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

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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 ChangeYoY Change
Net SalesRs m84466586830.6%2.8%
Other incomeRs m298322-73.3%-24.2%
TurnoverRs m87474889019.0%1.9%
ExpensesRs m44242180090.0%80.8%
Gross profitRs m40224469-71.9%-82.9%
DepreciationRs m363369308-16.6%-15.1%
InterestRs m1331151194.1%-10.1%
Profit before taxRs m-64-157-336
TaxRs m-10-55-96
Profit after taxRs m-54-102-241
Gross profit margin%47.636.77.9
Effective tax rate%15.834.928.5
Net profit margin%-6.2-13.6-27.0
* 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 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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