BALMER LAWRIE Announces Quarterly Results (2QFY19); Net Profit Up 31.7%

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BALMER LAWRIE Announces Quarterly Results (2QFY19); Net Profit Up 31.7%
Thu, 15 Nov

BALMER LAWRIE has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

BALMER LAWRIE Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m3,7134,8894,171-14.7%12.3%
Other incomeRs m14311617953.7%25.0%
TurnoverRs m3,8565,0054,350-13.1%12.8%
ExpensesRs m3,4004,3243,767-12.9%10.8%
Gross profitRs m313565404-28.5%29.1%
DepreciationRs m656666-0.8%1.9%
InterestRs m101410-25.2%7.2%
Profit before taxRs m382601506-15.8%32.7%
TaxRs m120212162-23.6%34.9%
Profit after taxRs m261389344-11.5%31.7%
Gross profit margin%8.411.69.7
Effective tax rate%31.535.332.0
Net profit margin%6.87.87.9
* 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 12.3% on a year-on-year (YoY) basis. The expenses were up by 10.8% YoY during the same period.
  • The company's operating profit increased by 29.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.7% in 2QFY19 as against 8.4% in 2QFY18.
  • Depreciation charges increased by 1.9% and finance costs increased by 7.2% YoY, respectively.
  • Other income increased by 25.0% YoY during the quarter.
  • Net profit for the quarter increased by 31.7% YoY. Net profit margins during the quarter increased from 6.8% in 2QFY18 to 7.9% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 14.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 12.9% QoQ during the same period.
  • The company's operating profit declined by 28.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.7% in 2QFY19 as against 11.6% in 1QFY18.
  • Net profit for the quarter declined by 11.5% QoQ, while net profit margins increased from 7.8% in 1QFY18 to 7.9% in 2QFY19.

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 up from Rs 262.3 to Rs 198.4, registering a Loss of Rs 64.0 or around 24.4%.

Overall, the S&P BSE SENSEX is up 6.8% over the year.

Current Valuations

At the current price of Rs 198.4, the price to earnings (P/E) ratio of BALMER LAWRIE stands at 11.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.7 times.

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

Aug 21, 2019 | Updated on Aug 21, 2019

For the quarter ended June 2019, BALMER LAWRIE has posted a net profit of Rs 281 m (down 27.8% YoY). Sales on the other hand came in at Rs 4 bn (down 11.8% YoY). Read on for a complete analysis of BALMER LAWRIE's quarterly results.

BALMER LAWRIE Announces Quarterly Results (4QFY19); Net Profit Up 0.4% (Quarterly Result Update)

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For the quarter ended March 2019, BALMER LAWRIE has posted a net profit of Rs 883 m (up 0.4% YoY). Sales on the other hand came in at Rs 5 bn (down 0.7% YoY). Read on for a complete analysis of BALMER LAWRIE's quarterly results.

BALMER LAWRIE 2017-18 Annual Report Analysis (Annual Result Update)

Dec 31, 2018 | Updated on Dec 31, 2018

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