TVS SRICHAKRA Announces Quarterly Results (2QFY19); Net Profit Down 26.3%

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TVS SRICHAKRA Announces Quarterly Results (2QFY19); Net Profit Down 26.3%
Tue, 20 Nov

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

TVS SRICHAKRA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m5,6755,8786,3187.5%11.3%
Other incomeRs m20747539.2%137.7%
TurnoverRs m5,6955,8866,3658.1%11.8%
ExpensesRs m4,8785,1325,66310.4%16.1%
Gross profitRs m797747655-12.3%-17.8%
DepreciationRs m1781992021.6%13.1%
InterestRs m707060-14.7%-14.4%
Profit before taxRs m568485440-9.3%-22.5%
TaxRs m167146145-0.7%-13.6%
Profit after taxRs m401340296-12.9%-26.3%
Gross profit margin%14.012.710.4
Effective tax rate%29.430.032.8
Net profit margin%7.05.84.6
* 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 11.3% on a year-on-year (YoY) basis. The expenses were up by 16.1% YoY during the same period.
  • The company's operating profit declined by 17.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.4% in 2QFY19 as against 14.0% in 2QFY18.
  • Depreciation charges increased by 13.1% and finance costs declined by 14.4% YoY, respectively.
  • Other income increased by 137.7% YoY during the quarter.
  • Net profit for the quarter declined by 26.3% YoY. Net profit margins during the quarter declined from 7.0% in 2QFY18 to 4.6% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 7.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 10.4% QoQ during the same period.
  • The company's operating profit declined by 12.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.4% in 2QFY19 as against 12.7% in 1QFY18.
  • Net profit for the quarter declined by 12.9% QoQ, while net profit margins declined from 5.8% in 1QFY18 to 4.6% in 2QFY19.

To see how TVS SRICHAKRA has performed over the last eight quarters, please visit here.

TVS SRICHAKRA Share Price Performance

Over the last one year, TVS SRICHAKRA share price has moved up from Rs 3,325.8 to Rs 2,604.0, registering a Loss of Rs 721.8 or around 21.7%.

Overall, the S&P BSE SENSEX is up 6.3% over the year.

Current Valuations

At the current price of Rs 2,604.0, the price to earnings (P/E) ratio of TVS SRICHAKRA stands at 16.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.1 times.

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