SUPREME INDUSTRIES Announces Quarterly Results (2QFY20); Net Profit Up 22.7%

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SUPREME INDUSTRIES Announces Quarterly Results (2QFY20); Net Profit Up 22.7%
Tue, 29 Oct

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

SUPREME INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m13,16214,36812,709-11.5%-3.4%
Other incomeRs m55051700.0%-90.1%
TurnoverRs m13,21714,36912,714-11.5%-3.8%
ExpensesRs m11,03812,69510,981-13.5%-0.5%
Gross profitRs m2,1251,6741,7283.3%-18.7%
DepreciationRs m4734955174.4%9.5%
InterestRs m1043371116.9%-32.1%
Profit before taxRs m1,6031,1461,1450.0%-28.5%
TaxRs m555400-140-135.1%-125.3%
Profit after taxRs m1,0487461,28672.3%22.7%
Gross profit margin%16.111.613.6
Effective tax rate%34.634.9-12.3
Net profit margin%7.95.210.1
* 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 fell 3.4% on a year-on-year (YoY) basis. The expenses were down by 0.5% YoY during the same period.
  • The company's operating profit declined by 18.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.6% in 2QFY20 as against 16.1% in 2QFY19.
  • Depreciation charges increased by 9.5% and finance costs declined by 32.1% YoY, respectively.
  • Other income declined by 90.1% YoY during the quarter.
  • Net profit for the quarter increased by 22.7% YoY. Net profit margins during the quarter increased from 7.9% in 2QFY19 to 10.1% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 11.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 13.5% QoQ during the same period.
  • The company's operating profit increased by 3.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.6% in 2QFY20 as against 11.6% in 1QFY19.
  • Net profit for the quarter increased by 72.3% QoQ, while net profit margins increased from 5.2% in 1QFY19 to 10.1% in 2QFY20.

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

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SUPREME INDUSTRIES Share Price Performance

Over the last one year,SUPREME INDUSTRIES share price has moved up from Rs 986.8 to Rs 1,180.0, registering a Gain of Rs 193.3 or around 19.6%.

Overall, the S&P BSE SENSEX is up 16.0% over the year.

Current Valuations

At the current price of Rs 1,180.0, the price to earnings (P/E) ratio of SUPREME INDUSTRIES stands at 37.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.0 times.

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