CONTAINER CORPORATION Announces Quarterly Results (3QFY20); Net Profit Down 36.1%

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CONTAINER CORPORATION Announces Quarterly Results (3QFY20); Net Profit Down 36.1%
Mon, 10 Feb

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

CONTAINER CORPORATION Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m16,57117,38715,276-12.1%-7.8%
Other incomeRs m741637626-1.6%-15.5%
TurnoverRs m17,31218,02315,902-11.8%-8.1%
ExpensesRs m12,38713,13211,559-12.0%-6.7%
Gross profitRs m4,184-4,3563,717-11.2%
DepreciationRs m1,0591,2781,263-1.2%19.2%
InterestRs m08160-26.6%29700.0%
Profit before taxRs m3,866-5,0783,021-21.9%
TaxRs m1,119-1,8581,26613.1%
Profit after taxRs m2,747-3,2201,755-36.1%
Gross profit margin%25.2-25.124.3
Effective tax rate%28.936.641.9
Net profit margin%15.9-17.911.0
* 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 7.8% on a year-on-year (YoY) basis. The expenses were down by 6.7% YoY during the same period.
  • The company's operating profit declined by 11.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 24.3% in 3QFY20 as against 25.2% in 3QFY19.
  • Depreciation charges increased by 19.2% and finance costs increased by 29700.0% YoY, respectively.
  • Other income declined by 15.5% YoY during the quarter.
  • Net profit for the quarter declined by 36.1% YoY. Net profit margins during the quarter declined from 15.9% in 3QFY19 to 11.0% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 12.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 12.0% QoQ during the same period.
  • The company's operating profit declined by 185.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 24.3% in 3QFY20 as against 25.1% in 2QFY19.
  • Net profit for the quarter increased by 154.5% QoQ, while net profit margins increased from -17.9% in 2QFY19 to 11.0% in 3QFY20.

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

Revealed: Top 3 Stocks for 2020 and Beyond

CONTAINER CORPORATION Share Price Performance

Over the last one year,CONTAINER CORPORATION share price has moved up from Rs 510.6 to Rs 569.9, registering a Gain of Rs 59.3 or around 11.6%.

Overall, the S&P BSE SENSEX is up 10.5% over the year.

Current Valuations

At the current price of Rs 569.9, the price to earnings (P/E) ratio of CONTAINER CORPORATION stands at 80.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.4 times.

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