BL KASHYAP & SONS Announces Quarterly Results (3QFY19); Net Profit Down 53.6%

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BL KASHYAP & SONS Announces Quarterly Results (3QFY19); Net Profit Down 53.6%
Fri, 15 Feb

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

BL KASHYAP & SONS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m2,4262,0571,871-9.0%-22.9%
Other incomeRs m373836-5.8%-4.6%
TurnoverRs m2,4632,0951,906-9.0%-22.6%
ExpensesRs m2,1351,8291,696-7.3%-20.6%
Gross profitRs m291228175-23.2%-40.0%
DepreciationRs m26162877.5%6.7%
InterestRs m1461151161.4%-20.5%
Profit before taxRs m15713667-50.6%-57.3%
TaxRs m603722-39.5%-63.3%
Profit after taxRs m979945-54.6%-53.6%
Gross profit margin%12.011.19.3
Effective tax rate%38.326.932.9
Net profit margin%3.94.72.4
* 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 22.9% on a year-on-year (YoY) basis. The expenses were down by 20.6% YoY during the same period.
  • The company's operating profit declined by 40.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.3% in 3QFY19 as against 12.0% in 3QFY18.
  • Depreciation charges increased by 6.7% and finance costs declined by 20.5% YoY, respectively.
  • Other income declined by 4.6% YoY during the quarter.
  • Net profit for the quarter declined by 53.6% YoY. Net profit margins during the quarter declined from 3.9% in 3QFY18 to 2.4% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 9.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.3% QoQ during the same period.
  • The company's operating profit declined by 23.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.3% in 3QFY19 as against 11.1% in 2QFY18.
  • Net profit for the quarter declined by 54.6% QoQ, while net profit margins declined from 4.7% in 2QFY18 to 2.4% in 3QFY19.

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 50.3 to Rs 17.8, registering a Loss of Rs 32.5 or around 64.6%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,733.0 (down 0.6%). Over the last one year it has moved down from 2,501.4 to 1,733.0, a gain of 768 points (down 30.7%).

Overall, the S&P BSE SENSEX is up 4.3% over the year.

Current Valuations

At the current price of Rs 17.8, the price to earnings (P/E) ratio of BL KASHYAP & SONS stands at 7.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.7 times.

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