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SALZER ELEC Announces Quarterly Results (3QFY19); Net Profit Up 2.2%

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SALZER ELEC Announces Quarterly Results (3QFY19); Net Profit Up 2.2%
Fri, 15 Feb

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

SALZER ELEC Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m1,1071,3471,4356.5%29.7%
Other incomeRs m611-7.6%-78.3%
TurnoverRs m1,1131,3491,4376.5%29.1%
ExpensesRs m9721,1801,2748.0%31.1%
Gross profitRs m135167161-3.7%19.4%
DepreciationRs m2633343.0%28.0%
InterestRs m3648493.0%36.3%
Profit before taxRs m798880-9.8%1.1%
TaxRs m263226-20.2%-1.0%
Profit after taxRs m535654-3.9%2.2%
Gross profit margin%12.212.411.2
Effective tax rate%32.836.332.1
Net profit margin%4.74.23.8
* 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 29.7% on a year-on-year (YoY) basis. The expenses were up by 31.1% YoY during the same period.
  • The company's operating profit increased by 19.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.2% in 3QFY19 as against 12.2% in 3QFY18.
  • Depreciation charges increased by 28.0% and finance costs increased by 36.3% YoY, respectively.
  • Other income declined by 78.3% YoY during the quarter.
  • Net profit for the quarter increased by 2.2% YoY. Net profit margins during the quarter declined from 4.7% in 3QFY18 to 3.8% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 6.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 8.0% QoQ during the same period.
  • The company's operating profit declined by 3.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.2% in 3QFY19 as against 12.4% in 2QFY18.
  • Net profit for the quarter declined by 3.9% QoQ, while net profit margins declined from 4.2% in 2QFY18 to 3.8% in 3QFY19.

To see how SALZER ELEC has performed over the last eight quarters, please visit here.

SALZER ELEC Share Price Performance

Over the last one year, SALZER ELEC share price has moved up from Rs 212.7 to Rs 104.0, registering a Loss of Rs 108.8 or around 51.1%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 16,352.5 (up 0.1%). Over the last one year it has moved down from 19,459.0 to 16,352.5, a gain of 3,107 points (down 16.0%).

Overall, the S&P BSE SENSEX is up 4.5% over the year.

Current Valuations

At the current price of Rs 104.0, the price to earnings (P/E) ratio of SALZER ELEC stands at 6.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.5 times.

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