SADBHAV ENGINEERING Announces Quarterly Results (4QFY19); Net Profit Down 58.6%
Mon, 3 Jun

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

SADBHAV ENGINEERING Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m11,0459,25510,21710.4%-7.5%
Other incomeRs m3912755-57.2%39.7%
TurnoverRs m11,0849,38310,2719.5%-7.3%
ExpensesRs m9,8048,1478,9499.8%-8.7%
Gross profitRs m1,2401,1081,27515.1%2.8%
DepreciationRs m236241231-4.2%-2.0%
InterestRs m345291282-3.0%-18.3%
Profit before taxRs m69870381616.1%16.9%
TaxRs m0141527274.5%
Profit after taxRs m699563289-48.6%-58.6%
Gross profit margin%11.212.012.5
Effective tax rate%-0.120.064.6
Net profit margin%6.36.02.8
* 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 7.5% on a year-on-year (YoY) basis. The expenses were down by 8.7% YoY during the same period.
  • The company's operating profit increased by 2.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.5% in 4QFY19 as against 11.2% in 4QFY18.
  • Depreciation charges declined by 2.0% and finance costs declined by 18.3% YoY, respectively.
  • Other income increased by 39.7% YoY during the quarter.
  • Net profit for the quarter declined by 58.6% YoY. Net profit margins during the quarter declined from 6.3% in 4QFY18 to 2.8% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 10.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 9.8% QoQ during the same period.
  • The company's operating profit increased by 15.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.5% in 4QFY19 as against 12.0% in 3QFY18.
  • Net profit for the quarter declined by 48.6% QoQ, while net profit margins declined from 6.0% in 3QFY18 to 2.8% in 4QFY19.

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

SADBHAV ENGINEERING Share Price Performance

Over the last one year, SADBHAV ENGINEERING share price has moved up from Rs 335.0 to Rs 255.1, registering a Loss of Rs 79.9 or around 23.9%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 19,943.3 (up 0.0%). Over the last one year it has moved up from 18,694.9 to 19,943.3, a gain of 1,248 points (up 6.7%).

Overall, the S&P BSE SENSEX is up 13.3% over the year.

Current Valuations

At the current price of Rs 255.1, the price to earnings (P/E) ratio of SADBHAV ENGINEERING stands at 23.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.9 times.