CEAT LTD. Announces Quarterly Results (1QFY20); Net Profit Up 15.5%

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Markets will remain closed on 21st October 2019, due to Assembly Elections in Maharashtra.

CEAT LTD. Announces Quarterly Results (1QFY20); Net Profit Up 15.5%
Fri, 2 Aug

CEAT LTD. has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

CEAT LTD. Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m17,06317,60517,521-0.5%2.7%
Other incomeRs m37306120-61.0%225.6%
TurnoverRs m17,10017,91117,641-1.5%3.2%
ExpensesRs m15,30515,98115,850-0.8%3.6%
Gross profitRs m1,7351,2181,66536.7%-4.0%
DepreciationRs m46050864426.8%40.0%
InterestRs m20426934929.6%71.2%
Profit before taxRs m1,1087487925.9%-28.6%
TaxRs m44213722-83.8%-95.0%
Profit after taxRs m66661177026.0%15.5%
Gross profit margin%10.26.99.5
Effective tax rate%39.918.32.8
Net profit margin%3.93.44.4
* 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 grew 2.7% on a year-on-year (YoY) basis. The expenses were up by 3.6% YoY during the same period.
  • The company's operating profit declined by 4.0% YoY during the quarter. Consequently, operating profit margins remained same and stood at 9.5% in 1QFY20.
  • Depreciation charges increased by 40.0% and finance costs increased by 71.2% YoY, respectively.
  • Other income increased by 225.6% YoY during the quarter.
  • Net profit for the quarter increased by 15.5% YoY. Net profit margins during the quarter increased from 3.9% in 1QFY19 to 4.4% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.8% QoQ during the same period.
  • The company's operating profit increased by 36.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.5% in 1QFY20 as against 6.9% in 4QFY19.
  • Net profit for the quarter increased by 26.0% QoQ, while net profit margins increased from 3.4% in 4QFY19 to 4.4% in 1QFY20.

To see how CEAT LTD. has performed over the last eight quarters,please visit here.

CEAT LTD. Share Price Performance

Over the last one year,CEAT LTD. share price has moved down from Rs 1,400.6 to Rs 811.5, registering a Loss of Rs 589.1 or around 42.1%.

Overall, the S&P BSE SENSEX is down 2.3% over the year.

Current Valuations

At the current price of Rs 811.5, the price to earnings (P/E) ratio of CEAT LTD. stands at 13.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.3 times.

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CEAT LTD. Announces Quarterly Results (4QFY19); Net Profit Down 20.5% (Quarterly Result Update)

May 8, 2019 | Updated on May 8, 2019

For the quarter ended March 2019, CEAT LTD. has posted a net profit of Rs 611 m (down 20.5% YoY). Sales on the other hand came in at Rs 18 bn (up 5.2% YoY). Read on for a complete analysis of CEAT LTD.'s quarterly results.

CEAT LTD. Announces Quarterly Results (3QFY19); Net Profit Down 44.0% (Quarterly Result Update)

Jan 29, 2019 | Updated on Jan 29, 2019

For the quarter ended December 2018, CEAT LTD. has posted a net profit of Rs 459 m (down 44.0% YoY). Sales on the other hand came in at Rs 17 bn (up 8.9% YoY). Read on for a complete analysis of CEAT LTD.'s quarterly results.

CEAT LTD. 2017-18 Annual Report Analysis (Annual Result Update)

Aug 21, 2018 | Updated on Aug 21, 2018

Here's an analysis of the annual report of CEAT LTD. for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of CEAT LTD.. Also includes updates on the valuation of CEAT LTD..

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