CASTROL INDIA Announces Quarterly Results (1QFY21); Net Profit Down 64.2%

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CASTROL INDIA Announces Quarterly Results (1QFY21); Net Profit Down 64.2%
Wed, 26 Aug

CASTROL INDIA has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

CASTROL INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m10,3966,8804,906-28.7%-52.8%
Other incomeRs m159198152-23.2%-4.4%
TurnoverRs m10,5557,0785,058-28.5%-52.1%
ExpensesRs m7,5535,1503,953-23.2%-47.7%
Gross profitRs m2,8431,730953-44.9%-66.5%
DepreciationRs m166222206-7.2%24.1%
InterestRs m3111427.3%366.7%
Profit before taxRs m2,8331,695885-47.8%-68.8%
TaxRs m1,006443231-47.9%-77.0%
Profit after taxRs m1,8271,252654-47.8%-64.2%
Gross profit margin%27.325.119.4
Effective tax rate%35.526.126.1
Net profit margin%17.317.712.9
* 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 52.8% on a year-on-year (YoY) basis. The expenses were down by 47.7% YoY during the same period.
  • The company's operating profit declined by 66.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.4% in 1QFY21 as against 27.3% in 1QFY20.
  • Depreciation charges increased by 24.1% and finance costs increased by 366.7% YoY, respectively.
  • Other income declined by 4.4% YoY during the quarter.
  • Net profit for the quarter declined by 64.2% YoY. Net profit margins during the quarter declined from 17.3% in 1QFY20 to 12.9% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 28.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 23.2% QoQ during the same period.
  • The company's operating profit declined by 44.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.4% in 1QFY21 as against 25.1% in 4QFY20.
  • Net profit for the quarter declined by 47.8% QoQ, while net profit margins declined from 17.7% in 4QFY20 to 12.9% in 1QFY21.

To see how CASTROL INDIA has performed over the last eight quarters,please visit here.

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CASTROL INDIA Share Price Performance

Over the last one year,CASTROL INDIA share price has moved up from Rs 121.9 to Rs 123.0, registering a Gain of Rs 1.1 or around 0.9%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 13,362.6 (up 0.2%). Over the last one year it has moved up from 13,004.8 to 13,362.6, a gain of 358 points (up 2.8%).

Overall, the S&P BSE SENSEX is up 3.7% over the year.

Current Valuations

At the current price of Rs 123.0, the price to earnings (P/E) ratio of CASTROL INDIA stands at 18.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 10.4 times.

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