BL KASHYAP & SONS Announces Quarterly Results (4QFY19); Net Profit Down 147.4%

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BL KASHYAP & SONS Announces Quarterly Results (4QFY19); Net Profit Down 147.4%
Thu, 13 Jun

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

BL KASHYAP & SONS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m2,3981,8711,506-19.5%-37.2%
Other incomeRs m3313628-21.8%-91.6%
TurnoverRs m2,7291,9061,534-19.5%-43.8%
ExpensesRs m2,2661,6961,554-8.3%-31.4%
Gross profitRs m132175-48-127.5%-136.5%
DepreciationRs m202826-4.5%28.7%
InterestRs m158116115-0.9%-27.1%
Profit before taxRs m28567-162-341.2%-156.7%
TaxRs m2522-38-273.3%-254.6%
Profit after taxRs m26045-123-374.6%-147.4%
Gross profit margin%5.59.3-3.2
Effective tax rate%8.732.923.7
Net profit margin%9.52.4-8.0
* 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 37.2% on a year-on-year (YoY) basis. The expenses were down by 31.4% YoY during the same period.
  • The company's operating profit declined by 136.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.2% in 4QFY19 as against 5.5% in 4QFY18.
  • Depreciation charges increased by 28.7% and finance costs declined by 27.1% YoY, respectively.
  • Other income declined by 91.6% YoY during the quarter.
  • Net profit for the quarter declined by 147.4% YoY. Net profit margins during the quarter declined from 9.5% in 4QFY18 to -8.0% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 19.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 8.3% QoQ during the same period.
  • The company's operating profit declined by 127.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.2% in 4QFY19 as against 9.3% in 3QFY18.
  • Net profit for the quarter declined by 374.6% QoQ, while net profit margins declined from 2.4% in 3QFY18 to -8.0% in 4QFY19.

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 41.6 to Rs 12.8, registering a Loss of Rs 28.8 or around 69.3%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,131.1 (up 0.3%). Over the last one year it has moved down from 2,211.8 to 2,131.1, a gain of 81 points (down 3.6%).

Overall, the S&P BSE SENSEX is up 10.8% over the year.

Current Valuations

At the current price of Rs 12.8, the price to earnings (P/E) ratio of BL KASHYAP & SONS stands at 18.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.5 times.

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