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SUNDRAM FASTENERS Announces Quarterly Results (4QFY19); Net Profit Up 15.0%

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SUNDRAM FASTENERS Announces Quarterly Results (4QFY19); Net Profit Up 15.0%
Mon, 13 May

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

SUNDRAM FASTENERS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m9,45510,21510,083-1.3%6.6%
Other incomeRs m1731975287.6%-56.6%
TurnoverRs m9,62810,23410,158-0.7%5.5%
ExpensesRs m7,7968,2888,3210.4%6.7%
Gross profitRs m1,6591,9261,763-8.5%6.3%
DepreciationRs m2522782997.4%18.6%
InterestRs m12379800.6%-35.3%
Profit before taxRs m1,4571,5891,460-8.1%0.2%
TaxRs m505477364-23.6%-27.9%
Profit after taxRs m9521,1121,095-1.5%15.0%
Gross profit margin%17.518.917.5
Effective tax rate%34.730.024.9
Net profit margin%9.910.910.8
* 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 6.6% on a year-on-year (YoY) basis. The expenses were up by 6.7% YoY during the same period.
  • The company's operating profit increased by 6.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.5% in 4QFY19 as against 17.5% in 4QFY18.
  • Depreciation charges increased by 18.6% and finance costs declined by 35.3% YoY, respectively.
  • Other income declined by 56.6% YoY during the quarter.
  • Net profit for the quarter increased by 15.0% YoY. Net profit margins during the quarter increased from 9.9% in 4QFY18 to 10.8% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.4% QoQ during the same period.
  • The company's operating profit declined by 8.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.5% in 4QFY19 as against 18.9% in 3QFY18.
  • Net profit for the quarter declined by 1.5% QoQ, while net profit margins declined from 10.9% in 3QFY18 to 10.8% in 4QFY19.

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 581.3 to Rs 525.7, registering a Loss of Rs 55.6 or around 9.6%.

Overall, the S&P BSE SENSEX is up 6.6% over the year.

Current Valuations

At the current price of Rs 525.7, 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 7.2 times.

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