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BAYER CROPSCIENCE Announces Quarterly Results (3QFY19); Net Profit Up 157.0%

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BAYER CROPSCIENCE Announces Quarterly Results (3QFY19); Net Profit Up 157.0%
Wed, 20 Feb

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

BAYER CROPSCIENCE Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m4,79711,0416,210-43.8%29.5%
Other incomeRs m299811012.2%279.3%
TurnoverRs m4,82611,1396,320-43.3%31.0%
ExpensesRs m4,5718,8555,744-35.1%25.7%
Gross profitRs m2262,186466-78.7%106.2%
DepreciationRs m8484851.2%1.2%
InterestRs m5236372.8%-28.8%
Profit before taxRs m1192,164454-79.0%281.5%
TaxRs m12737179-75.7%1391.7%
Profit after taxRs m1071,427275-80.7%157.0%
Gross profit margin%4.719.87.5
Effective tax rate%10.134.139.4
Net profit margin%2.212.84.4
* 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 grew 29.5% on a year-on-year (YoY) basis. The expenses were up by 25.7% YoY during the same period.
  • The company's operating profit increased by 106.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 7.5% in 3QFY19 as against 4.7% in 3QFY18.
  • Depreciation charges increased by 1.2% and finance costs declined by 28.8% YoY, respectively.
  • Other income increased by 279.3% YoY during the quarter.
  • Net profit for the quarter increased by 157.0% YoY. Net profit margins during the quarter increased from 2.2% in 3QFY18 to 4.4% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 43.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 35.1% QoQ during the same period.
  • The company's operating profit declined by 78.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.5% in 3QFY19 as against 19.8% in 2QFY18.
  • Net profit for the quarter declined by 80.7% QoQ, while net profit margins declined from 12.8% in 2QFY18 to 4.4% in 3QFY19.

To see how BAYER CROPSCIENCE has performed over the last eight quarters, please visit here.

BAYER CROPSCIENCE Share Price Performance

Over the last one year, BAYER CROPSCIENCE share price has moved up from Rs 3,821.9 to Rs 4,245.7, registering a Gain of Rs 423.8 or around 11.1%.

Overall, the S&P BSE SENSEX is up 5.4% over the year.

Current Valuations

At the current price of Rs 4,245.7, the price to earnings (P/E) ratio of BAYER CROPSCIENCE stands at 47.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.2 times.

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