COROMANDEL INTERN. Announces Quarterly Results (1QFY20); Net Profit Down 30.8%

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COROMANDEL INTERN. Announces Quarterly Results (1QFY20); Net Profit Down 30.8%
Tue, 23 Jul

COROMANDEL INTERN. has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

COROMANDEL INTERN. Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m25,28526,38321,307-19.2%-15.7%
Other incomeRs m888610015.5%12.7%
TurnoverRs m25,37326,47021,407-19.1%-15.6%
ExpensesRs m23,14623,79419,354-18.7%-16.4%
Gross profitRs m2,1392,5901,953-24.6%-8.7%
DepreciationRs m256351305-13.1%19.2%
InterestRs m64465379621.9%23.5%
Profit before taxRs m1,3281,672952-43.1%-28.3%
TaxRs m423533326-38.9%-22.9%
Profit after taxRs m9051,139626-45.1%-30.8%
Gross profit margin%8.59.89.2
Effective tax rate%31.831.934.3
Net profit margin%3.64.32.9
* 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 15.7% on a year-on-year (YoY) basis. The expenses were down by 16.4% YoY during the same period.
  • The company's operating profit declined by 8.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.2% in 1QFY20 as against 8.5% in 1QFY19.
  • Depreciation charges increased by 19.2% and finance costs increased by 23.5% YoY, respectively.
  • Other income increased by 12.7% YoY during the quarter.
  • Net profit for the quarter declined by 30.8% YoY. Net profit margins during the quarter declined from 3.6% in 1QFY19 to 2.9% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 19.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 18.7% QoQ during the same period.
  • The company's operating profit declined by 24.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.2% in 1QFY20 as against 9.8% in 4QFY19.
  • Net profit for the quarter declined by 45.1% QoQ, while net profit margins declined from 4.3% in 4QFY19 to 2.9% in 1QFY20.

To see how COROMANDEL INTERN. has performed over the last eight quarters,please visit here.

COROMANDEL INTERN. Share Price Performance

Over the last one year,COROMANDEL INTERN. share price has moved down from Rs 401.3 to Rs 367.0, registering a Loss of Rs 34.3 or around 8.5%.

Overall, the S&P BSE SENSEX is up 3.7% over the year.

Current Valuations

At the current price of Rs 367.0, the price to earnings (P/E) ratio of COROMANDEL INTERN. stands at 15.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.4 times.

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Related Views on News

COROMANDEL INTERN. Announces Quarterly Results (4QFY20); Net Profit Up 105.2% (Quarterly Result Update)

May 29, 2020 | Updated on May 29, 2020

For the quarter ended March 2020, COROMANDEL INTERN. has posted a net profit of Rs 2 bn (up 105.2% YoY). Sales on the other hand came in at Rs 29 bn (up 8.8% YoY). Read on for a complete analysis of COROMANDEL INTERN.'s quarterly results.

COROMANDEL INTERN. Announces Quarterly Results (3QFY20); Net Profit Up 72.9% (Quarterly Result Update)

Feb 3, 2020 | Updated on Feb 3, 2020

For the quarter ended December 2019, COROMANDEL INTERN. has posted a net profit of Rs 3 bn (up 72.9% YoY). Sales on the other hand came in at Rs 33 bn (up 7.5% YoY). Read on for a complete analysis of COROMANDEL INTERN.'s quarterly results.

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