CASTROL INDIA Announces Quarterly Results (2QFY19); Net Profit Down 15.6%

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CASTROL INDIA Announces Quarterly Results (2QFY19); Net Profit Down 15.6%
Tue, 6 Nov

CASTROL INDIA has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

CASTROL INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m8,61410,1729,269-8.9%7.6%
Other incomeRs m3331731867.5%-44.1%
TurnoverRs m8,94710,3459,455-8.6%5.7%
ExpensesRs m6,0787,6556,995-8.6%15.1%
Gross profitRs m2,5362,5172,274-9.7%-10.3%
DepreciationRs m1111321352.3%21.6%
InterestRs m23-2-166.7%-200.0%
Profit before taxRs m2,7562,5552,327-8.9%-15.6%
TaxRs m974913823-9.9%-15.5%
Profit after taxRs m1,7821,6421,504-8.4%-15.6%
Gross profit margin%29.424.724.5
Effective tax rate%35.335.735.4
Net profit margin%19.915.915.9
* 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 grew 7.6% on a year-on-year (YoY) basis. The expenses were up by 15.1% YoY during the same period.
  • The company's operating profit declined by 10.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 24.5% in 2QFY19 as against 29.4% in 2QFY18.
  • Depreciation charges increased by 21.6% and finance costs declined by 200.0% YoY, respectively.
  • Other income declined by 44.1% YoY during the quarter.
  • Net profit for the quarter declined by 15.6% YoY. Net profit margins during the quarter declined from 19.9% in 2QFY18 to 15.9% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 8.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 8.6% QoQ during the same period.
  • The company's operating profit declined by 9.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 24.5% in 2QFY19 as against 24.7% in 1QFY18.
  • Net profit for the quarter declined by 8.4% QoQ, while net profit margins increased from 15.9% in 1QFY18 to 15.9% in 2QFY19.

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

CASTROL INDIA Share Price Performance

Over the last one year, CASTROL INDIA share price has moved up from Rs 210.2 to Rs 146.8, registering a Loss of Rs 63.4 or around 30.2%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 13,507.5 (up 0.3%). Over the last one year it has moved down from 16,527.8 to 13,507.5, a gain of 3,020 points (down 18.3%).

Overall, the S&P BSE SENSEX is up 4.0% over the year.

Current Valuations

At the current price of Rs 146.8, the price to earnings (P/E) ratio of CASTROL INDIA stands at 20.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 14.2 times.

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