SUNDRAM FASTENERS Announces Quarterly Results (1QFY19); Net Profit Up 17.8%

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SUNDRAM FASTENERS Announces Quarterly Results (1QFY19); Net Profit Up 17.8%
Mon, 13 Aug

SUNDRAM FASTENERS has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

SUNDRAM FASTENERS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m8,4179,4559,7102.7%15.4%
Other incomeRs m88173153-11.7%73.6%
TurnoverRs m8,5069,6289,8632.4%16.0%
ExpensesRs m6,9427,7967,9441.9%14.4%
Gross profitRs m1,4751,6591,7666.5%19.7%
DepreciationRs m2482522572.3%3.7%
InterestRs m631231273.3%102.2%
Profit before taxRs m1,2521,4571,5345.3%22.5%
TaxRs m351505473-6.4%34.8%
Profit after taxRs m9029521,06211.5%17.8%
Gross profit margin%17.517.518.2
Effective tax rate%28.034.730.8
Net profit margin%10.69.910.8
* 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 15.4% on a year-on-year (YoY) basis. The expenses were up by 14.4% YoY during the same period.
  • The company's operating profit increased by 19.7% YoY during the quarter. Consequently, operating profit margins remained same and stood at 18.2% in 1QFY19.
  • Depreciation charges and finance costs increased by 3.7% YoY and 102.2% YoY, respectively.
  • Other income increased by 73.6% YoY during the quarter.
  • Net profit for the quarter increased by 17.8% YoY. Net profit margins during the quarter increased from 10.6% in 1QFY18 to 10.8% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.9% QoQ during the same period.
  • The company's operating profit increased by 6.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.2% in 1QFY19 as against 17.5% in 4QFY18.
  • Net profit for the quarter increased by 11.5% QoQ, while net profit margins increased from 9.9% in 4QFY18 to 10.8% in 1QFY19.

To see how SUNDRAM FASTENERS has performed over the last eight quarters, please visit here.

SUNDRAM FASTENERS Share Price Performance

Over the last one year, SUNDRAM FASTENERS share price has moved up from Rs 374.4 to Rs 635.7, registering a Gain of Rs 261.3 or around 69.8%.

Overall, the S&P BSE SENSEX is up 19.3% over the year.

Current Valuations

At the current price of Rs 635.7, the price to earnings (P/E) ratio of SUNDRAM FASTENERS stands at 34.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 10.8 times.

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