ENGINEERS INDIA Announces Quarterly Results (3QFY20); Net Profit Up 19.7%
Thu, 6 Feb

ENGINEERS INDIA has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

ENGINEERS INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m5,7707,2378,90623.1%54.4%
Other incomeRs m5196556570.3%26.7%
TurnoverRs m6,2897,8939,56321.2%52.1%
ExpensesRs m4,8216,1688,05030.5%67.0%
Gross profitRs m9491,069856-20.0%-9.8%
DepreciationRs m535856-3.5%5.1%
InterestRs m34414.4%69.0%
Profit before taxRs m1,4111,6631,453-12.6%2.9%
TaxRs m504986366-62.9%-27.3%
Profit after taxRs m9086781,08760.4%19.7%
Gross profit margin%16.414.89.6
Effective tax rate%35.759.325.2
Net profit margin%14.48.611.4
* 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 54.4% on a year-on-year (YoY) basis. The expenses were up by 67.0% YoY during the same period.
  • The company's operating profit declined by 9.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.6% in 3QFY20 as against 16.4% in 3QFY19.
  • Depreciation charges increased by 5.1% and finance costs increased by 69.0% YoY, respectively.
  • Other income increased by 26.7% YoY during the quarter.
  • Net profit for the quarter increased by 19.7% YoY. Net profit margins during the quarter declined from 14.4% in 3QFY19 to 11.4% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 23.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 30.5% QoQ during the same period.
  • The company's operating profit declined by 20.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.6% in 3QFY20 as against 14.8% in 2QFY19.
  • Net profit for the quarter increased by 60.4% QoQ, while net profit margins increased from 8.6% in 2QFY19 to 11.4% in 3QFY20.

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

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ENGINEERS INDIA Share Price Performance

Over the last one year,ENGINEERS INDIA share price has moved down from Rs 113.8 to Rs 93.7, registering a Loss of Rs 20.1 or around 17.6%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,208.3 (up 0.4%). Over the last one year it has moved up from 17,194.0 to 17,208.3, a gain of 14 points (up 0.1%).

Overall, the S&P BSE SENSEX is up 12.7% over the year.

Current Valuations

At the current price of Rs 93.7, the price to earnings (P/E) ratio of ENGINEERS INDIA stands at 16.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.7 times.