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- SKF INDIA Announces Quarterly Results (2QFY20); Net Profit Up 0.4%
SKF INDIA Announces Quarterly Results (2QFY20); Net Profit Up 0.4%
Wed, 6 Nov
SKF INDIA has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:
SKF INDIA Quarterly Financials
| No. of Mths Qtr. Ending | 3 Sep-18* | 3 Jun-19* | 3 Sep-19* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 7,660 | 7,768 | 7,472 | -3.8% | -2.5% |
| Other income | Rs m | 214 | 172 | 232 | 35.4% | 8.4% |
| Turnover | Rs m | 7,875 | 7,940 | 7,704 | -3.0% | -2.2% |
| Expenses | Rs m | 6,454 | 6,568 | 6,522 | -0.7% | 1.0% |
| Gross profit | Rs m | 1,206 | 1,200 | 950 | -20.8% | -21.2% |
| Depreciation | Rs m | 117 | 139 | 141 | 2.0% | 21.4% |
| Interest | Rs m | 0 | 26 | 25 | -6.8% | 0.0% |
| Profit before tax | Rs m | 1,304 | 1,207 | 1,016 | -15.8% | -22.1% |
| Tax | Rs m | 461 | 427 | 170 | -60.2% | -63.1% |
| Profit after tax | Rs m | 843 | 779 | 846 | 8.6% | 0.4% |
| Gross profit margin | % | 15.7 | 15.4 | 12.7 | ||
| Effective tax rate | % | 35.4 | 35.4 | 16.7 | ||
| Net profit margin | % | 10.7 | 9.8 | 11.0 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter fell 2.5% on a year-on-year (YoY) basis. The expenses were up by 1.0% YoY during the same period.
- The company's operating profit declined by 21.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.7% in 2QFY20 as against 15.7% in 2QFY19.
- Depreciation charges increased by 21.4% and finance costs increased by 0.0% YoY, respectively.
- Other income increased by 8.4% YoY during the quarter.
- Net profit for the quarter increased by 0.4% YoY. Net profit margins during the quarter increased from 10.7% in 2QFY19 to 11.0% in 2QFY20.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter fell 3.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.7% QoQ during the same period.
- The company's operating profit declined by 20.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.7% in 2QFY20 as against 15.4% in 1QFY19.
- Net profit for the quarter increased by 8.6% QoQ, while net profit margins increased from 9.8% in 1QFY19 to 11.0% in 2QFY20.
To see how SKF INDIA has performed over the last eight quarters,please visit here.
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SKF INDIA Share Price Performance
Over the last one year,SKF INDIA share price has moved up from Rs 1,787.9 to Rs 2,170.0, registering a Gain of Rs 382.1 or around 21.4%.
Overall, the S&P BSE SENSEX is up 14.6% over the year.
Current Valuations
At the current price of Rs 2,170.0, the price to earnings (P/E) ratio of SKF INDIA stands at 34.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.2 times.
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SKF INDIA Announces Quarterly Results (2QFY21); Net Profit Down 23.2% (Quarterly Result Update)
Oct 30, 2020 | Updated on Oct 30, 2020For the quarter ended September 2020, SKF INDIA has posted a net profit of Rs 650 m (down 23.2% YoY). Sales on the other hand came in at Rs 7 bn (down 5.9% YoY). Read on for a complete analysis of SKF INDIA's quarterly results.
SKF INDIA Announces Quarterly Results (4QFY20); Net Profit Down 8.3% (Quarterly Result Update)
May 8, 2020 | Updated on May 8, 2020For the quarter ended March 2020, SKF INDIA has posted a net profit of Rs 753 m (down 8.3% YoY). Sales on the other hand came in at Rs 6 bn (down 18.5% YoY). Read on for a complete analysis of SKF INDIA's quarterly results.
SKF INDIA 2018-19 Annual Report Analysis (Annual Result Update)
Dec 16, 2019 | Updated on Dec 16, 2019Here's an analysis of the annual report of SKF INDIA for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of SKF INDIA. Also includes updates on the valuation of SKF INDIA.
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