TRIVENI ENGG. Announces Quarterly Results (3QFY19); Net Profit Up 4.9%

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TRIVENI ENGG. Announces Quarterly Results (3QFY19); Net Profit Up 4.9%
Mon, 25 Feb

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

TRIVENI ENGG. Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m7,7266,8779,03131.3%16.9%
Other incomeRs m34114465306.4%1263.3%
TurnoverRs m7,7606,9929,49635.8%22.4%
ExpensesRs m6,7926,2798,44334.5%24.3%
Gross profitRs m967598588-1.6%-39.2%
DepreciationRs m139144143-0.3%3.1%
InterestRs m7113264-51.8%-10.5%
Profit before taxRs m79143684693.9%7.0%
TaxRs m19012521672.4%13.6%
Profit after taxRs m601311630102.5%4.9%
Gross profit margin%12.58.76.5
Effective tax rate%24.028.725.5
Net profit margin%7.74.56.6
* 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 16.9% on a year-on-year (YoY) basis. The expenses were up by 24.3% YoY during the same period.
  • The company's operating profit declined by 39.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.5% in 3QFY19 as against 12.5% in 3QFY18.
  • Depreciation charges increased by 3.1% and finance costs declined by 10.5% YoY, respectively.
  • Other income increased by 1263.3% YoY during the quarter.
  • Net profit for the quarter increased by 4.9% YoY. Net profit margins during the quarter declined from 7.7% in 3QFY18 to 6.6% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 31.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 34.5% QoQ during the same period.
  • The company's operating profit declined by 1.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.5% in 3QFY19 as against 8.7% in 2QFY18.
  • Net profit for the quarter increased by 102.5% QoQ, while net profit margins increased from 4.4% in 2QFY18 to 6.6% in 3QFY19.

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 64.1 to Rs 52.9, registering a Loss of Rs 11.2 or around 17.5%.

Overall, the S&P BSE SENSEX is up 6.3% 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 149.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.9 times.

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For the quarter ended June 2019, TRIVENI ENGG. has posted a net profit of Rs 321 m (down 5.1% YoY). Sales on the other hand came in at Rs 9 bn (up 31.0% YoY). Read on for a complete analysis of TRIVENI ENGG.'s quarterly results.

TRIVENI ENGG. Announces Quarterly Results (4QFY19); Net Profit Up 165.7% (Quarterly Result Update)

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For the quarter ended March 2019, TRIVENI ENGG. has posted a net profit of Rs 721 m (up 165.7% YoY). Sales on the other hand came in at Rs 9 bn (up 16.3% YoY). Read on for a complete analysis of TRIVENI ENGG.'s quarterly results.

TRIVENI ENGG. 2017-18 Annual Report Analysis (Annual Result Update)

Jan 29, 2019 | Updated on Jan 29, 2019

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