SAVITA OIL TECH. Announces Quarterly Results (3QFY19); Net Profit Up 26.4%

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SAVITA OIL TECH. Announces Quarterly Results (3QFY19); Net Profit Up 26.4%
Wed, 30 Jan

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

SAVITA OIL TECH. Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m4,5855,7316,0205.1%31.3%
Other incomeRs m7572186156.5%148.3%
TurnoverRs m4,6595,8036,2066.9%33.2%
ExpensesRs m4,0625,3865,4942.0%35.3%
Gross profitRs m52334552752.7%0.7%
DepreciationRs m6558604.0%-7.9%
InterestRs m2810850-53.2%80.6%
Profit before taxRs m504252602139.0%19.3%
TaxRs m15370157125.7%2.9%
Profit after taxRs m352182445144.1%26.4%
Gross profit margin%11.46.08.7
Effective tax rate%30.327.626.1
Net profit margin%7.53.17.2
* 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 31.3% on a year-on-year (YoY) basis. The expenses were up by 35.3% YoY during the same period.
  • The company's operating profit increased by 0.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.7% in 3QFY19 as against 11.4% in 3QFY18.
  • Depreciation charges declined by 7.9% and finance costs increased by 80.6% YoY, respectively.
  • Other income increased by 148.3% YoY during the quarter.
  • Net profit for the quarter increased by 26.4% YoY. Net profit margins during the quarter declined from 7.5% in 3QFY18 to 7.2% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 5.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.0% QoQ during the same period.
  • The company's operating profit increased by 52.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 8.7% in 3QFY19 as against 6.0% in 2QFY18.
  • Net profit for the quarter increased by 144.1% QoQ, while net profit margins increased from 3.1% in 2QFY18 to 7.2% in 3QFY19.

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 1,425.4 to Rs 1,005.0, registering a Loss of Rs 420.4 or around 29.5%.

Overall, the S&P BSE SENSEX is down 1.9% over the year.

Current Valuations

At the current price of Rs 1,005.0, the price to earnings (P/E) ratio of SAVITA OIL TECH. stands at 11.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.9 times.

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