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

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Markets will remain closed on 14th April, 2021 on account of Dr. Baba Saheb Ambedkar Jayanti.

BLUE STAR Announces Quarterly Results (4QFY20); Net Profit Down 89.2%
Thu, 14 May

BLUE STAR has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:

BLUE STAR Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m15,95812,35912,9945.1%-18.6%
Other incomeRs m6161644.3%5.0%
TurnoverRs m16,01912,42013,0575.1%-18.5%
ExpensesRs m14,86411,78912,6207.1%-15.1%
Gross profitRs m1,068553366-33.8%-65.8%
DepreciationRs m2372232376.1%0.1%
InterestRs m1107669-8.6%-37.3%
Profit before taxRs m782315123-60.9%-84.2%
TaxRs m712040-67.0%498.5%
Profit after taxRs m77619584-57.1%-89.2%
Gross profit margin%6.74.52.8
Effective tax rate%0.838.032.0
Net profit margin%4.81.60.6
* 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 fell 18.6% on a year-on-year (YoY) basis. The expenses were down by 15.1% YoY during the same period.
  • The company's operating profit declined by 65.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2.8% in 4QFY20 as against 6.7% in 4QFY19.
  • Depreciation charges increased by 0.1% and finance costs declined by 37.3% YoY, respectively.
  • Other income increased by 5.0% YoY during the quarter.
  • Net profit for the quarter declined by 89.2% YoY. Net profit margins during the quarter declined from 4.8% in 4QFY19 to 0.6% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 5.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.1% QoQ during the same period.
  • The company's operating profit declined by 33.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2.8% in 4QFY20 as against 4.5% in 3QFY19.
  • Net profit for the quarter declined by 57.1% QoQ, while net profit margins declined from 1.6% in 3QFY19 to 0.6% in 4QFY20.

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

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BLUE STAR Share Price Performance

Over the last one year,BLUE STAR share price has moved down from Rs 744.7 to Rs 470.2, registering a Loss of Rs 274.5 or around 36.9%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 11,568.1 (down 1.1%). Over the last one year it has moved down from 17,544.1 to 11,568.1, a loss of 5,976 points (down 34.1%).

Overall, the S&P BSE SENSEX is down 15.0% over the year.

Current Valuations

At the current price of Rs 470.2, the price to earnings (P/E) ratio of BLUE STAR stands at 30.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.8 times.

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