Lloyd Electric & Engineering Posts A Net Profit Jump Of 123%

Lloyd Electric & Engineering, a part of Lloyd group released its fourth quarter result for the fiscal year 2014. The result was declared after the market hours yesterday (May 29, 2014).

The company has posted operating revenue of Rs 520.59 crore, reporting a jump of almost 55% on yearly basis during Q4FY14. While the EBITDA of the company stood at Rs 76.87 crore during the last quarter of FY14 as against Rs 44.71 crore during the same period of previous year. The company has posted a net profit of Rs 37.72 crore against Rs 16.89 crore during Q4FY14.

On margin front, the EBITDA margin of the company rose by 147 basis points on yearly basis standing to 14.8% for the quarter ended March 2014. The margin improved due to reduction in cost of raw material (down by 540 basis points) as proportionate to sales. The net profit margin has improved by 222 basis points standing at 7.24% during Q4FY14 as compared to the corresponding quarter of previous year. Other than increase in sales, the reduction in tax (down by 158% on yearly basis) helped the company to post such an increase in net profit margin for the quarter ended March 2014.

The company has declared a dividend of Rs 1 per share. While on the valuation front, the stock of the company is trading at a price to earnings (P/E) of 4.2x. Today on BSE the scrip of the company opened at Rs 86.05 and currently trading at Rs 89.55, up by 16.6% from its previous close (Rs 76.8).