SWARAJ ENGINES Announces Quarterly Results (2QFY21); Net Profit Up 6.8%

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SWARAJ ENGINES Announces Quarterly Results (2QFY21); Net Profit Up 6.8%
Wed, 28 Oct

SWARAJ ENGINES has announced its results for the quarter ended September 2020. Here is a detailed performance review of the same:

SWARAJ ENGINES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-19*
3
Jun-20*
3
Sep-20*
QoQ ChangeYoY Change
Net SalesRs m2,2271,1702,923149.8%31.2%
Other incomeRs m3421211.0%-39.5%
TurnoverRs m2,2621,1912,944147.3%30.2%
ExpensesRs m1,9271,0412,523142.3%30.9%
Gross profitRs m300129400210.6%33.3%
DepreciationRs m53425633.3%5.6%
InterestRs m0000.0%-100.0%
Profit before taxRs m281107364240.2%29.7%
TaxRs m272993224.7%245.2%
Profit after taxRs m25478271245.9%6.8%
Gross profit margin%13.511.013.7
Effective tax rate%9.626.825.6
Net profit margin%11.26.69.2
* 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 31.2% on a year-on-year (YoY) basis. The expenses were up by 30.9% YoY during the same period.
  • The company's operating profit increased by 33.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.7% in 2QFY21 as against 13.5% in 2QFY20.
  • Depreciation charges increased by 5.6% and finance costs declined by 100.0% YoY, respectively.
  • Other income declined by 39.5% YoY during the quarter.
  • Net profit for the quarter increased by 6.8% YoY. Net profit margins during the quarter declined from 11.2% in 2QFY20 to 9.2% in 2QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 149.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 142.3% QoQ during the same period.
  • The company's operating profit increased by 210.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.7% in 2QFY21 as against 11.0% in 1QFY20.
  • Net profit for the quarter increased by 245.9% QoQ, while net profit margins increased from 6.6% in 1QFY20 to 9.2% in 2QFY21.

To see how SWARAJ ENGINES has performed over the last eight quarters,please visit here.

Last 2 Days: Discover India's #1 Defence Stock

SWARAJ ENGINES Share Price Performance

Over the last one year, SWARAJ ENGINES share price has moved up from Rs 1,139.9 to Rs 1,460.0, registering a Gain of Rs 320.2 or around 28.1%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 14,469.1 (up 0.5%). Over the last one year it has moved down from 18,377.2 to 14,469.1, a gain of 3,908 points (down 21.3%).

Overall, the S&P BSE SENSEX is up 2.9% over the year.

Current Valuations

At the current price of Rs 1,460.0, the price to earnings (P/E) ratio of SWARAJ ENGINES stands at 27.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.4 times.

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