BALKRISHNA INDUSTRIES Announces Quarterly Results (2QFY20); Net Profit Up 30.9%

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BALKRISHNA INDUSTRIES Announces Quarterly Results (2QFY20); Net Profit Up 30.9%
Fri, 15 Nov

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

BALKRISHNA INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m13,25511,93510,712-10.2%-19.2%
Other incomeRs m90971680712.8%-11.1%
TurnoverRs m14,16312,65111,519-8.9%-18.7%
ExpensesRs m9,9299,2568,037-13.2%-19.1%
Gross profitRs m3,3262,6782,675-0.1%-19.6%
DepreciationRs m8288419088.0%9.6%
InterestRs m251817-2.8%-29.0%
Profit before taxRs m3,3822,5362,5570.8%-24.4%
TaxRs m1,159776-353-145.5%-130.5%
Profit after taxRs m2,2231,7602,91065.3%30.9%
Gross profit margin%25.122.425.0
Effective tax rate%34.330.6-13.8
Net profit margin%15.713.925.3
* 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 19.2% on a year-on-year (YoY) basis. The expenses were down by 19.1% YoY during the same period.
  • The company's operating profit declined by 19.6% YoY during the quarter. Consequently, operating profit margins remained same and stood at 25.0% in 2QFY20.
  • Depreciation charges increased by 9.6% and finance costs declined by 29.0% YoY, respectively.
  • Other income declined by 11.1% YoY during the quarter.
  • Net profit for the quarter increased by 30.9% YoY. Net profit margins during the quarter increased from 15.7% in 2QFY19 to 25.3% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 10.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 13.2% QoQ during the same period.
  • The company's operating profit declined by 0.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.0% in 2QFY20 as against 22.4% in 1QFY19.
  • Net profit for the quarter increased by 65.3% QoQ, while net profit margins increased from 13.9% in 1QFY19 to 25.3% in 2QFY20.

To see how BALKRISHNA INDUSTRIES has performed over the last eight quarters,please visit here.

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BALKRISHNA INDUSTRIES Share Price Performance

Over the last one year,BALKRISHNA INDUSTRIES share price has moved down from Rs 964.1 to Rs 854.6, registering a Loss of Rs 109.5 or around 11.4%.

Overall, the S&P BSE SENSEX is up 15.3% over the year.

Current Valuations

At the current price of Rs 854.6, the price to earnings (P/E) ratio of BALKRISHNA INDUSTRIES stands at 20.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.0 times.

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BALKRISHNA INDUSTRIES Announces Quarterly Results (1QFY21); Net Profit Down 30.8% (Quarterly Result Update)

Sep 10, 2020 | Updated on Sep 10, 2020

For the quarter ended June 2020, BALKRISHNA INDUSTRIES has posted a net profit of Rs 1 bn (down 30.8% YoY). Sales on the other hand came in at Rs 9 bn (down 22.2% YoY). Read on for a complete analysis of BALKRISHNA INDUSTRIES's quarterly results.

BALKRISHNA INDUSTRIES Announces Quarterly Results (3QFY20); Net Profit Up 52.5% (Quarterly Result Update)

Feb 19, 2020 | Updated on Feb 19, 2020

For 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.

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