CASTROL INDIA Announces Quarterly Results (3QFY20); Net Profit Up 28.0%

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CASTROL INDIA Announces Quarterly Results (3QFY20); Net Profit Up 28.0%
Sat, 1 Feb

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

CASTROL INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m10,3348,49210,11819.1%-2.1%
Other incomeRs m25611616239.7%-36.7%
TurnoverRs m10,5908,60810,28019.4%-2.9%
ExpensesRs m7,1606,0476,70610.9%-6.3%
Gross profitRs m3,1742,4453,41239.6%7.5%
DepreciationRs m146186183-1.6%25.3%
InterestRs m3330.0%0.0%
Profit before taxRs m3,2812,3723,38842.8%3.3%
TaxRs m1,16248867538.3%-41.9%
Profit after taxRs m2,1191,8842,71344.0%28.0%
Gross profit margin%30.728.833.7
Effective tax rate%35.420.619.9
Net profit margin%20.021.926.4
* 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 2.1% on a year-on-year (YoY) basis. The expenses were down by 6.3% YoY during the same period.
  • The company's operating profit increased by 7.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 33.7% in 3QFY20 as against 30.7% in 3QFY19.
  • Depreciation charges increased by 25.3% and finance costs increased by 0.0% YoY, respectively.
  • Other income declined by 36.7% YoY during the quarter.
  • Net profit for the quarter increased by 28.0% YoY. Net profit margins during the quarter increased from 20.0% in 3QFY19 to 26.4% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 19.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 10.9% QoQ during the same period.
  • The company's operating profit increased by 39.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 33.7% in 3QFY20 as against 28.8% in 2QFY19.
  • Net profit for the quarter increased by 44.0% QoQ, while net profit margins increased from 21.9% in 2QFY19 to 26.4% in 3QFY20.

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

New Opportunity: India's #1 Defence Stock

CASTROL INDIA Share Price Performance

Over the last one year,CASTROL INDIA share price has moved down from Rs 160.8 to Rs 138.0, registering a Loss of Rs 22.8 or around 14.2%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 14,030.1 (up 0.8%). Over the last one year it has moved up from 13,633.8 to 14,030.1, a gain of 396 points (up 2.9%).

Overall, the S&P BSE SENSEX is up 12.6% over the year.

Current Valuations

At the current price of Rs 138.0, the price to earnings (P/E) ratio of CASTROL INDIA stands at 16.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 11.7 times.

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