SUNDRAM FASTENERS Announces Quarterly Results (3QFY19); Net Profit Up 21.3%

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SUNDRAM FASTENERS Announces Quarterly Results (3QFY19); Net Profit Up 21.3%
Mon, 4 Feb

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

SUNDRAM FASTENERS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m8,48110,01610,2152.0%20.4%
Other incomeRs m109619-79.7%98.0%
TurnoverRs m8,49110,11210,2341.2%20.5%
ExpensesRs m6,9778,1268,2882.0%18.8%
Gross profitRs m1,5041,8901,9261.9%28.1%
DepreciationRs m2432652785.1%14.5%
InterestRs m510479-23.5%1550.0%
Profit before taxRs m1,2661,6181,589-1.8%25.5%
TaxRs m350516477-7.5%36.4%
Profit after taxRs m9171,1021,1120.9%21.3%
Gross profit margin%17.718.918.9
Effective tax rate%27.631.930.0
Net profit margin%10.810.910.9
* 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 20.4% on a year-on-year (YoY) basis. The expenses were up by 18.8% YoY during the same period.
  • The company's operating profit increased by 28.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.9% in 3QFY19 as against 17.7% in 3QFY18.
  • Depreciation charges increased by 14.5% and finance costs increased by 1550.0% YoY, respectively.
  • Other income increased by 98.0% YoY during the quarter.
  • Net profit for the quarter increased by 21.3% YoY. Net profit margins during the quarter increased from 10.8% in 3QFY18 to 10.9% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.0% QoQ during the same period.
  • The company's operating profit declined by 1.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.9% in 3QFY19 as against 18.9% in 2QFY18.
  • Net profit for the quarter increased by 0.9% QoQ, while net profit margins declined from 10.9% in 2QFY18 to 10.9% in 3QFY19.

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 512.9 to Rs 516.5, registering a Gain of Rs 3.7 or around 0.7%.

Overall, the S&P BSE SENSEX is up 1.2% over the year.

Current Valuations

At the current price of Rs 516.5, the price to earnings (P/E) ratio of SUNDRAM FASTENERS stands at 25.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.1 times.

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