SANGHVI MOVERS Announces Quarterly Results (3QFY19); Net Profit Up 61.1%

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SANGHVI MOVERS Announces Quarterly Results (3QFY19); Net Profit Up 61.1%
Wed, 13 Feb

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

SANGHVI MOVERS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m38957566515.6%70.8%
Other incomeRs m58683-3.0%1626.1%
TurnoverRs m39466174813.2%89.9%
ExpensesRs m3323944216.7%26.8%
Gross profitRs m5718124434.9%326.5%
DepreciationRs m3333633691.7%10.9%
InterestRs m147116115-0.9%-21.8%
Profit before taxRs m-417-212-157
TaxRs m-156-80-55
Profit after taxRs m-261-132-102
Gross profit margin%14.731.536.7
Effective tax rate%37.337.634.9
Net profit margin%-66.4-20.0-13.6
* 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 70.8% on a year-on-year (YoY) basis. The expenses were up by 26.8% YoY during the same period.
  • The company's operating profit increased by 326.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 36.7% in 3QFY19 as against 14.7% in 3QFY18.
  • Depreciation charges increased by 10.9% and finance costs declined by 21.8% YoY, respectively.
  • Other income increased by 1626.1% YoY during the quarter.
  • Net profit for the quarter increased by 61.1% YoY. Net profit margins during the quarter increased from -66.4% in 3QFY18 to -13.6% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 15.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.7% QoQ during the same period.
  • The company's operating profit increased by 34.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 36.7% in 3QFY19 as against 31.5% in 2QFY18.
  • Net profit for the quarter increased by 23.0% QoQ, while net profit margins increased from -20.0% in 2QFY18 to -13.6% in 3QFY19.

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 up from Rs 178.6 to Rs 86.2, registering a Loss of Rs 92.4 or around 51.7%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 16,517.8 (down 0.3%). Over the last one year it has moved down from 19,558.3 to 16,517.8, a gain of 3,040 points (down 15.5%).

Overall, the S&P BSE SENSEX is up 5.7% over the year.

Current Valuations

At the current price of Rs 86.2, the price to book value (P/BV) ratio of SANGHVI MOVERS stands at 0.5 times.

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