BIRLA CABLE Announces Quarterly Results (1QFY20); Net Profit Down 95.4%

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BIRLA CABLE Announces Quarterly Results (1QFY20); Net Profit Down 95.4%
Fri, 16 Aug

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

BIRLA CABLE Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m1,1751,004433-56.9%-63.2%
Other incomeRs m964-37.9%-60.5%
TurnoverRs m1,1841,010436-56.8%-63.2%
ExpensesRs m998901385-57.3%-61.5%
Gross profitRs m17710348-53.6%-72.9%
DepreciationRs m2228296.7%34.6%
InterestRs m8101448.4%87.6%
Profit before taxRs m156728-89.4%-95.1%
TaxRs m46212-88.1%-94.6%
Profit after taxRs m111515-89.9%-95.4%
Gross profit margin%15.010.311.1
Effective tax rate%29.229.032.5
Net profit margin%9.35.01.2
* 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 63.2% on a year-on-year (YoY) basis. The expenses were down by 61.5% YoY during the same period.
  • The company's operating profit declined by 72.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.1% in 1QFY20 as against 15.0% in 1QFY19.
  • Depreciation charges increased by 34.6% and finance costs increased by 87.6% YoY, respectively.
  • Other income declined by 60.5% YoY during the quarter.
  • Net profit for the quarter declined by 95.4% YoY. Net profit margins during the quarter declined from 9.3% in 1QFY19 to 1.2% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 56.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 57.3% QoQ during the same period.
  • The company's operating profit increased by 53.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.1% in 1QFY20 as against 10.3% in 4QFY19.
  • Net profit for the quarter declined by 89.9% QoQ, while net profit margins declined from 5.0% in 4QFY19 to 1.2% in 1QFY20.

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

BIRLA CABLE Share Price Performance

Over the last one year,BIRLA CABLE share price has moved down from Rs 122.4 to Rs 51.0, registering a Loss of Rs 71.4 or around 58.3%.

Overall, the S&P BSE SENSEX is down 1.4% over the year.

Current Valuations

At the current price of Rs 51.0, the price to earnings (P/E) ratio of BIRLA CABLE stands at 4.2 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

BIRLA CABLE Announces Quarterly Results (4QFY19); Net Profit Down 42.9% (Quarterly Result Update)

May 21, 2019 | Updated on May 21, 2019

For the quarter ended March 2019, BIRLA CABLE has posted a net profit of Rs 51 m (down 42.9% YoY). Sales on the other hand came in at Rs 1 bn (down 12.2% YoY). Read on for a complete analysis of BIRLA CABLE's quarterly results.

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May 17, 2021 10:01 AM

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