ZF STEERING Announces Quarterly Results (4QFY19); Net Profit Down 345.1%

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ZF STEERING Announces Quarterly Results (4QFY19); Net Profit Down 345.1%
Thu, 13 Jun

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

ZF STEERING Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m1,1771,0921,068-2.2%-9.3%
Other incomeRs m7173292.4%363.2%
TurnoverRs m1,1841,1081,100-0.8%-7.1%
ExpensesRs m9308929112.2%-2.1%
Gross profitRs m247200-512-355.8%-307.2%
DepreciationRs m8785860.8%-1.4%
InterestRs m955-5.6%-49.6%
Profit before taxRs m157127-570-550.4%-461.9%
TaxRs m937-207-654.5%-2319.1%
Profit after taxRs m14889-363-506.9%-345.1%
Gross profit margin%21.018.3-47.9
Effective tax rate%5.929.536.3
Net profit margin%12.58.1-33.0
* 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 9.3% on a year-on-year (YoY) basis. The expenses were down by 2.1% YoY during the same period.
  • The company's operating profit declined by 307.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 47.9% in 4QFY19 as against 21.0% in 4QFY18.
  • Depreciation charges declined by 1.4% and finance costs declined by 49.6% YoY, respectively.
  • Other income increased by 363.2% YoY during the quarter.
  • Net profit for the quarter declined by 345.1% YoY. Net profit margins during the quarter declined from 12.5% in 4QFY18 to -33.0% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.2% QoQ during the same period.
  • The company's operating profit declined by 355.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 47.9% in 4QFY19 as against 18.3% in 3QFY18.
  • Net profit for the quarter declined by 506.9% QoQ, while net profit margins declined from 8.0% in 3QFY18 to -33.0% in 4QFY19.

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 966.0 to Rs 489.0, registering a Loss of Rs 477.0 or around 49.4%.

Overall, the S&P BSE SENSEX is up 10.9% over the year.

Current Valuations

At the current price of Rs 489.0, the price to book value (P/BV) ratio of ZF STEERING stands at 1.5 times.

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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 (2QFY20); Net Profit Down 109.3% (Quarterly Result Update)

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Aug 10, 2020 12:55 PM

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