BALMER LAWRIE Announces Quarterly Results (1QFY20); Net Profit Down 27.8%

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BALMER LAWRIE Announces Quarterly Results (1QFY20); Net Profit Down 27.8%
Wed, 21 Aug

BALMER LAWRIE has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

BALMER LAWRIE Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m4,8894,7454,310-9.2%-11.8%
Other incomeRs m11644399-77.8%-15.2%
TurnoverRs m5,0055,1884,408-15.0%-11.9%
ExpensesRs m4,3243,8613,849-0.3%-11.0%
Gross profitRs m565884461-47.9%-18.5%
DepreciationRs m66688930.6%33.5%
InterestRs m14102095.0%40.6%
Profit before taxRs m6011,250451-63.9%-25.0%
TaxRs m212367170-53.6%-19.9%
Profit after taxRs m389883281-68.2%-27.8%
Gross profit margin%11.618.610.7
Effective tax rate%35.329.437.7
Net profit margin%7.817.06.4
* 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 fell 11.8% on a year-on-year (YoY) basis. The expenses were down by 11.0% YoY during the same period.
  • The company's operating profit declined by 18.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.7% in 1QFY20 as against 11.6% in 1QFY19.
  • Depreciation charges increased by 33.5% and finance costs increased by 40.6% YoY, respectively.
  • Other income declined by 15.2% YoY during the quarter.
  • Net profit for the quarter declined by 27.8% YoY. Net profit margins during the quarter declined from 7.8% in 1QFY19 to 6.4% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 9.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.3% QoQ during the same period.
  • The company's operating profit declined by 47.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.7% in 1QFY20 as against 18.6% in 4QFY19.
  • Net profit for the quarter declined by 68.2% QoQ, while net profit margins declined from 17.0% in 4QFY19 to 6.4% in 1QFY20.

To see how BALMER LAWRIE has performed over the last eight quarters,please visit here.

BALMER LAWRIE Share Price Performance

Over the last one year,BALMER LAWRIE share price has moved down from Rs 219.8 to Rs 172.5, registering a Loss of Rs 47.3 or around 21.5%.

Overall, the S&P BSE SENSEX is down 2.4% over the year.

Current Valuations

At the current price of Rs 172.5, the price to earnings (P/E) ratio of BALMER LAWRIE stands at 11.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.4 times.

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