CEAT LTD. Announces Quarterly Results (4QFY20); Net Profit Down 19.4%

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CEAT LTD. Announces Quarterly Results (4QFY20); Net Profit Down 19.4%
Fri, 29 May

CEAT LTD. has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:

CEAT LTD. Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m17,60517,61815,734-10.7%-10.6%
Other incomeRs m3063635-1.7%-88.5%
TurnoverRs m17,91117,65315,769-10.7%-12.0%
ExpensesRs m15,98115,78613,731-13.0%-14.1%
Gross profitRs m1,2181,8301,722-5.9%41.3%
DepreciationRs m5087057455.6%46.7%
InterestRs m2693804077.0%51.1%
Profit before taxRs m748780606-22.4%-19.0%
TaxRs m137301114-62.3%-17.0%
Profit after taxRs m6114794922.8%-19.4%
Gross profit margin%6.910.410.9
Effective tax rate%18.338.618.7
Net profit margin%3.42.73.1
* 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 10.6% on a year-on-year (YoY) basis. The expenses were down by 14.1% YoY during the same period.
  • The company's operating profit increased by 41.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.9% in 4QFY20 as against 6.9% in 4QFY19.
  • Depreciation charges increased by 46.7% and finance costs increased by 51.1% YoY, respectively.
  • Other income declined by 88.5% YoY during the quarter.
  • Net profit for the quarter declined by 19.4% YoY. Net profit margins during the quarter declined from 3.4% in 4QFY19 to 3.1% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 10.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 13.0% QoQ during the same period.
  • The company's operating profit declined by 5.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.9% in 4QFY20 as against 10.4% in 3QFY19.
  • Net profit for the quarter increased by 2.8% QoQ, while net profit margins increased from 2.7% in 3QFY19 to 3.1% in 4QFY20.

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 1,000.4 to Rs 799.4, registering a Loss of Rs 201.0 or around 20.1%.

Overall, the S&P BSE SENSEX is down 19.2% over the year.

Current Valuations

At the current price of Rs 799.4, the price to earnings (P/E) ratio of CEAT LTD. stands at 15.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.2 times.

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CEAT LTD. Announces Quarterly Results (1QFY21); Net Profit Down 150.3% (Quarterly Result Update)

Aug 25, 2020 | Updated on Aug 25, 2020

For 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 (3QFY20); Net Profit Up 4.2% (Quarterly Result Update)

Jan 24, 2020 | Updated on Jan 24, 2020

For the quarter ended December 2019, CEAT LTD. has posted a net profit of Rs 479 m (up 4.2% YoY). Sales on the other hand came in at Rs 18 bn (up 2.8% YoY). Read on for a complete analysis of CEAT LTD.'s quarterly results.

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