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- BALKRISHNA INDUSTRIES Announces Quarterly Results (3QFY20); Net Profit Up 52.5%
BALKRISHNA INDUSTRIES Announces Quarterly Results (3QFY20); Net Profit Up 52.5%
Wed, 19 Feb
BALKRISHNA INDUSTRIES has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:
BALKRISHNA INDUSTRIES Quarterly Financials
| No. of Mths Qtr. Ending | 3 Dec-18* | 3 Sep-19* | 3 Dec-19* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 12,056 | 10,712 | 11,605 | 8.3% | -3.7% |
| Other income | Rs m | 10 | 807 | 301 | -62.8% | 2999.0% |
| Turnover | Rs m | 12,066 | 11,519 | 11,906 | 3.4% | -1.3% |
| Expenses | Rs m | 9,047 | 8,037 | 8,190 | 1.9% | -9.5% |
| Gross profit | Rs m | 3,009 | 2,675 | 3,415 | 27.7% | 13.5% |
| Depreciation | Rs m | 834 | 908 | 949 | 4.5% | 13.8% |
| Interest | Rs m | 20 | 17 | 19 | 6.3% | -7.0% |
| Profit before tax | Rs m | 2,165 | 2,557 | 2,748 | 7.5% | 26.9% |
| Tax | Rs m | 718 | -353 | 542 | -24.6% | |
| Profit after tax | Rs m | 1,447 | 2,910 | 2,207 | -24.2% | 52.5% |
| Gross profit margin | % | 25.0 | 25.0 | 29.4 | ||
| Effective tax rate | % | 33.2 | -13.8 | 19.7 | ||
| Net profit margin | % | 12.0 | 25.3 | 18.5 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter fell 3.7% on a year-on-year (YoY) basis. The expenses were down by 9.5% YoY during the same period.
- The company's operating profit increased by 13.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 29.4% in 3QFY20 as against 25.0% in 3QFY19.
- Depreciation charges increased by 13.8% and finance costs declined by 7.0% YoY, respectively.
- Other income increased by 2999.0% YoY during the quarter.
- Net profit for the quarter increased by 52.5% YoY. Net profit margins during the quarter increased from 12.0% in 3QFY19 to 18.5% in 3QFY20.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter grew 8.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.9% QoQ during the same period.
- The company's operating profit increased by 27.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 29.4% in 3QFY20 as against 25.0% in 2QFY19.
- Net profit for the quarter declined by 24.2% QoQ, while net profit margins declined from 25.3% in 2QFY19 to 18.5% in 3QFY20.
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 816.9 to Rs 1,257.5, registering a Gain of Rs 440.6 or around 53.9%.
Overall, the S&P BSE SENSEX is up 16.1% over the year.
Current Valuations
At the current price of Rs 1,257.5, the price to earnings (P/E) ratio of BALKRISHNA INDUSTRIES stands at 27.9 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 (1QFY21); Net Profit Down 30.8% (Quarterly Result Update)
Sep 10, 2020 | Updated on Sep 10, 2020For 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 (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.
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