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- CEAT LTD. Announces Quarterly Results (2QFY20); Net Profit Down 32.2%
CEAT LTD. Announces Quarterly Results (2QFY20); Net Profit Down 32.2%
Fri, 25 Oct
CEAT LTD. has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:
CEAT LTD. Quarterly Financials
| No. of Mths Qtr. Ending | 3 Sep-18* | 3 Jun-19* | 3 Sep-19* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 17,546 | 17,521 | 16,916 | -3.5% | -3.6% |
| Other income | Rs m | 33 | 120 | 43 | -64.4% | 30.0% |
| Turnover | Rs m | 17,579 | 17,641 | 16,958 | -3.9% | -3.5% |
| Expenses | Rs m | 15,954 | 15,850 | 15,212 | -4.0% | -4.7% |
| Gross profit | Rs m | 1,573 | 1,665 | 1,696 | 1.8% | 7.8% |
| Depreciation | Rs m | 477 | 644 | 671 | 4.1% | 40.7% |
| Interest | Rs m | 186 | 349 | 374 | 7.2% | 101.3% |
| Profit before tax | Rs m | 943 | 792 | 693 | -12.4% | -26.4% |
| Tax | Rs m | 370 | 22 | 305 | 1274.8% | -17.5% |
| Profit after tax | Rs m | 573 | 770 | 388 | -49.6% | -32.2% |
| Gross profit margin | % | 9.0 | 9.5 | 10.0 | ||
| Effective tax rate | % | 39.3 | 2.8 | 44.0 | ||
| Net profit margin | % | 3.3 | 4.4 | 2.3 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter fell 3.6% on a year-on-year (YoY) basis. The expenses were down by 4.7% YoY during the same period.
- The company's operating profit increased by 7.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.0% in 2QFY20 as against 9.0% in 2QFY19.
- Depreciation charges increased by 40.7% and finance costs increased by 101.3% YoY, respectively.
- Other income increased by 30.0% YoY during the quarter.
- Net profit for the quarter declined by 32.2% YoY. Net profit margins during the quarter declined from 3.3% in 2QFY19 to 2.3% in 2QFY20.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter fell 3.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 4.0% QoQ during the same period.
- The company's operating profit increased by 1.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.0% in 2QFY20 as against 9.5% in 1QFY19.
- Net profit for the quarter declined by 49.6% QoQ, while net profit margins declined from 4.4% in 1QFY19 to 2.3% in 2QFY20.
To see how CEAT LTD. has performed over the last eight quarters,please visit here.
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CEAT LTD. Share Price Performance
Over the last one year,CEAT LTD. share price has moved down from Rs 1,019.0 to Rs 950.3, registering a Loss of Rs 68.8 or around 6.7%.
Overall, the S&P BSE SENSEX is up 14.6% over the year.
Current Valuations
At the current price of Rs 950.3, 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 1.5 times.
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CEAT LTD. Announces Quarterly Results (1QFY20); Net Profit Up 15.5% (Quarterly Result Update)
Aug 2, 2019 | Updated on Aug 2, 2019For the quarter ended June 2019, CEAT LTD. has posted a net profit of Rs 770 m (up 15.5% YoY). Sales on the other hand came in at Rs 18 bn (up 2.7% YoY). Read on for a complete analysis of CEAT LTD.'s quarterly results.
CEAT LTD. Announces Quarterly Results (4QFY19); Net Profit Down 20.5% (Quarterly Result Update)
May 8, 2019 | Updated on May 8, 2019For 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. 2017-18 Annual Report Analysis (Annual Result Update)
Aug 21, 2018 | Updated on Aug 21, 2018Here'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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