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TECHNOCRAFT INDUS. Announces Quarterly Results (2QFY19); Net Profit Down 4.3%

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TECHNOCRAFT INDUS. Announces Quarterly Results (2QFY19); Net Profit Down 4.3%
Tue, 27 Nov

TECHNOCRAFT INDUS. has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

TECHNOCRAFT INDUS. Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m2,5192,7402,8403.6%12.7%
Other incomeRs m1429711013.5%-22.8%
TurnoverRs m2,6612,8372,9504.0%10.8%
ExpensesRs m2,0992,3182,3832.8%13.6%
Gross profitRs m4204224568.1%8.6%
DepreciationRs m5163654.4%27.6%
InterestRs m42597832.1%88.0%
Profit before taxRs m4693974226.4%-10.0%
TaxRs m11411882-29.9%-27.8%
Profit after taxRs m35527934021.6%-4.3%
Gross profit margin%16.715.416.1
Effective tax rate%24.329.619.5
Net profit margin%13.49.811.5
* 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 12.7% on a year-on-year (YoY) basis. The expenses were up by 13.6% YoY during the same period.
  • The company's operating profit increased by 8.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.1% in 2QFY19 as against 16.7% in 2QFY18.
  • Depreciation charges increased by 27.6% and finance costs increased by 88.0% YoY, respectively.
  • Other income declined by 22.8% YoY during the quarter.
  • Net profit for the quarter declined by 4.3% YoY. Net profit margins during the quarter declined from 13.4% in 2QFY18 to 11.5% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 3.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.8% QoQ during the same period.
  • The company's operating profit increased by 8.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.1% in 2QFY19 as against 15.4% in 1QFY18.
  • Net profit for the quarter increased by 21.6% QoQ, while net profit margins increased from 9.8% in 1QFY18 to 11.5% in 2QFY19.

To see how TECHNOCRAFT INDUS. has performed over the last eight quarters, please visit here.

TECHNOCRAFT INDUS. Share Price Performance

Over the last one year, TECHNOCRAFT INDUS. share price has moved up from Rs 508.2 to Rs 575.1, registering a Gain of Rs 66.9 or around 13.2%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,545.4 (up 0.2%). Over the last one year it has moved up from 18,513.1 to 18,545.4, a gain of 32 points (up 0.2%).

Overall, the S&P BSE SENSEX is up 5.1% over the year.

Current Valuations

At the current price of Rs 575.1, the price to earnings (P/E) ratio of TECHNOCRAFT INDUS. stands at 13.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.7 times.

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