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TRIVENI ENGG. Announces Quarterly Results (2QFY19); Net Profit Down 67.5%

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TRIVENI ENGG. Announces Quarterly Results (2QFY19); Net Profit Down 67.5%
Mon, 12 Nov

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

TRIVENI ENGG. Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m10,6087,0666,877-2.7%-35.2%
Other incomeRs m2553114115.4%355.8%
TurnoverRs m10,6337,1196,992-1.8%-34.2%
ExpensesRs m8,9306,3346,279-0.9%-29.7%
Gross profitRs m1,678732598-18.4%-64.4%
DepreciationRs m1381411442.3%4.4%
InterestRs m208228132-42.0%-36.5%
Profit before taxRs m1,3584174364.6%-67.9%
TaxRs m4017912558.7%-68.8%
Profit after taxRs m957338311-8.0%-67.5%
Gross profit margin%15.810.48.7
Effective tax rate%29.518.928.7
Net profit margin%9.04.84.5
* 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 fell 35.2% on a year-on-year (YoY) basis. The expenses were down by 29.7% YoY during the same period.
  • The company's operating profit declined by 64.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.7% in 2QFY19 as against 15.8% in 2QFY18.
  • Depreciation charges increased by 4.4% and finance costs declined by 36.5% YoY, respectively.
  • Other income increased by 355.8% YoY during the quarter.
  • Net profit for the quarter declined by 67.5% YoY. Net profit margins during the quarter declined from 9.0% in 2QFY18 to 4.5% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.9% QoQ during the same period.
  • The company's operating profit declined by 18.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.7% in 2QFY19 as against 10.4% in 1QFY18.
  • Net profit for the quarter declined by 8.0% QoQ, while net profit margins declined from 4.7% in 1QFY18 to 4.5% in 2QFY19.

To see how TRIVENI ENGG. has performed over the last eight quarters, please visit here.

TRIVENI ENGG. Share Price Performance

Over the last one year, TRIVENI ENGG. share price has moved up from Rs 93.3 to Rs 52.9, registering a Loss of Rs 40.4 or around 43.3%.

Overall, the S&P BSE SENSEX is up 5.8% over the year.

Current Valuations

At the current price of Rs 52.9, the price to earnings (P/E) ratio of TRIVENI ENGG. stands at 177.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.3 times.

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For the quarter ended December 2018, TRIVENI ENGG. has posted a net profit of Rs 630 m (up 4.9% YoY). Sales on the other hand came in at Rs 9 bn (up 16.9% YoY). Read on for a complete analysis of TRIVENI ENGG.'s quarterly results.

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Here's an analysis of the annual report of TRIVENI ENGG. for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of TRIVENI ENGG.. Also includes updates on the valuation of TRIVENI ENGG..

TRIVENI ENGG. Announces Quarterly Results (1QFY19); Net Profit Down 41.9% (Quarterly Result Update)

Aug 7, 2018 | Updated on Aug 7, 2018

For the quarter ended June 2018, TRIVENI ENGG. has posted a net profit of Rs 338 m (down 41.9% YoY). Sales on the other hand came in at Rs 7 bn (down 16.3% YoY). Read on for a complete analysis of TRIVENI ENGG.'s quarterly results.

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