SUNDRAM FASTENERS Announces Quarterly Results (2QFY20); Net Profit Down 35.5%

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?  

SUNDRAM FASTENERS Announces Quarterly Results (2QFY20); Net Profit Down 35.5%
Mon, 11 Nov

SUNDRAM FASTENERS has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

SUNDRAM FASTENERS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m10,0169,4547,668-18.9%-23.4%
Other incomeRs m961174575.2%-23.2%
TurnoverRs m10,1129,4647,742-18.2%-23.4%
ExpensesRs m8,1267,6966,288-18.3%-22.6%
Gross profitRs m1,8901,7581,380-21.5%-27.0%
DepreciationRs m2653273383.4%27.8%
InterestRs m1049614046.3%35.7%
Profit before taxRs m1,6181,346975-27.5%-39.7%
TaxRs m516414264-36.2%-48.7%
Profit after taxRs m1,102931711-23.7%-35.5%
Gross profit margin%18.918.618.0
Effective tax rate%31.930.827.1
Net profit margin%10.99.89.2
* 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 fell 23.4% on a year-on-year (YoY) basis. The expenses were down by 22.6% YoY during the same period.
  • The company's operating profit declined by 27.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.0% in 2QFY20 as against 18.9% in 2QFY19.
  • Depreciation charges increased by 27.8% and finance costs increased by 35.7% YoY, respectively.
  • Other income declined by 23.2% YoY during the quarter.
  • Net profit for the quarter declined by 35.5% YoY. Net profit margins during the quarter declined from 10.9% in 2QFY19 to 9.2% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 18.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 18.3% QoQ during the same period.
  • The company's operating profit declined by 21.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.0% in 2QFY20 as against 18.6% in 1QFY19.
  • Net profit for the quarter declined by 23.7% QoQ, while net profit margins declined from 9.8% in 1QFY19 to 9.2% in 2QFY20.

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

Revealed: How to Get Rich with Just 3 Stocks

SUNDRAM FASTENERS Share Price Performance

Over the last one year,SUNDRAM FASTENERS share price has moved down from Rs 543.7 to Rs 463.7, registering a Loss of Rs 80.0 or around 14.7%.

Overall, the S&P BSE SENSEX is up 14.3% over the year.

Current Valuations

At the current price of Rs 463.7, the price to earnings (P/E) ratio of SUNDRAM FASTENERS stands at 25.3 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 "SUNDRAM FASTENERS Announces Quarterly Results (2QFY20); Net Profit Down 35.5%". Click here!

  

Related Views on News

SUNDRAM FASTENERS Announces Quarterly Results (4QFY20); Net Profit Down 57.3% (Quarterly Result Update)

Jun 12, 2020 | Updated on Jun 12, 2020

For the quarter ended March 2020, SUNDRAM FASTENERS has posted a net profit of Rs 468 m (down 57.3% YoY). Sales on the other hand came in at Rs 7 bn (down 30.4% YoY). Read on for a complete analysis of SUNDRAM FASTENERS's quarterly results.

SUNDRAM FASTENERS 2018-19 Annual Report Analysis (Annual Result Update)

Sep 16, 2019 | Updated on Sep 16, 2019

Here's an analysis of the annual report of SUNDRAM FASTENERS for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of SUNDRAM FASTENERS. Also includes updates on the valuation of SUNDRAM FASTENERS.

SUNDRAM FASTENERS Announces Quarterly Results (1QFY20); Net Profit Down 12.3% (Quarterly Result Update)

Aug 8, 2019 | Updated on Aug 8, 2019

For the quarter ended June 2019, SUNDRAM FASTENERS has posted a net profit of Rs 931 m (down 12.3% YoY). Sales on the other hand came in at Rs 9 bn (down 2.6% YoY). Read on for a complete analysis of SUNDRAM FASTENERS's quarterly results.

More Views on News

Most Popular

These 5 Smallcaps Deserve a Place in Your Coffee Can Portfolio(Profit Hunter)

Jul 28, 2020

When it comes to quality stocks, doing less is more.

Before You Buy Your First Electric Vehicle Consider Buying this Stock(Profit Hunter)

Jul 29, 2020

As competition intensifies in the electric vehicle space, only few will create huge wealth over the years.

How to Buy Gold and Silver(Fast Profits Daily)

Jul 27, 2020

In this video I'll show you how to buy bullion the right way.

Large Opportunities Are Coming Our Way

Aug 5, 2020

Kenneth Andrade tells us why stocks will bounce back strongly and what he's bullish on.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

SUNDRAM FASTENERS SHARE PRICE


Aug 7, 2020 (Close)

TRACK SUNDRAM FASTENERS

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

MORE ON SUNDRAM FASTENERS

SUNDRAM FASTENERS 5-YR ANALYSIS

COMPARE SUNDRAM FASTENERS WITH

MARKET STATS