TRIVENI ENGG. Announces Quarterly Results (1QFY20); Net Profit Down 5.1%
Tue, 6 Aug

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

TRIVENI ENGG. Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m7,0668,5439,2548.3%31.0%
Other incomeRs m53446651.7%24.3%
TurnoverRs m7,1198,5869,3208.5%30.9%
ExpensesRs m6,3347,3728,34413.2%31.7%
Gross profitRs m7321,171910-22.3%24.3%
DepreciationRs m14114217926.4%27.5%
InterestRs m22825734735.2%52.5%
Profit before taxRs m417816450-44.9%7.8%
TaxRs m799512935.0%63.1%
Profit after taxRs m338721321-55.4%-5.1%
Gross profit margin%10.413.79.8
Effective tax rate%18.911.728.6
Net profit margin%4.88.43.4
* 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 31.0% on a year-on-year (YoY) basis. The expenses were up by 31.7% YoY during the same period.
  • The company's operating profit increased by 24.3% YoY during the quarter. Consequently, operating profit margins remained same and stood at 9.8% in 1QFY20.
  • Depreciation charges increased by 27.5% and finance costs increased by 52.5% YoY, respectively.
  • Other income increased by 24.3% YoY during the quarter.
  • Net profit for the quarter declined by 5.1% YoY. Net profit margins during the quarter declined from 4.8% in 1QFY19 to 3.4% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 8.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 13.2% QoQ during the same period.
  • The company's operating profit declined by 22.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.8% in 1QFY20 as against 13.7% in 4QFY19.
  • Net profit for the quarter declined by 55.4% QoQ, while net profit margins declined from 8.4% in 4QFY19 to 3.4% in 1QFY20.

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

TRIVENI ENGG. Share Price Performance

Over the last one year,TRIVENI ENGG. share price has moved up from Rs 41.0 to Rs 50.4, registering a Gain of Rs 9.4 or around 22.8%.

Overall, the S&P BSE SENSEX is down 2.3% over the year.

Current Valuations

At the current price of Rs 50.4, the price to earnings (P/E) ratio of TRIVENI ENGG. stands at 13.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.7 times.