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ZF STEERING Announces Quarterly Results (3QFY19); Net Profit Down 29.3%

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ZF STEERING Announces Quarterly Results (3QFY19); Net Profit Down 29.3%
Tue, 5 Feb

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

ZF STEERING Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m1,0091,0881,0920.3%8.2%
Other incomeRs m53151710.6%-68.4%
TurnoverRs m1,0621,1041,1080.4%4.3%
ExpensesRs m817912892-2.3%9.1%
Gross profitRs m19217620013.6%4.0%
DepreciationRs m85738517.3%-0.3%
InterestRs m75510.0%-32.4%
Profit before taxRs m15211412711.0%-17.0%
TaxRs m26273736.5%41.8%
Profit after taxRs m12687892.9%-29.3%
Gross profit margin%19.116.218.3
Effective tax rate%17.324.029.5
Net profit margin%11.97.98.1
* 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 8.2% on a year-on-year (YoY) basis. The expenses were up by 9.1% YoY during the same period.
  • The company's operating profit increased by 4.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.3% in 3QFY19 as against 19.1% in 3QFY18.
  • Depreciation charges declined by 0.3% and finance costs declined by 32.4% YoY, respectively.
  • Other income declined by 68.4% YoY during the quarter.
  • Net profit for the quarter declined by 29.3% YoY. Net profit margins during the quarter declined from 11.9% in 3QFY18 to 8.1% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 0.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.3% QoQ during the same period.
  • The company's operating profit increased by 13.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.3% in 3QFY19 as against 16.2% in 2QFY18.
  • Net profit for the quarter increased by 2.9% QoQ, while net profit margins increased from 7.9% in 2QFY18 to 8.1% in 3QFY19.

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

ZF STEERING Share Price Performance

Over the last one year, ZF STEERING share price has moved up from Rs 1,119.6 to Rs 710.1, registering a Loss of Rs 409.5 or around 36.6%.

Overall, the S&P BSE SENSEX is up 5.2% over the year.

Current Valuations

At the current price of Rs 710.1, the price to earnings (P/E) ratio of ZF STEERING stands at 12.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.1 times.

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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.

ZF STEERING Announces Quarterly Results (2QFY19); Net Profit Down 17.0% (Quarterly Result Update)

Nov 9, 2018 | Updated on Nov 9, 2018

For the quarter ended September 2018, ZF STEERING has posted a net profit of Rs 87 m (down 17.0% YoY). Sales on the other hand came in at Rs 1 bn (down 1.0% YoY). Read on for a complete analysis of ZF STEERING's quarterly results.

ZF STEERING Announces Quarterly Results (1QFY19); Net Profit Up 89.5% (Quarterly Result Update)

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For the quarter ended June 2018, ZF STEERING has posted a net profit of Rs 174 m (up 89.5% YoY). Sales on the other hand came in at Rs 1 bn (up 7.3% YoY). Read on for a complete analysis of ZF STEERING's quarterly results.

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