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

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

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.

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 1,000.4 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.

Equitymaster requests your view! Post a comment on "CEAT LTD. Announces Quarterly Results (4QFY20); Net Profit Down 19.4%". Click here!

  

Related Views on News

CEAT. 2019-20 Annual Report Analysis (Annual Result Update)

Oct 26, 2020 | Updated on Oct 26, 2020

Here'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, 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.

More Views on News

Most Popular

My Top Stock Recommendation for 2021 and Beyond(Profit Hunter)

Jan 5, 2021

My new guide will show you the huge potential in future proof businesses.

'Essential' Smallcap Stock Recommendations(Profit Hunter)

Jan 8, 2021

The smallcap rally has enough steam left in it. If you haven't joined yet, it is still not too late.

Is Nifty Forming a Top(Fast Profits Daily)

Jan 8, 2021

The charts are telling the bulls to be cautious.

Why Gold Hit Lower Circuit(Fast Profits Daily)

Jan 11, 2021

Were you shocked that bullion prices hit lower circuits on Friday on the MCX? Find out why it happened...

Five Wishes and a Will(The Honest Truth)

Jan 4, 2021

Ajit Dayal on the investing strategy for 2021 and beyond.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

CEAT SHARE PRICE


Jan 15, 2021 (Close)

TRACK CEAT

COMPARE CEAT WITH

MARKET STATS