CONTAINER CORPORATION Announces Quarterly Results (2QFY20); Net Profit Down 195.8%

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CONTAINER CORPORATION Announces Quarterly Results (2QFY20); Net Profit Down 195.8%
Tue, 5 Nov

CONTAINER CORPORATION has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

CONTAINER CORPORATION Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m18,22316,38917,3876.1%-4.6%
Other incomeRs m6925836379.3%-8.0%
TurnoverRs m18,91516,97218,0236.2%-4.7%
ExpensesRs m13,18112,35713,1326.3%-0.4%
Gross profitRs m5,0424,033-4,356-208.0%-186.4%
DepreciationRs m1,0481,2531,2782.0%22.0%
InterestRs m011281-27.7%40500.0%
Profit before taxRs m4,6863,250-5,078-256.3%-208.4%
TaxRs m1,326971-1,858-291.3%-240.2%
Profit after taxRs m3,3612,278-3,220-241.3%-195.8%
Gross profit margin%27.724.6-25.1
Effective tax rate%28.329.936.6
Net profit margin%17.813.4-17.9
* 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 4.6% on a year-on-year (YoY) basis. The expenses were down by 0.4% YoY during the same period.
  • The company's operating profit declined by 186.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 25.1% in 2QFY20 as against 27.7% in 2QFY19.
  • Depreciation charges increased by 22.0% and finance costs increased by 40500.0% YoY, respectively.
  • Other income declined by 8.0% YoY during the quarter.
  • Net profit for the quarter declined by 195.8% YoY. Net profit margins during the quarter declined from 17.8% in 2QFY19 to -17.9% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 6.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.3% QoQ during the same period.
  • The company's operating profit declined by 208.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 25.1% in 2QFY20 as against 24.6% in 1QFY19.
  • Net profit for the quarter declined by 241.3% QoQ, while net profit margins declined from 13.4% in 1QFY19 to -17.9% in 2QFY20.

To see how CONTAINER CORPORATION has performed over the last eight quarters,please visit here.

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CONTAINER CORPORATION Share Price Performance

Over the last one year,CONTAINER CORPORATION share price has moved up from Rs 522.6 to Rs 581.3, registering a Gain of Rs 58.6 or around 11.2%.

Overall, the S&P BSE SENSEX is up 15.4% over the year.

Current Valuations

At the current price of Rs 581.3, the price to earnings (P/E) ratio of CONTAINER CORPORATION stands at 66.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.8 times.

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