BALMER LAWRIE Announces Quarterly Results (3QFY20); Net Profit Up 33.2%

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BALMER LAWRIE Announces Quarterly Results (3QFY20); Net Profit Up 33.2%
Thu, 6 Feb

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

BALMER LAWRIE Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m3,9473,8193,727-2.4%-5.6%
Other incomeRs m7721789-58.9%16.1%
TurnoverRs m4,0244,0363,817-5.4%-5.2%
ExpensesRs m3,4923,4903,255-6.7%-6.8%
Gross profitRs m45632947343.7%3.8%
DepreciationRs m67839210.0%36.0%
InterestRs m21122063.7%-5.7%
Profit before taxRs m4444514510.0%1.5%
TaxRs m175689236.3%-47.3%
Profit after taxRs m269383358-6.4%33.2%
Gross profit margin%11.58.612.7
Effective tax rate%39.415.020.4
Net profit margin%6.79.59.4
* 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 5.6% on a year-on-year (YoY) basis. The expenses were down by 6.8% YoY during the same period.
  • The company's operating profit increased by 3.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.7% in 3QFY20 as against 11.5% in 3QFY19.
  • Depreciation charges increased by 36.0% and finance costs declined by 5.7% YoY, respectively.
  • Other income increased by 16.1% YoY during the quarter.
  • Net profit for the quarter increased by 33.2% YoY. Net profit margins during the quarter increased from 6.7% in 3QFY19 to 9.4% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.7% QoQ during the same period.
  • The company's operating profit increased by 43.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.7% in 3QFY20 as against 8.6% in 2QFY19.
  • Net profit for the quarter declined by 6.4% QoQ, while net profit margins declined from 9.5% in 2QFY19 to 9.4% in 3QFY20.

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

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BALMER LAWRIE Share Price Performance

Over the last one year,BALMER LAWRIE share price has moved down from Rs 121.9 to Rs 119.4, registering a Loss of Rs 2.6 or around 2.1%.

Overall, the S&P BSE SENSEX is up 12.4% over the year.

Current Valuations

At the current price of Rs 119.4, the price to earnings (P/E) ratio of BALMER LAWRIE stands at 10.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.3 times.

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Related Views on News

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.

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