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BL KASHYAP & SONS Announces Quarterly Results (2QFY19); Net Profit Up 20.3%

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BL KASHYAP & SONS Announces Quarterly Results (2QFY19); Net Profit Up 20.3%
Wed, 14 Nov

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

BL KASHYAP & SONS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m2,3792,0512,0570.3%-13.6%
Other incomeRs m366938-44.8%5.1%
TurnoverRs m2,4152,1202,095-1.2%-13.3%
ExpensesRs m2,0721,7961,8291.8%-11.7%
Gross profitRs m307255228-10.8%-25.8%
DepreciationRs m242316-32.3%-35.0%
InterestRs m188124115-7.6%-39.2%
Profit before taxRs m131177136-23.4%3.8%
TaxRs m485837-37.3%-24.4%
Profit after taxRs m8211999-16.6%20.3%
Gross profit margin%12.912.411.1
Effective tax rate%37.032.926.9
Net profit margin%3.45.64.7
* 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 13.6% on a year-on-year (YoY) basis. The expenses were down by 11.7% YoY during the same period.
  • The company's operating profit declined by 25.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.1% in 2QFY19 as against 12.9% in 2QFY18.
  • Depreciation charges declined by 35.0% and finance costs declined by 39.2% YoY, respectively.
  • Other income increased by 5.1% YoY during the quarter.
  • Net profit for the quarter increased by 20.3% YoY. Net profit margins during the quarter increased from 3.4% in 2QFY18 to 4.7% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 0.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.8% QoQ during the same period.
  • The company's operating profit declined by 10.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.1% in 2QFY19 as against 12.4% in 1QFY18.
  • Net profit for the quarter declined by 16.6% QoQ, while net profit margins declined from 5.6% in 1QFY18 to 4.7% in 2QFY19.

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 62.2 to Rs 23.8, registering a Loss of Rs 38.4 or around 61.7%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,726.1 (up 0.1%). Over the last one year it has moved down from 2,290.1 to 1,726.1, a gain of 564 points (down 24.6%).

Overall, the S&P BSE SENSEX is up 6.5% over the year.

Current Valuations

At the current price of Rs 23.8, the price to earnings (P/E) ratio of BL KASHYAP & SONS stands at 8.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.2 times.

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