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TECHNO ELECTRIC Announces Quarterly Results (4QFY18); Net Profit Down 19.2%

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TECHNO ELECTRIC Announces Quarterly Results (4QFY18); Net Profit Down 19.2%
Mon, 11 Jun

TECHNO ELECTRIC has announced its results for the quarter ended March 2018. Here is a detailed performance review of the same:

TECHNO ELECTRIC Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m3,6193,0153,2648.3%-9.8%
Other incomeRs m30417129647.1%-57.4%
TurnoverRs m3,9233,0323,39311.9%-13.5%
ExpensesRs m3,0752,2792,84324.7%-7.6%
Gross profitRs m581736421-42.7%-27.5%
DepreciationRs m1101061060.4%-3.4%
InterestRs m76395130.6%-32.8%
Profit before taxRs m700608394-35.3%-43.7%
TaxRs m367170125-26.5%-65.9%
Profit after taxRs m333438269-38.7%-19.2%
Gross profit margin%16.124.412.9
Effective tax rate%52.528.031.8
Net profit margin%8.514.47.9
* 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 9.8% on a year-on-year (YoY) basis. The expenses were down by 7.6% YoY during the same period.
  • The company's operating profit declined by 27.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.9% in 4QFY18 as against 16.1% in 4QFY17.
  • Depreciation charges and finance costs declined by 3.4% YoY and 32.8% YoY, respectively.
  • Other income declined by 57.4% YoY during the quarter.
  • Net profit for the quarter declined by 19.2% YoY. Net profit margins during the quarter declined from 8.5% in 4QFY17 to 7.9% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 8.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 24.7% QoQ during the same period.
  • The company's operating profit increased by 42.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.9% in 4QFY18 as against 24.4% in 3QFY17.
  • Net profit for the quarter declined by 38.7% QoQ, while net profit margins declined from 14.4% in 3QFY17 to 7.9% in 4QFY18.

To see how TECHNO ELECTRIC has performed over the last eight quarters, please visit here.

TECHNO ELECTRIC Share Price Performance

Over the last one year, TECHNO ELECTRIC share price has moved up from Rs 429.8 to Rs 302.8, registering a Loss of Rs -127.0 or around 29.5%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,634.1 (up 0.7%). Over the last one year it has moved up from 17,703.3 to 18,634.1, a gain of 930.9 points (up 5.3%).

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 302.8, the price to earnings (P/E) ratio of TECHNO ELECTRIC stands at 17.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.1 times.

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