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CEAT LTD. Announces Quarterly Results (2QFY19); Net Profit Down 13.9%

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CEAT LTD. Announces Quarterly Results (2QFY19); Net Profit Down 13.9%
Fri, 9 Nov

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

CEAT LTD. Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m15,23017,06317,5462.8%15.2%
Other incomeRs m653733-10.9%-49.3%
TurnoverRs m15,29517,10017,5792.8%14.9%
ExpensesRs m13,48415,30515,9544.2%18.3%
Gross profitRs m1,6671,7351,573-9.4%-5.7%
DepreciationRs m4094604773.7%16.6%
InterestRs m237204186-8.8%-21.5%
Profit before taxRs m1,0861,108943-15.0%-13.2%
TaxRs m421442370-16.3%-12.0%
Profit after taxRs m665666573-14.1%-13.9%
Gross profit margin%10.910.29.0
Effective tax rate%38.739.939.3
Net profit margin%4.33.93.3
* 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 15.2% on a year-on-year (YoY) basis. The expenses were up by 18.3% YoY during the same period.
  • The company's operating profit declined by 5.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.0% in 2QFY19 as against 10.9% in 2QFY18.
  • Depreciation charges increased by 16.6% and finance costs declined by 21.5% YoY, respectively.
  • Other income declined by 49.3% YoY during the quarter.
  • Net profit for the quarter declined by 13.9% YoY. Net profit margins during the quarter declined from 4.3% in 2QFY18 to 3.3% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.2% QoQ during the same period.
  • The company's operating profit declined by 9.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.0% in 2QFY19 as against 10.2% in 1QFY18.
  • Net profit for the quarter declined by 14.1% QoQ, while net profit margins declined from 3.9% in 1QFY18 to 3.3% in 2QFY19.

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 up from Rs 1,712.6 to Rs 1,211.4, registering a Loss of Rs 501.2 or around 29.3%.

Overall, the S&P BSE SENSEX is up 5.3% over the year.

Current Valuations

At the current price of Rs 1,211.4, the price to earnings (P/E) ratio of CEAT LTD. stands at 17.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.9 times.

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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.

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CEAT LTD. Announces Quarterly Results (1QFY19); Net Profit Down 3021.9% (Quarterly Result Update)

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For the quarter ended June 2018, CEAT LTD. has posted a net profit of Rs 666 m (down 3021.9% YoY). Sales on the other hand came in at Rs 17 bn (up 4.8% YoY). Read on for a complete analysis of CEAT LTD.'s quarterly results.

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