ZF STEERING Announces Quarterly Results (2QFY20); Net Profit Down 109.3%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

ZF STEERING Announces Quarterly Results (2QFY20); Net Profit Down 109.3%
Thu, 17 Oct

ZF STEERING has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

ZF STEERING Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m1,088961669-30.4%-38.5%
Other incomeRs m15719191.6%28.4%
TurnoverRs m1,104967688-28.8%-37.6%
ExpensesRs m9128091,28058.2%40.3%
Gross profitRs m17615257-62.3%-67.5%
DepreciationRs m7366694.4%-4.8%
InterestRs m52340.7%-35.0%
Profit before taxRs m114905-95.0%-96.0%
TaxRs m27413196.2%-54.0%
Profit after taxRs m8786-8-109.4%-109.3%
Gross profit margin%16.215.88.5
Effective tax rate%24.04.7277.3
Net profit margin%7.98.9-1.2
* 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 38.5% on a year-on-year (YoY) basis. The expenses were up by 40.3% YoY during the same period.
  • The company's operating profit declined by 67.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.5% in 2QFY20 as against 16.2% in 2QFY19.
  • Depreciation charges declined by 4.8% and finance costs declined by 35.0% YoY, respectively.
  • Other income increased by 28.4% YoY during the quarter.
  • Net profit for the quarter declined by 109.3% YoY. Net profit margins during the quarter declined from 7.9% in 2QFY19 to -1.2% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 30.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 58.2% QoQ during the same period.
  • The company's operating profit declined by 62.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.5% in 2QFY20 as against 15.8% in 1QFY19.
  • Net profit for the quarter declined by 109.4% QoQ, while net profit margins declined from 8.9% in 1QFY19 to -1.2% in 2QFY20.

To see how ZF STEERING has performed over the last eight quarters,please visit here.

Revealed: How to Get Rich with Just 3 Stocks

ZF STEERING Share Price Performance

Over the last one year,ZF STEERING share price has moved down from Rs 901.6 to Rs 383.8, registering a Loss of Rs 517.8 or around 57.4%.

Overall, the S&P BSE SENSEX is up 10.0% over the year.

Current Valuations

At the current price of Rs 383.8, the price to book value (P/BV) ratio of ZF STEERING stands at 1.0 times.

Equitymaster requests your view! Post a comment on "ZF STEERING Announces Quarterly Results (2QFY20); Net Profit Down 109.3%". Click here!

  

Related Views on News

ZF STEERING Announces Quarterly Results (3QFY20); Net Profit Down 112.6% (Quarterly Result Update)

Jan 20, 2020 | Updated on Jan 20, 2020

For the quarter ended December 2019, ZF STEERING has posted a net profit of Rs 11 m (down 112.6% YoY). Sales on the other hand came in at Rs 639 m (down 41.5% YoY). Read on for a complete analysis of ZF STEERING's quarterly results.

ZF STEERING Announces Quarterly Results (1QFY20); Net Profit Down 50.8% (Quarterly Result Update)

Aug 1, 2019 | Updated on Aug 1, 2019

For the quarter ended June 2019, ZF STEERING has posted a net profit of Rs 86 m (down 50.8% YoY). Sales on the other hand came in at Rs 961 m (down 16.3% YoY). Read on for a complete analysis of ZF STEERING's quarterly results.

ZF STEERING 2017-18 Annual Report Analysis (Annual Result Update)

Jan 1, 2019 | Updated on Jan 1, 2019

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

More Views on News

Most Popular

These 5 Smallcaps Deserve a Place in Your Coffee Can Portfolio(Profit Hunter)

Jul 28, 2020

When it comes to quality stocks, doing less is more.

Before You Buy Your First Electric Vehicle Consider Buying this Stock(Profit Hunter)

Jul 29, 2020

As competition intensifies in the electric vehicle space, only few will create huge wealth over the years.

Large Opportunities Are Coming Our Way

Aug 5, 2020

Kenneth Andrade tells us why stocks will bounce back strongly and what he's bullish on.

How to Buy Gold and Silver(Fast Profits Daily)

Jul 27, 2020

In this video I'll show you how to buy bullion the right way.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

ZF STEERING SHARE PRICE


Aug 7, 2020 (Close)

TRACK ZF STEERING

  • Track your investment in ZF STEERING with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

ZF STEERING - BOSCH COMPARISON

COMPARE ZF STEERING WITH

MARKET STATS