SWARAJ ENGINES Announces Quarterly Results (1QFY20); Net Profit Down 26.6%
Thu, 1 Aug

SWARAJ ENGINES has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

SWARAJ ENGINES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m2,3451,9152,0547.3%-12.4%
Other incomeRs m393636-0.5%-6.0%
TurnoverRs m2,3841,9512,0907.1%-12.3%
ExpensesRs m1,9791,6411,7808.5%-10.0%
Gross profitRs m366274274-0.2%-25.3%
DepreciationRs m475348-9.8%0.4%
InterestRs m100-100.0%-100.0%
Profit before taxRs m3572582621.8%-26.5%
TaxRs m12691932.1%-26.1%
Profit after taxRs m2311671691.6%-26.6%
Gross profit margin%15.614.313.3
Effective tax rate%35.335.435.5
Net profit margin%9.78.58.1
* 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 fell 12.4% on a year-on-year (YoY) basis. The expenses were down by 10.0% YoY during the same period.
  • The company's operating profit declined by 25.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.3% in 1QFY20 as against 15.6% in 1QFY19.
  • Depreciation charges increased by 0.4% and finance costs declined by 100.0% YoY, respectively.
  • Other income declined by 6.0% YoY during the quarter.
  • Net profit for the quarter declined by 26.6% YoY. Net profit margins during the quarter declined from 9.7% in 1QFY19 to 8.1% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 7.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 8.5% QoQ during the same period.
  • The company's operating profit declined by 0.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.3% in 1QFY20 as against 14.3% in 4QFY19.
  • Net profit for the quarter increased by 1.6% QoQ, while net profit margins declined from 8.5% in 4QFY19 to 8.1% in 1QFY20.

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

SWARAJ ENGINES Share Price Performance

Over the last one year,SWARAJ ENGINES share price has moved down from Rs 1,792.3 to Rs 1,042.8, registering a Loss of Rs 749.5 or around 41.8%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,458.4 (down 0.6%). Over the last one year it has moved down from 18,279.5 to 17,458.4, a gain of 821 points (down 4.5%).

Overall, the S&P BSE SENSEX is down 1.0% over the year.

Current Valuations

At the current price of Rs 1,042.8, the price to earnings (P/E) ratio of SWARAJ ENGINES stands at 16.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.5 times.