EMCO Announces Quarterly Results (4QFY19); Net Profit Down 313.3%
Fri, 14 Jun

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

EMCO Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m95037341912.4%-55.9%
Other incomeRs m020-100.0%
TurnoverRs m95037541911.8%-55.9%
ExpensesRs m1,7455543,245485.4%86.0%
Gross profitRs m-794-182-2,826
DepreciationRs m414139-2.8%-4.4%
InterestRs m35735756157.1%57.4%
Profit before taxRs m-1,192-577-3,427
TaxRs m-609-170-1,015
Profit after taxRs m-584-407-2,412
Gross profit margin%-83.6-48.7-674.5
Effective tax rate%51.129.529.6
Net profit margin%-61.4-108.7-575.6
* 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 fell 55.9% on a year-on-year (YoY) basis. The expenses were up by 86.0% YoY during the same period.
  • The company's operating profit increased by 255.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 674.5% in 4QFY19 as against 83.6% in 4QFY18.
  • Depreciation charges declined by 4.4% and finance costs increased by 57.4% YoY, respectively.
  • Other income declined by 100.0% YoY during the quarter.
  • Net profit for the quarter declined by 313.3% YoY. Net profit margins during the quarter declined from -61.4% in 4QFY18 to -575.6% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 12.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 485.4% QoQ during the same period.
  • The company's operating profit declined by 1455.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 674.5% in 4QFY19 as against 48.7% in 3QFY18.
  • Net profit for the quarter declined by 492.1% QoQ, while net profit margins declined from -108.5% in 3QFY18 to -575.6% in 4QFY19.

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

EMCO Share Price Performance

Over the last one year, EMCO share price has moved up from Rs 8.0 to Rs 1.6, registering a Loss of Rs 6.4 or around 80.4%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 19,654.4 (up 0.8%). Over the last one year it has moved up from 18,480.9 to 19,654.4, a gain of 1,174 points (up 6.4%).

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

Current Valuations

At the current price of Rs 1.6, the price to book value (P/BV) ratio of EMCO stands at 0.1 times.