BIRLA CORPORATION Announces Quarterly Results (4QFY20); Net Profit Up 51.9%

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BIRLA CORPORATION Announces Quarterly Results (4QFY20); Net Profit Up 51.9%
Tue, 26 May

BIRLA CORPORATION has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:

BIRLA CORPORATION Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m18,72817,15116,900-1.5%-9.8%
Other incomeRs m24420328138.0%14.9%
TurnoverRs m18,97217,35417,180-1.0%-9.4%
ExpensesRs m15,63214,20513,453-5.3%-13.9%
Gross profitRs m3,0952,9463,44617.0%11.3%
DepreciationRs m8298848941.2%7.8%
InterestRs m896977909-6.9%1.5%
Profit before taxRs m1,6151,2891,92449.3%19.1%
TaxRs m333474-24-105.0%-107.1%
Profit after taxRs m1,2828151,947139.0%51.9%
Gross profit margin%16.517.220.4
Effective tax rate%20.636.8-1.2
Net profit margin%6.84.711.3
* 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 9.8% on a year-on-year (YoY) basis. The expenses were down by 13.9% YoY during the same period.
  • The company's operating profit increased by 11.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.4% in 4QFY20 as against 16.5% in 4QFY19.
  • Depreciation charges increased by 7.8% and finance costs increased by 1.5% YoY, respectively.
  • Other income increased by 14.9% YoY during the quarter.
  • Net profit for the quarter increased by 51.9% YoY. Net profit margins during the quarter increased from 6.8% in 4QFY19 to 11.3% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 5.3% QoQ during the same period.
  • The company's operating profit increased by 17.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.4% in 4QFY20 as against 17.2% in 3QFY19.
  • Net profit for the quarter increased by 139.0% QoQ, while net profit margins increased from 4.7% in 3QFY19 to 11.3% in 4QFY20.

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

Get Details: First Stock to Potentially Accumulate Rs 7 Crore Long-term Wealth

BIRLA CORPORATION Share Price Performance

Over the last one year,BIRLA CORPORATION share price has moved down from Rs 620.3 to Rs 486.9, registering a Loss of Rs 133.4 or around 21.5%.

Overall, the S&P BSE SENSEX is down 21.6% over the year.

Current Valuations

At the current price of Rs 486.9, the price to earnings (P/E) ratio of BIRLA CORPORATION stands at 7.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.8 times.

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