X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
SKF INDIA Announces Quarterly Results (2QFY19); Net Profit Up 14.0%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

SKF INDIA Announces Quarterly Results (2QFY19); Net Profit Up 14.0%
Fri, 9 Nov

SKF INDIA has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

SKF INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m6,7987,5507,6601.5%12.7%
Other incomeRs m165225214-4.9%30.0%
TurnoverRs m6,9637,7757,8751.3%13.1%
ExpensesRs m5,6876,3896,4541.0%13.5%
Gross profitRs m1,1111,1601,2064.0%8.6%
DepreciationRs m114117117-0.5%2.0%
InterestRs m17170-100.0%-100.0%
Profit before taxRs m1,1451,2511,3044.2%13.9%
TaxRs m4054434614.1%13.8%
Profit after taxRs m7408098434.3%14.0%
Gross profit margin%16.315.415.7
Effective tax rate%35.435.435.4
Net profit margin%10.610.410.7
* 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 12.7% on a year-on-year (YoY) basis. The expenses were up by 13.5% YoY during the same period.
  • The company's operating profit increased by 8.6% YoY during the quarter. Consequently, operating profit margins remained same and stood at 15.7% in 2QFY19.
  • Depreciation charges increased by 2.0% and finance costs declined by 100.0% YoY, respectively.
  • Other income increased by 30.0% YoY during the quarter.
  • Net profit for the quarter increased by 14.0% YoY. Net profit margins during the quarter increased from 10.6% in 2QFY18 to 10.7% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.0% QoQ during the same period.
  • The company's operating profit increased by 4.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.7% in 2QFY19 as against 15.4% in 1QFY18.
  • Net profit for the quarter increased by 4.3% QoQ, while net profit margins increased from 10.4% in 1QFY18 to 10.7% in 2QFY19.

To see how SKF INDIA has performed over the last eight quarters, please visit here.

SKF INDIA Share Price Performance

Over the last one year, SKF INDIA share price has moved up from Rs 1,693.8 to Rs 1,800.0, registering a Gain of Rs 106.3 or around 6.3%.

Overall, the S&P BSE SENSEX is up 5.3% over the year.

Current Valuations

At the current price of Rs 1,800.0, the price to earnings (P/E) ratio of SKF INDIA stands at 29.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.2 times.

Equitymaster requests your view! Post a comment on "SKF INDIA Announces Quarterly Results (2QFY19); Net Profit Up 14.0%". Click here!

  

Related Views on News

L&T at All Time High; BSE CAPITAL GOODS Index Up 2.2% (Market Updates)

May 23, 2019 | Updated on May 23, 2019

L&T share price has hit an all time high at Rs 1,498 (up 2.5%). The BSE CAPITAL GOODS Index is up by 2.2%. Among the top gainers in the BSE CAPITAL GOODS Index today are L&T (up 2.5%) and LAKSHMI MACHINE (up 1.6%). The top losers include AIA ENGINEERING (down 0.2%) and FINOLEX CABLES (down 0.5%).

SKF INDIA Announces Quarterly Results (4QFY19); Net Profit Up 14.9% (Quarterly Result Update)

May 17, 2019 | Updated on May 17, 2019

For the quarter ended March 2019, SKF INDIA has posted a net profit of Rs 822 m (up 14.9% YoY). Sales on the other hand came in at Rs 7 bn (up 6.4% YoY). Read on for a complete analysis of SKF INDIA's quarterly results.

SKF INDIA Announces Quarterly Results (3QFY19); Net Profit Up 2.7% (Quarterly Result Update)

Feb 11, 2019 | Updated on Feb 11, 2019

For the quarter ended December 2018, SKF INDIA has posted a net profit of Rs 884 m (up 2.7% YoY). Sales on the other hand came in at Rs 8 bn (up 9.6% YoY). Read on for a complete analysis of SKF INDIA's quarterly results.

SKF INDIA 2017-18 Annual Report Analysis (Annual Result Update)

Aug 14, 2018 | Updated on Aug 14, 2018

Here's an analysis of the annual report of SKF INDIA for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of SKF INDIA. Also includes updates on the valuation of SKF INDIA.

Sandhar Technologies IPO: Worth Betting on This Automotive Component Manufacturer? (IPO)

Mar 17, 2018

Should you subscribe to the IPO of Sandhar Technologies Ltd?

More Views on News

Most Popular

My Top 7 Stocks to Profit from Sensex 100,000(The 5 Minute Wrapup)

May 16, 2019

Tanushree Banerjee explains everything you need to know about the Rebirth of India and Sensex 100,000.

3 Indian Stocks Replicating Amazon's Successful Strategy(The 5 Minute Wrapup)

May 10, 2019

The one critical element that has made Amazon a force to reckon with...

3 Stocks to Bet on to Become a 'Dividend Millionaire'(Profit Hunter)

May 14, 2019

As markets continue to rattle amid earning season, upcoming elections, volatile crude price and US China trade war, it's a great idea to add some stability to your portfolio by adding dividend stocks.

Indian Steel: The Perfect Multibagger Opportunity(Profit Hunter)

May 17, 2019

A structurally strong Indian Steel Industry will help India achieve 8%+ GDP growth in the coming years.

The Bitter Pill that Will Lay the Foundation for Sensex 100,000(The 5 Minute Wrapup)

May 14, 2019

These companies will help the Sensex more than double from current levels.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

SKF INDIA SHARE PRICE


May 23, 2019 (Close)

TRACK SKF INDIA

  • Track your investment in SKF INDIA with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

COMPARE SKF INDIA WITH

MARKET STATS