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BL KASHYAP & SONS Announces Quarterly Results (1QFY19); Net Profit Up 134.8%

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Markets will remain closed on 21st March, 2019 on account of Holi.

BL KASHYAP & SONS Announces Quarterly Results (1QFY19); Net Profit Up 134.8%
Mon, 20 Aug

BL KASHYAP & SONS has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

BL KASHYAP & SONS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m2,1642,3982,051-14.5%-5.2%
Other incomeRs m3633169-79.3%93.0%
TurnoverRs m2,1992,7292,120-22.3%-3.6%
ExpensesRs m1,9242,2661,796-20.7%-6.6%
Gross profitRs m24013225593.5%6.3%
DepreciationRs m24202312.0%-6.4%
InterestRs m164158124-21.5%-24.6%
Profit before taxRs m87285177-37.9%103.9%
TaxRs m362558135.4%60.8%
Profit after taxRs m51260119-54.4%134.8%
Gross profit margin%11.15.512.4
Effective tax rate%41.78.732.9
Net profit margin%2.39.55.6
* 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 5.2% on a year-on-year (YoY) basis. The expenses were down by 6.6% YoY during the same period.
  • The company's operating profit increased by 6.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.4% in 1QFY19 as against 11.1% in 1QFY18.
  • Depreciation charges and finance costs declined by 6.4% YoY and 24.6% YoY, respectively.
  • Other income increased by 93.0% YoY during the quarter.
  • Net profit for the quarter increased by 134.8% YoY. Net profit margins during the quarter increased from 2.3% in 1QFY18 to 5.6% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 14.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 20.7% QoQ during the same period.
  • The company's operating profit increased by 93.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.4% in 1QFY19 as against 5.5% in 4QFY18.
  • Net profit for the quarter declined by 54.4% QoQ, while net profit margins declined from 9.5% in 4QFY18 to 5.6% in 1QFY19.

To see how BL KASHYAP & SONS has performed over the last eight quarters, please visit here.

BL KASHYAP & SONS Share Price Performance

Over the last one year, BL KASHYAP & SONS share price has moved up from Rs 39.1 to Rs 33.9, registering a Loss of Rs 5.3 or around 13.4%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,144.1 (up 0.5%). Over the last one year it has moved up from 2,090.1 to 2,144.1, a gain of 54 points (up 2.6%).

Overall, the S&P BSE SENSEX is up 20.5% over the year.

Current Valuations

At the current price of Rs 33.9, the price to earnings (P/E) ratio of BL KASHYAP & SONS stands at 12.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.7 times.

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For the quarter ended December 2018, BL KASHYAP & SONS has posted a net profit of Rs 45 m (down 53.6% YoY). Sales on the other hand came in at Rs 2 bn (down 22.9% YoY). Read on for a complete analysis of BL KASHYAP & SONS's quarterly results.

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