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BALMER LAWRIE Announces Quarterly Results (3QFY19); Net Profit Down 34.1%

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BALMER LAWRIE Announces Quarterly Results (3QFY19); Net Profit Down 34.1%
Mon, 11 Feb

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

BALMER LAWRIE Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m4,1154,1713,947-5.4%-4.1%
Other incomeRs m7317977-57.0%5.9%
TurnoverRs m4,1884,3504,024-7.5%-3.9%
ExpensesRs m3,4973,7673,492-7.3%-0.2%
Gross profitRs m61840445612.8%-26.3%
DepreciationRs m6166672.3%10.3%
InterestRs m121021104.8%73.2%
Profit before taxRs m617506444-12.4%-28.1%
TaxRs m2091621757.7%-16.4%
Profit after taxRs m408344269-21.8%-34.1%
Gross profit margin%15.09.711.5
Effective tax rate%33.932.039.4
Net profit margin%9.77.96.7
* 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 4.1% on a year-on-year (YoY) basis. The expenses were down by 0.2% YoY during the same period.
  • The company's operating profit declined by 26.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.5% in 3QFY19 as against 15.0% in 3QFY18.
  • Depreciation charges increased by 10.3% and finance costs increased by 73.2% YoY, respectively.
  • Other income increased by 5.9% YoY during the quarter.
  • Net profit for the quarter declined by 34.1% YoY. Net profit margins during the quarter declined from 9.7% in 3QFY18 to 6.7% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.3% QoQ during the same period.
  • The company's operating profit increased by 12.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.5% in 3QFY19 as against 9.7% in 2QFY18.
  • Net profit for the quarter declined by 21.8% QoQ, while net profit margins declined from 7.9% in 2QFY18 to 6.7% in 3QFY19.

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 243.7 to Rs 175.2, registering a Loss of Rs 68.5 or around 28.1%.

Overall, the S&P BSE SENSEX is up 5.6% over the year.

Current Valuations

At the current price of Rs 175.2, the price to earnings (P/E) ratio of BALMER LAWRIE stands at 10.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.4 times.

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

Dec 31, 2018 | Updated on Dec 31, 2018

Here's an analysis of the annual report of BALMER LAWRIE for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of BALMER LAWRIE. Also includes updates on the valuation of BALMER LAWRIE.

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

Nov 15, 2018 | Updated on Nov 15, 2018

For the quarter ended September 2018, BALMER LAWRIE has posted a net profit of Rs 344 m (up 31.7% YoY). Sales on the other hand came in at Rs 4 bn (up 12.3% YoY). Read on for a complete analysis of BALMER LAWRIE's quarterly results.

BALMER LAWRIE Announces Quarterly Results (1QFY19); Net Profit Up 30.1% (Quarterly Result Update)

Jul 31, 2018 | Updated on Jul 31, 2018

For the quarter ended June 2018, BALMER LAWRIE has posted a net profit of Rs 389 m (up 30.1% YoY). Sales on the other hand came in at Rs 5 bn (down 1.9% YoY). Read on for a complete analysis of BALMER LAWRIE's quarterly results.

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