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SOLAR INDUSTRIES Announces Quarterly Results (4QFY19); Net Profit Up 11.0%

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SOLAR INDUSTRIES Announces Quarterly Results (4QFY19); Net Profit Up 11.0%
Mon, 13 May

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

SOLAR INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m5,7536,5306,7303.0%17.0%
Other incomeRs m383426-23.3%-30.9%
TurnoverRs m5,7916,5646,7562.9%16.7%
ExpensesRs m4,5725,3165,307-0.2%16.1%
Gross profitRs m1,1811,2151,36212.2%15.3%
DepreciationRs m123150148-0.9%20.5%
InterestRs m84146106-27.4%26.8%
Profit before taxRs m1,0129521,13419.0%12.0%
TaxRs m33421638276.9%14.1%
Profit after taxRs m6787377522.1%11.0%
Gross profit margin%20.518.620.2
Effective tax rate%33.022.633.6
Net profit margin%11.711.211.1
* 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 17.0% on a year-on-year (YoY) basis. The expenses were up by 16.1% YoY during the same period.
  • The company's operating profit increased by 15.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 20.2% in 4QFY19 as against 20.5% in 4QFY18.
  • Depreciation charges increased by 20.5% and finance costs increased by 26.8% YoY, respectively.
  • Other income declined by 30.9% YoY during the quarter.
  • Net profit for the quarter increased by 11.0% YoY. Net profit margins during the quarter declined from 11.7% in 4QFY18 to 11.1% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 3.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.2% QoQ during the same period.
  • The company's operating profit increased by 12.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.2% in 4QFY19 as against 18.6% in 3QFY18.
  • Net profit for the quarter increased by 2.1% QoQ, while net profit margins declined from 11.2% in 3QFY18 to 11.1% in 4QFY19.

To see how SOLAR INDUSTRIES has performed over the last eight quarters, please visit here.

SOLAR INDUSTRIES Share Price Performance

Over the last one year, SOLAR INDUSTRIES share price has moved up from Rs 1,065.0 to Rs 1,056.3, registering a Loss of Rs 8.7 or around 0.8%.

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

Current Valuations

At the current price of Rs 1,056.3, the price to earnings (P/E) ratio of SOLAR INDUSTRIES stands at 34.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.8 times.

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