KIRLOSKAR BROS. Announces Quarterly Results (4QFY18); Net Profit Up 91.8%

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KIRLOSKAR BROS. Announces Quarterly Results (4QFY18); Net Profit Up 91.8%
Thu, 19 Jul

KIRLOSKAR BROS. has announced its results for the quarter ended March 2018. Here is a detailed performance review of the same:

KIRLOSKAR BROS. Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m6,0084,4216,14839.1%2.3%
Other incomeRs m55395643.6%1.1%
TurnoverRs m6,0634,4606,20439.1%2.3%
ExpensesRs m5,5984,1875,54732.5%-0.9%
Gross profitRs m410234601156.8%46.6%
DepreciationRs m898886-2.3%-3.9%
InterestRs m7065719.2%2.0%
Profit before taxRs m306120500316.7%63.3%
TaxRs m13729175503.4%28.0%
Profit after taxRs m16991325257.1%91.8%
Gross profit margin%6.85.39.8
Effective tax rate%44.724.235.0
Net profit margin%2.82.05.2
* 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 2.3% on a year-on-year (YoY) basis. The expenses were down by 0.9% YoY during the same period.
  • The company's operating profit increased by 46.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.8% in 4QFY18 as against 6.8% in 4QFY17.
  • Depreciation charges and finance costs declined by 3.9% YoY and 2.0% YoY, respectively.
  • Other income increased by 1.1% YoY during the quarter.
  • Net profit for the quarter increased by 91.8% YoY. Net profit margins during the quarter increased from 2.8% in 4QFY17 to 5.2% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 39.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 32.5% QoQ during the same period.
  • The company's operating profit increased by 156.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.8% in 4QFY18 as against 5.3% in 3QFY17.
  • Net profit for the quarter increased by 257.1% QoQ, while net profit margins increased from 2.0% in 3QFY17 to 5.2% in 4QFY18.

To see how KIRLOSKAR BROS. has performed over the last eight quarters, please visit here.

KIRLOSKAR BROS. Share Price Performance

Over the last one year, KIRLOSKAR BROS. share price has moved up from Rs 269.1 to Rs 260.0, registering a Loss of Rs -9.1 or around 3.4%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,332.2 (down 1.8%). Over the last one year it has moved down from 17,733.2 to 17,332.2, a gain of -401.0 points (down 2.3%).

Overall, the S&P BSE SENSEX is down 0.1% over the year.

Current Valuations

At the current price of Rs 260.0, the price to earnings (P/E) ratio of KIRLOSKAR BROS. stands at 31.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.1 times.

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