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SAVITA OIL TECH. Announces Quarterly Results (1QFY19); Net Profit Down 22.8%

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SAVITA OIL TECH. Announces Quarterly Results (1QFY19); Net Profit Down 22.8%
Mon, 6 Aug

SAVITA OIL TECH. has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

SAVITA OIL TECH. Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m4,6294,6055,42417.8%17.2%
Other incomeRs m342216-27.7%-52.9%
TurnoverRs m4,6634,6275,44017.6%16.7%
ExpensesRs m4,2364,1315,03822.0%18.9%
Gross profitRs m395474386-18.6%-2.2%
DepreciationRs m636656-14.2%-10.7%
InterestRs m30538255.5%172.1%
Profit before taxRs m336378263-30.3%-21.5%
TaxRs m100-2581-18.5%
Profit after taxRs m236403182-54.8%-22.8%
Gross profit margin%8.510.37.1
Effective tax rate%29.7-6.630.8
Net profit margin%5.18.73.3
* 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 17.2% on a year-on-year (YoY) basis. The expenses were up by 18.9% YoY during the same period.
  • The company's operating profit declined by 2.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.1% in 1QFY19 as against 8.5% in 1QFY18.
  • Depreciation charges and finance costs declined by 10.7% YoY and 172.1% YoY, respectively.
  • Other income declined by 52.9% YoY during the quarter.
  • Net profit for the quarter declined by 22.8% YoY. Net profit margins during the quarter declined from 5.1% in 1QFY18 to 3.3% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 17.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 22.0% QoQ during the same period.
  • The company's operating profit declined by 18.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.1% in 1QFY19 as against 10.3% in 4QFY18.
  • Net profit for the quarter declined by 54.8% QoQ, while net profit margins declined from 8.7% in 4QFY18 to 3.3% in 1QFY19.

To see how SAVITA OIL TECH. has performed over the last eight quarters, please visit here.

SAVITA OIL TECH. Share Price Performance

Over the last one year, SAVITA OIL TECH. share price has moved up from Rs 1,141.3 to Rs 1,270.0, registering a Gain of Rs 128.8 or around 11.3%.

Overall, the S&P BSE SENSEX is up 0.5% over the year.

Current Valuations

At the current price of Rs 1,270.0, the price to earnings (P/E) ratio of SAVITA OIL TECH. stands at 15.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.3 times.

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