SANGHVI MOVERS Announces Quarterly Results (1QFY20); Net Profit Up 70.4%

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SANGHVI MOVERS Announces Quarterly Results (1QFY20); Net Profit Up 70.4%
Tue, 13 Aug

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

SANGHVI MOVERS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m716868833-4.1%16.4%
Other incomeRs m5222510.6%386.2%
TurnoverRs m721890857-3.7%19.0%
ExpensesRs m384800423-47.1%10.2%
Gross profitRs m33269410497.0%23.5%
DepreciationRs m36830836317.9%-1.3%
InterestRs m127119114-4.3%-9.8%
Profit before taxRs m-158-336-43
TaxRs m-52-96-12
Profit after taxRs m-106-241-31
Gross profit margin%46.47.949.2
Effective tax rate%32.828.527.2
Net profit margin%-14.7-27.0-3.7
* 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 16.4% on a year-on-year (YoY) basis. The expenses were up by 10.2% YoY during the same period.
  • The company's operating profit increased by 23.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 49.2% in 1QFY20 as against 46.4% in 1QFY19.
  • Depreciation charges declined by 1.3% and finance costs declined by 9.8% YoY, respectively.
  • Other income increased by 386.2% YoY during the quarter.
  • Net profit for the quarter increased by 70.4% YoY. Net profit margins during the quarter increased from -14.7% in 1QFY19 to -3.7% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 4.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 47.1% QoQ during the same period.
  • The company's operating profit increased by 497.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 49.2% in 1QFY20 as against 7.9% in 4QFY19.
  • Net profit for the quarter increased by 87.0% QoQ, while net profit margins increased from -27.1% in 4QFY19 to -3.7% in 1QFY20.

To see how SANGHVI MOVERS has performed over the last eight quarters,please visit here.

SANGHVI MOVERS Share Price Performance

Over the last one year,SANGHVI MOVERS share price has moved down from Rs 173.8 to Rs 92.4, registering a Loss of Rs 81.4 or around 46.8%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,110.1 (down 1.1%). Over the last one year it has moved down from 18,029.9 to 17,110.1, a gain of 920 points (down 5.1%).

Overall, the S&P BSE SENSEX is down 1.3% over the year.

Current Valuations

At the current price of Rs 92.4, the price to book value (P/BV) ratio of SANGHVI MOVERS stands at 0.5 times.

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SANGHVI MOVERS Announces Quarterly Results (4QFY19); Net Profit Down 347.0% (Quarterly Result Update)

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