SUPREME INDUSTRIES Announces Quarterly Results (3QFY20); Net Profit Up 42.2%

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SUPREME INDUSTRIES Announces Quarterly Results (3QFY20); Net Profit Up 42.2%
Mon, 27 Jan

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

SUPREME INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m14,10412,70913,7338.1%-2.6%
Other incomeRs m745848.1%-89.2%
TurnoverRs m14,17812,71413,7418.1%-3.1%
ExpensesRs m12,34810,98111,5244.9%-6.7%
Gross profitRs m1,7561,7282,20927.9%25.8%
DepreciationRs m455517515-0.4%13.3%
InterestRs m527157-20.1%8.2%
Profit before taxRs m1,3241,1451,64543.7%24.3%
TaxRs m462-140419-9.2%
Profit after taxRs m8621,2861,226-4.6%42.2%
Gross profit margin%12.513.616.1
Effective tax rate%34.9-12.325.5
Net profit margin%6.110.18.9
* 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 fell 2.6% on a year-on-year (YoY) basis. The expenses were down by 6.7% YoY during the same period.
  • The company's operating profit increased by 25.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.1% in 3QFY20 as against 12.5% in 3QFY19.
  • Depreciation charges increased by 13.3% and finance costs increased by 8.2% YoY, respectively.
  • Other income declined by 89.2% YoY during the quarter.
  • Net profit for the quarter increased by 42.2% YoY. Net profit margins during the quarter increased from 6.1% in 3QFY19 to 8.9% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 8.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.9% QoQ during the same period.
  • The company's operating profit increased by 27.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.1% in 3QFY20 as against 13.6% in 2QFY19.
  • Net profit for the quarter declined by 4.6% QoQ, while net profit margins declined from 10.1% in 2QFY19 to 8.9% in 3QFY20.

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 997.2 to Rs 1,326.8, registering a Gain of Rs 329.6 or around 33.1%.

Overall, the S&P BSE SENSEX is up 14.2% over the year.

Current Valuations

At the current price of Rs 1,326.8, the price to earnings (P/E) ratio of SUPREME INDUSTRIES stands at 38.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.8 times.

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

Oct 29, 2019 | Updated on Oct 29, 2019

For the quarter ended September 2019, SUPREME INDUSTRIES has posted a net profit of Rs 1 bn (up 22.7% YoY). Sales on the other hand came in at Rs 13 bn (down 3.4% YoY). Read on for a complete analysis of SUPREME INDUSTRIES's quarterly results.

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