BL KASHYAP & SONS Announces Quarterly Results (1QFY20); Net Profit Down 128.9%

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BL KASHYAP & SONS Announces Quarterly Results (1QFY20); Net Profit Down 128.9%
Fri, 16 Aug

BL KASHYAP & SONS has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

BL KASHYAP & SONS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m2,0511,5061,70913.5%-16.7%
Other incomeRs m69285183.8%-25.3%
TurnoverRs m2,1201,5341,76114.8%-16.9%
ExpensesRs m1,7961,5541,6516.2%-8.1%
Gross profitRs m255-4859-77.1%
DepreciationRs m2326274.3%19.7%
InterestRs m12411513516.9%8.6%
Profit before taxRs m177-162-52-129.5%
TaxRs m58-38-18-130.8%
Profit after taxRs m119-123-34-128.9%
Gross profit margin%12.4-3.23.4
Effective tax rate%32.923.734.3
Net profit margin%5.6-8.0-1.9
* 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 16.7% on a year-on-year (YoY) basis. The expenses were down by 8.1% YoY during the same period.
  • The company's operating profit declined by 77.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.4% in 1QFY20 as against 12.4% in 1QFY19.
  • Depreciation charges increased by 19.7% and finance costs increased by 8.6% YoY, respectively.
  • Other income declined by 25.3% YoY during the quarter.
  • Net profit for the quarter declined by 128.9% YoY. Net profit margins during the quarter declined from 5.6% in 1QFY19 to -1.9% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 13.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.2% QoQ during the same period.
  • The company's operating profit increased by 221.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 3.4% in 1QFY20 as against 3.2% in 4QFY19.
  • Net profit for the quarter increased by 72.2% QoQ, while net profit margins increased from -8.0% in 4QFY19 to -1.9% in 1QFY20.

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 down from Rs 32.8 to Rs 9.3, registering a Loss of Rs 23.5 or around 71.8%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,038.5 (up 0.1%). Over the last one year it has moved down from 2,117.8 to 2,038.5, a gain of 79 points (down 3.7%).

Overall, the S&P BSE SENSEX is down 2.0% over the year.

Current Valuations

At the current price of Rs 9.3, the price to book value (P/BV) ratio of BL KASHYAP & SONS stands at 0.4 times.

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