BANNARI AMMAN Announces Quarterly Results (2QFY20); Net Profit Down 26.2%

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BANNARI AMMAN Announces Quarterly Results (2QFY20); Net Profit Down 26.2%
Tue, 12 Nov

BANNARI AMMAN has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

BANNARI AMMAN Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m2,3772,6094,38568.1%84.5%
Other incomeRs m12784.6%-34.2%
TurnoverRs m2,3892,6164,39367.9%83.9%
ExpensesRs m1,7692,2293,83271.9%116.6%
Gross profitRs m60938055345.7%-9.0%
DepreciationRs m1671591621.4%-3.5%
InterestRs m3915193-38.3%142.1%
Profit before taxRs m41476306300.7%-26.1%
TaxRs m1072179281.5%-25.8%
Profit after taxRs m30756227307.9%-26.2%
Gross profit margin%25.614.612.6
Effective tax rate%25.827.326.0
Net profit margin%12.92.15.2
* 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 84.5% on a year-on-year (YoY) basis. The expenses were up by 116.6% YoY during the same period.
  • The company's operating profit declined by 9.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.6% in 2QFY20 as against 25.6% in 2QFY19.
  • Depreciation charges declined by 3.5% and finance costs increased by 142.1% YoY, respectively.
  • Other income declined by 34.2% YoY during the quarter.
  • Net profit for the quarter declined by 26.2% YoY. Net profit margins during the quarter declined from 12.9% in 2QFY19 to 5.2% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 68.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 71.9% QoQ during the same period.
  • The company's operating profit increased by 45.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.6% in 2QFY20 as against 14.6% in 1QFY19.
  • Net profit for the quarter increased by 307.9% QoQ, while net profit margins increased from 2.1% in 1QFY19 to 5.2% in 2QFY20.

To see how BANNARI AMMAN has performed over the last eight quarters,please visit here.

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BANNARI AMMAN Share Price Performance

Over the last one year,BANNARI AMMAN share price has moved down from Rs 1,858.2 to Rs 1,146.5, registering a Loss of Rs 711.7 or around 38.3%.

Overall, the S&P BSE SENSEX is up 15.9% over the year.

Current Valuations

At the current price of Rs 1,146.5, the price to earnings (P/E) ratio of BANNARI AMMAN stands at 20.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.3 times.

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