4QFY19 as against 18.7% in 3QFY18.
  • Net profit for the quarter declined by 38.9% QoQ, while net profit margins declined from 15.1% in 3QFY18 to 9.6% in 4QFY19.

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 139.7 to Rs 126.4, registering a Loss of Rs 13.4 or around 9.6%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,069.4 (up 0.2%). Over the last one year it has moved down from 19,515.8 to 18,069.4, a gain of 1,446 points (down 7.4%).

Overall, the S&P BSE SENSEX is up 10.8% over the year.

Current Valuations

At the current price of Rs 126.4, the price to earnings (P/E) ratio of SHANTHI GEARS stands at 31.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.2 times.

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