X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
SKF INDIA Announces Quarterly Results (3QFY19); Net Profit Up 2.7%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

SKF INDIA Announces Quarterly Results (3QFY19); Net Profit Up 2.7%
Mon, 11 Feb

SKF INDIA has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

SKF INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m7,0057,6607,6770.2%9.6%
Other incomeRs m20021433857.8%68.8%
TurnoverRs m7,2057,8758,0151.8%11.2%
ExpensesRs m6,0006,4546,4600.1%7.7%
Gross profitRs m1,2301,2061,2160.8%-1.1%
DepreciationRs m113117115-1.5%2.0%
InterestRs m160210.0%28.6%
Profit before taxRs m1,3021,3041,4198.8%9.0%
TaxRs m44046153516.0%21.4%
Profit after taxRs m8628438854.9%2.7%
Gross profit margin%17.615.715.8
Effective tax rate%33.835.437.7
Net profit margin%12.010.711.0
* 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 9.6% on a year-on-year (YoY) basis. The expenses were up by 7.7% YoY during the same period.
  • The company's operating profit declined by 1.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.8% in 3QFY19 as against 17.6% in 3QFY18.
  • Depreciation charges increased by 2.0% and finance costs increased by 28.6% YoY, respectively.
  • Other income increased by 68.8% YoY during the quarter.
  • Net profit for the quarter increased by 2.7% YoY. Net profit margins during the quarter declined from 12.0% in 3QFY18 to 11.0% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 0.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.1% QoQ during the same period.
  • The company's operating profit increased by 0.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.8% in 3QFY19 as against 15.7% in 2QFY18.
  • Net profit for the quarter increased by 4.9% QoQ, while net profit margins increased from 10.7% in 2QFY18 to 11.0% in 3QFY19.

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

SKF INDIA Share Price Performance

Over the last one year, SKF INDIA share price has moved up from Rs 1,781.7 to Rs 1,927.5, registering a Gain of Rs 145.9 or around 8.2%.

Overall, the S&P BSE SENSEX is up 5.7% over the year.

Current Valuations

At the current price of Rs 1,927.5, the price to earnings (P/E) ratio of SKF INDIA stands at 31.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.5 times.

Equitymaster requests your view! Post a comment on "SKF INDIA Announces Quarterly Results (3QFY19); Net Profit Up 2.7%". Click here!

  

Related Views on News

SKF INDIA Announces Quarterly Results (4QFY19); Net Profit Up 14.9% (Quarterly Result Update)

May 17, 2019 | Updated on May 17, 2019

For the quarter ended March 2019, SKF INDIA has posted a net profit of Rs 822 m (up 14.9% YoY). Sales on the other hand came in at Rs 7 bn (up 6.4% YoY). Read on for a complete analysis of SKF INDIA's quarterly results.

SKF INDIA Announces Quarterly Results (2QFY19); Net Profit Up 14.0% (Quarterly Result Update)

Nov 9, 2018 | Updated on Nov 9, 2018

For the quarter ended September 2018, SKF INDIA has posted a net profit of Rs 843 m (up 14.0% YoY). Sales on the other hand came in at Rs 8 bn (up 12.7% YoY). Read on for a complete analysis of SKF INDIA's quarterly results.

SKF INDIA 2017-18 Annual Report Analysis (Annual Result Update)

Aug 14, 2018 | Updated on Aug 14, 2018

Here's an analysis of the annual report of SKF INDIA for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of SKF INDIA. Also includes updates on the valuation of SKF INDIA.

Sandhar Technologies IPO: Worth Betting on This Automotive Component Manufacturer? (IPO)

Mar 17, 2018

Should you subscribe to the IPO of Sandhar Technologies Ltd?

More Views on News

Most Popular

7 Stocks That Will Remain Evergreen in this Era of Technological Disruption(The 5 Minute Wrapup)

Jun 13, 2019

We are living in an era of disruption. Are your stocks well equipped to adapt to changes that disruption will bring along?

The Great Indian NBFC Bubble Has Burst but I Will Still Recommend These Safe NBFCs(The 5 Minute Wrapup)

Jun 11, 2019

One chart that predicted the NBFC crisis back in 2016.

Just One Stock Made Buffett Billions - And Can Make You Crores(Profit Hunter)

Jun 6, 2019

Coca Cola is arguably one of Warren Buffet's best stock picks. But did you know that small investors picked up the stock five decades before Buffet? Read on...

Kenneth Andrade Would Like Our Real Estate Stock Recommendation with Triple Digit Upside(The 5 Minute Wrapup)

Jun 12, 2019

This real estate stock recommended in Smart Money Secrets offers the most favourable upside potential.

Why Modi 2.0 Will Be Great for These 7 Stocks(Profit Hunter)

Jun 10, 2019

The government's focus on Infra, electricity, water for all will be the key factors for Sensex 1,00,000.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

SKF INDIA SHARE PRICE


Jun 19, 2019 (Close)

TRACK SKF INDIA

  • Track your investment in SKF INDIA with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

SKF INDIA - AUTOMOTIVE AXLES COMPARISON

COMPARE SKF INDIA WITH

MARKET STATS