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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.
Get Details: These 3 Stocks are the Dark Horses of the Stock Market
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. 2019-20 Annual Report Analysis (Annual Result Update)
Oct 26, 2020 | Updated on Oct 26, 2020Here's an analysis of the annual report of CEAT. for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of CEAT.. Also includes updates on the valuation of CEAT..
CEAT LTD. Announces Quarterly Results (1QFY21); Net Profit Down 150.3% (Quarterly Result Update)
Aug 25, 2020 | Updated on Aug 25, 2020For the quarter ended June 2020, CEAT LTD. has posted a net profit of Rs 387 m (down 150.3% YoY). Sales on the other hand came in at Rs 11 bn (down 36.1% YoY). Read on for a complete analysis of CEAT LTD.'s quarterly results.
CEAT LTD. Announces Quarterly Results (4QFY20); Net Profit Down 19.4% (Quarterly Result Update)
May 29, 2020 | Updated on May 29, 2020For the quarter ended March 2020, CEAT LTD. has posted a net profit of Rs 492 m (down 19.4% YoY). Sales on the other hand came in at Rs 16 bn (down 10.6% YoY). Read on for a complete analysis of CEAT LTD.'s quarterly results.
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