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- SANGHVI MOVERS Announces Quarterly Results (4QFY19); Net Profit Down 347.0%
SANGHVI MOVERS Announces Quarterly Results (4QFY19); Net Profit Down 347.0%
Tue, 28 May
SANGHVI MOVERS has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:
SANGHVI MOVERS Quarterly Financials
| No. of Mths Qtr. Ending | 3 Mar-18* | 3 Dec-18* | 3 Mar-19* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 844 | 665 | 868 | 30.6% | 2.8% |
| Other income | Rs m | 29 | 83 | 22 | -73.3% | -24.2% |
| Turnover | Rs m | 874 | 748 | 890 | 19.0% | 1.9% |
| Expenses | Rs m | 442 | 421 | 800 | 90.0% | 80.8% |
| Gross profit | Rs m | 402 | 244 | 69 | -71.9% | -82.9% |
| Depreciation | Rs m | 363 | 369 | 308 | -16.6% | -15.1% |
| Interest | Rs m | 133 | 115 | 119 | 4.1% | -10.1% |
| Profit before tax | Rs m | -64 | -157 | -336 | ||
| Tax | Rs m | -10 | -55 | -96 | ||
| Profit after tax | Rs m | -54 | -102 | -241 | ||
| Gross profit margin | % | 47.6 | 36.7 | 7.9 | ||
| Effective tax rate | % | 15.8 | 34.9 | 28.5 | ||
| Net profit margin | % | -6.2 | -13.6 | -27.0 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter grew 2.8% on a year-on-year (YoY) basis. The expenses were up by 80.8% YoY during the same period.
- The company's operating profit declined by 82.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.9% in 4QFY19 as against 47.6% in 4QFY18.
- Depreciation charges declined by 15.1% and finance costs declined by 10.1% YoY, respectively.
- Other income declined by 24.2% YoY during the quarter.
- Net profit for the quarter declined by 347.0% YoY. Net profit margins during the quarter declined from -6.2% in 4QFY18 to -27.0% in 4QFY19.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter grew 30.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 90.0% QoQ during the same period.
- The company's operating profit declined by 71.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.9% in 4QFY19 as against 36.7% in 3QFY18.
- Net profit for the quarter declined by 136.3% QoQ, while net profit margins declined from -13.6% in 3QFY18 to -27.0% in 4QFY19.
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 183.3 to Rs 123.4, registering a Loss of Rs 59.9 or around 32.7%.
Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 20,088.7 (down 0.9%). Over the last one year it has moved up from 19,069.7 to 20,088.7, a gain of 1,019 points (up 5.3%).
Overall, the S&P BSE SENSEX is up 12.8% over the year.
Current Valuations
At the current price of Rs 123.4, the price to book value (P/BV) ratio of SANGHVI MOVERS stands at 0.7 times.
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Sep 19, 2019 | Updated on Sep 19, 2019Here's an analysis of the annual report of SANGHVI MOVERS for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of SANGHVI MOVERS. Also includes updates on the valuation of SANGHVI MOVERS.
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Aug 13, 2019 | Updated on Aug 13, 2019For the quarter ended June 2019, SANGHVI MOVERS has posted a net profit of Rs 31 m (up 70.4% YoY). Sales on the other hand came in at Rs 833 m (up 16.4% YoY). Read on for a complete analysis of SANGHVI MOVERS's quarterly results.
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