EXIDE INDUSTRIES Announces Quarterly Results (4QFY19); Net Profit Up 11.1%

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EXIDE INDUSTRIES Announces Quarterly Results (4QFY19); Net Profit Up 11.1%
Fri, 3 May

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

EXIDE INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m24,59424,96825,9874.1%5.7%
Other incomeRs m20380166107.8%-18.1%
TurnoverRs m24,79725,04826,1534.4%5.5%
ExpensesRs m21,21421,84322,2541.9%4.9%
Gross profitRs m3,3803,1253,73319.4%10.4%
DepreciationRs m6748138352.6%23.8%
InterestRs m62312-46.3%96.8%
Profit before taxRs m2,9032,3693,05128.8%5.1%
TaxRs m1,00781894515.4%-6.2%
Profit after taxRs m1,8961,5502,10735.9%11.1%
Gross profit margin%13.712.514.4
Effective tax rate%34.734.531.0
Net profit margin%7.66.28.1
* 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 grew 5.7% on a year-on-year (YoY) basis. The expenses were up by 4.9% YoY during the same period.
  • The company's operating profit increased by 10.4% YoY during the quarter. Consequently, operating profit margins remained same and stood at 14.4% in 4QFY19.
  • Depreciation charges increased by 23.8% and finance costs increased by 96.8% YoY, respectively.
  • Other income declined by 18.1% YoY during the quarter.
  • Net profit for the quarter increased by 11.1% YoY. Net profit margins during the quarter increased from 7.6% in 4QFY18 to 8.1% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.9% QoQ during the same period.
  • The company's operating profit increased by 19.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.4% in 4QFY19 as against 12.5% in 3QFY18.
  • Net profit for the quarter increased by 35.9% QoQ, while net profit margins increased from 6.2% in 3QFY18 to 8.1% in 4QFY19.

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

EXIDE INDUSTRIES Share Price Performance

Over the last one year, EXIDE INDUSTRIES share price has moved up from Rs 247.7 to Rs 216.2, registering a Loss of Rs 31.5 or around 12.7%.

Overall, the S&P BSE SENSEX is up 10.8% over the year.

Current Valuations

At the current price of Rs 216.2, the price to earnings (P/E) ratio of EXIDE INDUSTRIES stands at 21.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.4 times.

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EXIDE INDUSTRIES Announces Quarterly Results (3QFY20); Net Profit Up 26.4% (Quarterly Result Update)

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For the quarter ended December 2019, EXIDE INDUSTRIES has posted a net profit of Rs 2 bn (up 26.4% YoY). Sales on the other hand came in at Rs 24 bn (down 3.4% YoY). Read on for a complete analysis of EXIDE INDUSTRIES's quarterly results.

EXIDE INDUSTRIES Announces Quarterly Results (2QFY20); Net Profit Down 11.6% (Quarterly Result Update)

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