BASF INDIA Announces Quarterly Results (1QFY20); Net Profit Down 66.5%

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BASF INDIA Announces Quarterly Results (1QFY20); Net Profit Down 66.5%
Wed, 7 Aug

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

BASF INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m16,27113,18016,13822.4%-0.8%
Other incomeRs m22335565.6%146.8%
TurnoverRs m16,29313,21316,19222.5%-0.6%
ExpensesRs m15,32713,04115,32017.5%0.0%
Gross profitRs m9441,344754-43.9%-20.1%
DepreciationRs m37235545528.0%22.3%
InterestRs m24319624223.3%-0.5%
Profit before taxRs m351826113-86.4%-67.9%
TaxRs m106-3731-71.3%
Profit after taxRs m24586382-90.5%-66.5%
Gross profit margin%5.810.24.7
Effective tax rate%30.3-4.527.1
Net profit margin%1.56.50.5
* 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 0.8% on a year-on-year (YoY) basis. The expenses were down by 0.0% YoY during the same period.
  • The company's operating profit declined by 20.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.7% in 1QFY20 as against 5.8% in 1QFY19.
  • Depreciation charges increased by 22.3% and finance costs declined by 0.5% YoY, respectively.
  • Other income increased by 146.8% YoY during the quarter.
  • Net profit for the quarter declined by 66.5% YoY. Net profit margins during the quarter declined from 1.5% in 1QFY19 to 0.5% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 22.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 17.5% QoQ during the same period.
  • The company's operating profit declined by 43.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.7% in 1QFY20 as against 10.2% in 4QFY19.
  • Net profit for the quarter declined by 90.5% QoQ, while net profit margins declined from 6.5% in 4QFY19 to 0.5% in 1QFY20.

To see how BASF INDIA has performed over the last eight quarters,please visit here.

BASF INDIA Share Price Performance

Over the last one year,BASF INDIA share price has moved down from Rs 2,020.0 to Rs 1,028.1, registering a Loss of Rs 991.9 or around 49.1%.

Overall, the S&P BSE SENSEX is down 1.8% over the year.

Current Valuations

At the current price of Rs 1,028.1, the price to earnings (P/E) ratio of BASF INDIA stands at 68.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.2 times.

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