MEMBER'S LOGINX
| Login Failure | ||||||||
|
||||||||
| Sign Up | Forgot Password? | ||||||||
- Home
- Research It
- BALKRISHNA INDUSTRIES
- BALKRISHNA INDUSTRIES Announces Quarterly Results (1QFY21); Net Profit Down 30.8%
BALKRISHNA INDUSTRIES Announces Quarterly Results (1QFY21); Net Profit Down 30.8%
Thu, 10 Sep
BALKRISHNA INDUSTRIES has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:
BALKRISHNA INDUSTRIES Quarterly Financials
| No. of Mths Qtr. Ending | 3 Jun-19* | 3 Mar-20* | 3 Jun-20* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 11,935 | 13,573 | 9,287 | -31.6% | -22.2% |
| Other income | Rs m | 716 | 664 | 333 | -49.8% | -53.5% |
| Turnover | Rs m | 12,651 | 14,237 | 9,620 | -32.4% | -24.0% |
| Expenses | Rs m | 9,256 | 9,848 | 6,981 | -29.1% | -24.6% |
| Gross profit | Rs m | 2,678 | 3,726 | 2,306 | -38.1% | -13.9% |
| Depreciation | Rs m | 841 | 983 | 996 | 1.4% | 18.4% |
| Interest | Rs m | 18 | 19 | 24 | 28.0% | 35.2% |
| Profit before tax | Rs m | 2,536 | 3,388 | 1,619 | -52.2% | -36.2% |
| Tax | Rs m | 776 | 815 | 401 | -50.8% | -48.4% |
| Profit after tax | Rs m | 1,760 | 2,573 | 1,218 | -52.7% | -30.8% |
| Gross profit margin | % | 22.4 | 27.4 | 24.8 | ||
| Effective tax rate | % | 30.6 | 24.0 | 24.7 | ||
| Net profit margin | % | 13.9 | 18.1 | 12.7 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter fell 22.2% on a year-on-year (YoY) basis. The expenses were down by 24.6% YoY during the same period.
- The company's operating profit declined by 13.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 24.8% in 1QFY21 as against 22.4% in 1QFY20.
- Depreciation charges increased by 18.4% and finance costs increased by 35.2% YoY, respectively.
- Other income declined by 53.5% YoY during the quarter.
- Net profit for the quarter declined by 30.8% YoY. Net profit margins during the quarter declined from 13.9% in 1QFY20 to 12.7% in 1QFY21.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter fell 31.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 29.1% QoQ during the same period.
- The company's operating profit declined by 38.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 24.8% in 1QFY21 as against 27.4% in 4QFY20.
- Net profit for the quarter declined by 52.7% QoQ, while net profit margins declined from 18.1% in 4QFY20 to 12.7% in 1QFY21.
To see how BALKRISHNA INDUSTRIES has performed over the last eight quarters,please visit here.
Know More: Which way are the markets & the mutual fund industry headed?
BALKRISHNA INDUSTRIES Share Price Performance
Over the last one year,BALKRISHNA INDUSTRIES share price has moved up from Rs 735.4 to Rs 1,276.5, registering a Gain of Rs 541.2 or around 73.6%.
Overall, the S&P BSE SENSEX is up 3.5% over the year.
Current Valuations
At the current price of Rs 1,276.5, the price to earnings (P/E) ratio of BALKRISHNA INDUSTRIES stands at 27.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.0 times.
Related Views on News
BALKRISHNA INDUSTRIES Announces Quarterly Results (3QFY20); Net Profit Up 52.5% (Quarterly Result Update)
Feb 19, 2020 | Updated on Feb 19, 2020For the quarter ended December 2019, BALKRISHNA INDUSTRIES has posted a net profit of Rs 2 bn (up 52.5% YoY). Sales on the other hand came in at Rs 12 bn (down 3.7% YoY). Read on for a complete analysis of BALKRISHNA INDUSTRIES's quarterly results.
BALKRISHNA INDUSTRIES Announces Quarterly Results (2QFY20); Net Profit Up 30.9% (Quarterly Result Update)
Nov 15, 2019 | Updated on Nov 15, 2019For the quarter ended September 2019, BALKRISHNA INDUSTRIES has posted a net profit of Rs 3 bn (up 30.9% YoY). Sales on the other hand came in at Rs 11 bn (down 19.2% YoY). Read on for a complete analysis of BALKRISHNA INDUSTRIES's quarterly results.
More Views on NewsMost Popular
Time to Book Profits in Pharma Stocks(Fast Profits Daily)
Jan 15, 2021In this video, I'll show you why it might be the right time to take money of the table in pharma stocks.
Smallcap Stocks: Your Best Bet for 2021 and Beyond(Profit Hunter)
Jan 15, 2021The pandemic failed to thwart Richa's investing success formula for 2020.
One Chart to See Before You Sell(Fast Profits Daily)
Jan 22, 2021In this video, I'll show you a crucial chart that you need to check before you decide to sell any stock or index.
Invest in the Multibaggers of 2021 and Beyond(Profit Hunter)
Jan 21, 2021Our ace stock picker is ready to capitalise on a big growth opportunity.
More|
| |
OUR TOP 5 IDEAS
- Free Report: Multibagger Stock Ideas 2021
- Are You Making One of These 15 Costly Mistakes While Investing. Learn more!
- Covid-19 Proof Multibagger Stocks - Download this FREE Report Now
- Free Report: The Secret to Increasing Your Trading Profits Daily!
- No Guessing, No Hunches, and No Missed Trends Ever! Join Us on YouTube Now.
BALKRISHNA INDUSTRIES SHARE PRICE
Jan 28, 2021 09:48 AM
TRACK BALKRISHNA INDUSTRIES
- Track your investment in BALKRISHNA INDUSTRIES with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
- Add To MyStocks
MORE ON BALKRISHNA INDUSTRIES
BALKRISHNA INDUSTRIES 5-YR ANALYSIS
COMPARE BALKRISHNA INDUSTRIES WITH
MARKET STATS
ABOUT EQUITYMASTER
Since 1996, Equitymaster has been the source for honest and credible opinions on investing in India. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Here's why hundreds of thousands of readers spread across more than 70 countries Trust Equitymaster.
FREE NEWSLETTERS
PREMIUM PRODUCTS
QUICK LINKS
POPULAR TOPICS
- Basics of Value Investing
- Benjamin Graham
- How to Invest in Gold
- How to Invest in Silver
- Best Stocks to Buy Today
- Warren Buffett - The Value Investor
- The Best Small-cap Stocks to Buy
- The Best Bluechip Stocks to Buy
- Your Ultimate Guide to Penny Stock Investing
- 10 Rules for Successful Long-Term Investing
- How to Invest in the Share Market
- Momentum Moves
FOLLOW
APP
Copyright © Equitymaster Agora Research Private Limited.
Whitelist | Refer | Terms | Privacy | Contact | About | Sitemap
Equitymaster Agora Research Private Limited (Research Analyst) 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407
All rights reserved. Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.
LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.
SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.
Equitymaster requests your view! Post a comment on "BALKRISHNA INDUSTRIES Announces Quarterly Results (1QFY21); Net Profit Down 30.8%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!