DISA INDIA LTD- opportunity on capex cycle revival

DISA India has come out with superb Q2FY19 result. With increase in top line and the significant operating leverage these business enjoy, net profit growth is exponential.

Particulars(Crs.) Q2FY19 Q2FY18 Y-0-Y Change H1FY19 H1FY18 Y-0-Y Change
Income from operation 75 36 108.3 112 70 60.0
raw materials 43 24 79.2 68 44 54.5
employee expense 8.3 7.3 13.7 17 15 13.3
others expenses 8.8 6.8 29.4 16 13.5 18.5
total expenses 64 35 82.9 100 70 42.9
PBT 12.7 2 535.0 11 1.6 587.5
PBT Margin% 16.9 5.6 204.8 9.8 2.3 329.7
other Income 1.6 1.1 45.5 3.2 2.2 45.5
Tax expense 3.6 0.7 414.3 4.4 0.8 450.0
PAT 9.1 1.3 600.0 11 1.6 587.5
PAT margin% 12.1 3.6 236.0 9.8 2.3 329.7
EPS(Rs) 62.7 9 596.7 76 11 590.9
Orders Book Q2FY19 Q1FY19 Q4FY18 Q3FY18 Q2FY18 Q1FY18 Q4FY17 Q3FY17 Q2FY17 Q1FY17
IN Crs 155 155 126 91 118 113 70 53 92 87

Order book at 155 Cr same as in Q1 but generally their order book doesn’t change much between Q1 and Q2.

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