BLUE STAR Announces Quarterly Results (3QFY20); Net Profit Up 48.5%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

BLUE STAR Announces Quarterly Results (3QFY20); Net Profit Up 48.5%
Sat, 1 Feb

BLUE STAR has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

BLUE STAR Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m10,99012,49512,359-1.1%12.5%
Other incomeRs m10410661-42.5%-41.3%
TurnoverRs m11,09312,60112,420-1.4%12.0%
ExpensesRs m10,56611,75911,7890.3%11.6%
Gross profitRs m351717553-22.9%57.4%
DepreciationRs m1832162233.2%22.4%
InterestRs m131687611.2%-42.4%
Profit before taxRs m141539315-41.5%122.8%
TaxRs m10169120-29.1%1109.1%
Profit after taxRs m132370195-47.2%48.5%
Gross profit margin%3.25.74.5
Effective tax rate%7.031.338.0
Net profit margin%1.22.91.6
* 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 grew 12.5% on a year-on-year (YoY) basis. The expenses were up by 11.6% YoY during the same period.
  • The company's operating profit increased by 57.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 4.5% in 3QFY20 as against 3.2% in 3QFY19.
  • Depreciation charges increased by 22.4% and finance costs declined by 42.4% YoY, respectively.
  • Other income declined by 41.3% YoY during the quarter.
  • Net profit for the quarter increased by 48.5% YoY. Net profit margins during the quarter increased from 1.2% in 3QFY19 to 1.6% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.3% QoQ during the same period.
  • The company's operating profit declined by 22.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.5% in 3QFY20 as against 5.7% in 2QFY19.
  • Net profit for the quarter declined by 47.2% QoQ, while net profit margins declined from 2.9% in 2QFY19 to 1.6% in 3QFY20.

To see how BLUE STAR has performed over the last eight quarters,please visit here.

The Instant Income Summit: India's #1 trader reveals his secret

BLUE STAR Share Price Performance

Over the last one year,BLUE STAR share price has moved up from Rs 601.8 to Rs 835.0, registering a Gain of Rs 233.2 or around 38.8%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,595.8 (up 0.8%). Over the last one year it has moved up from 17,463.0 to 17,595.8, a gain of 133 points (up 0.8%).

Overall, the S&P BSE SENSEX is up 12.5% over the year.

Current Valuations

At the current price of Rs 835.0, the price to earnings (P/E) ratio of BLUE STAR stands at 35.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.6 times.

Equitymaster requests your view! Post a comment on "BLUE STAR Announces Quarterly Results (3QFY20); Net Profit Up 48.5%". Click here!

  

Related Views on News

BLUE STAR Announces Quarterly Results (4QFY20); Net Profit Down 89.2% (Quarterly Result Update)

May 14, 2020 | Updated on May 14, 2020

For the quarter ended March 2020, BLUE STAR has posted a net profit of Rs 84 m (down 89.2% YoY). Sales on the other hand came in at Rs 13 bn (down 18.6% YoY). Read on for a complete analysis of BLUE STAR's quarterly results.

BLUE STAR 2018-19 Annual Report Analysis (Annual Result Update)

Sep 30, 2019 | Updated on Sep 30, 2019

Here's an analysis of the annual report of BLUE STAR for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of BLUE STAR. Also includes updates on the valuation of BLUE STAR.

BLUE STAR Announces Quarterly Results (1QFY20); Net Profit Down 17.7% (Quarterly Result Update)

Aug 27, 2019 | Updated on Aug 27, 2019

For the quarter ended June 2019, BLUE STAR has posted a net profit of Rs 754 m (down 17.7% YoY). Sales on the other hand came in at Rs 16 bn (up 4.4% YoY). Read on for a complete analysis of BLUE STAR's quarterly results.

More Views on News

Most Popular

How to Find the Best Stocks for Day Trading - 1(Fast Profits Daily)

Jul 2, 2020

In the first of two videos, I'll show you how to identify the best stocks for intraday trading.

Be Prepared to Profit from the Coming Crash in Oil Prices(Fast Profits Daily)

Jun 25, 2020

The stability in crude oil prices will not last much longer. Be ready to make fast profits when the time comes to short crude.

Two Agri Stocks Are Likely to Outperform Even in this Market(Profit Hunter)

Jul 2, 2020

Why we have recommended two agriculture stocks for our Hidden Treasure subscribers. Read on...

Tata Motors Tripled in 18 Months but You Can Do Even Better. Here's How...(Profit Hunter)

Jun 24, 2020

Rahul is ready for a repeat of his famous 2008 Tata Motors call.

More

India's #1 Trader
Reveals His Secrets

The Secret to Increasing Your Trading Profits Today
Get this Special Report, The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

BLUE STAR SHARE PRICE


Jul 6, 2020 (Close)

TRACK BLUE STAR

  • Track your investment in BLUE STAR with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

BLUE STAR - KENNAMETAL INDIA COMPARISON

COMPARE BLUE STAR WITH

MARKET STATS