BIRLA CORPORATION Announces Quarterly Results (2QFY20); Net Profit Up 442.3%

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BIRLA CORPORATION Announces Quarterly Results (2QFY20); Net Profit Up 442.3%
Fri, 8 Nov

BIRLA CORPORATION has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

BIRLA CORPORATION Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m14,64618,83816,269-13.6%11.1%
Other incomeRs m20316919917.9%-2.0%
TurnoverRs m14,84819,00716,467-13.4%10.9%
ExpensesRs m12,79014,99213,148-12.3%2.8%
Gross profitRs m1,8563,8473,121-18.9%68.1%
DepreciationRs m8708628792.0%1.1%
InterestRs m9359601,0297.2%10.1%
Profit before taxRs m2532,1921,411-35.7%456.6%
TaxRs m91786527-33.0%482.4%
Profit after taxRs m1631,406883-37.2%442.3%
Gross profit margin%12.720.419.2
Effective tax rate%35.735.937.4
Net profit margin%1.17.45.4
* 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 11.1% on a year-on-year (YoY) basis. The expenses were up by 2.8% YoY during the same period.
  • The company's operating profit increased by 68.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.2% in 2QFY20 as against 12.7% in 2QFY19.
  • Depreciation charges increased by 1.1% and finance costs increased by 10.1% YoY, respectively.
  • Other income declined by 2.0% YoY during the quarter.
  • Net profit for the quarter increased by 442.3% YoY. Net profit margins during the quarter increased from 1.1% in 2QFY19 to 5.4% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 13.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 12.3% QoQ during the same period.
  • The company's operating profit declined by 18.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.2% in 2QFY20 as against 20.4% in 1QFY19.
  • Net profit for the quarter declined by 37.2% QoQ, while net profit margins declined from 7.4% in 1QFY19 to 5.4% in 2QFY20.

To see how BIRLA CORPORATION has performed over the last eight quarters,please visit here.

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BIRLA CORPORATION Share Price Performance

Over the last one year,BIRLA CORPORATION share price has moved up from Rs 615.0 to Rs 642.9, registering a Gain of Rs 27.9 or around 4.5%.

Overall, the S&P BSE SENSEX is up 15.1% over the year.

Current Valuations

At the current price of Rs 642.9, the price to earnings (P/E) ratio of BIRLA CORPORATION stands at 12.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.1 times.

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For the quarter ended March 2020, BIRLA CORPORATION has posted a net profit of Rs 2 bn (up 51.9% YoY). Sales on the other hand came in at Rs 17 bn (down 9.8% YoY). Read on for a complete analysis of BIRLA CORPORATION's quarterly results.

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