COROMANDEL INTERN. Announces Quarterly Results (2QFY20); Net Profit Up 37.5%

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?  

COROMANDEL INTERN. Announces Quarterly Results (2QFY20); Net Profit Up 37.5%
Fri, 25 Oct

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

COROMANDEL INTERN. Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m50,08321,30748,580128.0%-3.0%
Other incomeRs m9810095-4.6%-3.1%
TurnoverRs m50,18121,40748,675127.4%-3.0%
ExpensesRs m43,42019,35441,450114.2%-4.5%
Gross profitRs m6,4651,9537,130265.1%10.3%
DepreciationRs m26330541736.7%58.7%
InterestRs m696796664-16.6%-4.7%
Profit before taxRs m5,6059526,145545.5%9.6%
TaxRs m1,9443261,110240.4%-42.9%
Profit after taxRs m3,6606265,035704.5%37.5%
Gross profit margin%12.99.214.7
Effective tax rate%34.734.318.1
Net profit margin%7.32.910.3
* 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 3.0% on a year-on-year (YoY) basis. The expenses were down by 4.5% YoY during the same period.
  • The company's operating profit increased by 10.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.7% in 2QFY20 as against 12.9% in 2QFY19.
  • Depreciation charges increased by 58.7% and finance costs declined by 4.7% YoY, respectively.
  • Other income declined by 3.1% YoY during the quarter.
  • Net profit for the quarter increased by 37.5% YoY. Net profit margins during the quarter increased from 7.3% in 2QFY19 to 10.3% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 128.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 114.2% QoQ during the same period.
  • The company's operating profit increased by 265.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.7% in 2QFY20 as against 9.2% in 1QFY19.
  • Net profit for the quarter increased by 704.5% QoQ, while net profit margins increased from 2.9% in 1QFY19 to 10.3% in 2QFY20.

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

FREE Event: The Great Indian Wealth Project

COROMANDEL INTERN. Share Price Performance

Over the last one year,COROMANDEL INTERN. share price has moved up from Rs 380.1 to Rs 471.3, registering a Gain of Rs 91.2 or around 24.0%.

Overall, the S&P BSE SENSEX is up 14.6% over the year.

Current Valuations

At the current price of Rs 471.3, the price to earnings (P/E) ratio of COROMANDEL INTERN. stands at 16.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.1 times.

Equitymaster requests your view! Post a comment on "COROMANDEL INTERN. Announces Quarterly Results (2QFY20); Net Profit Up 37.5%". Click here!

  

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.

More Views on News

Most Popular

The Next Smallcap Winners(Profit Hunter)

Apr 30, 2021

Price is the only due diligence one might require to buy this business.

Time to Buy Smallcaps?(Fast Profits Daily)

Apr 30, 2021

In this video, I'll show you why I favour smallcaps over the Nifty.

Sell in May and Go Away?(Fast Profits Daily)

Apr 28, 2021

Does the concept of selling stocks in the month of May, work in the Indian market?

Are the Stock Markets Deaf to Covid Agony?(Profit Hunter)

May 6, 2021

Why are markets discounting the economic impact of Covid?

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

COROMANDEL INTERN SHARE PRICE


May 11, 2021 (Close)

TRACK COROMANDEL INTERN

  • Track your investment in COROMANDEL INTERN with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON COROMANDEL INTERN

COROMANDEL INTERN - TATA CHEMICALS COMPARISON

COMPARE COROMANDEL INTERN WITH

MARKET STATS