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

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COROMANDEL INTERN. Announces Quarterly Results (3QFY20); Net Profit Up 72.9%
Mon, 3 Feb

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

COROMANDEL INTERN. Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m30,49548,58032,787-32.5%7.5%
Other incomeRs m989591-4.4%-7.5%
TurnoverRs m30,59348,67532,877-32.5%7.5%
ExpensesRs m27,45641,45028,467-31.3%3.7%
Gross profitRs m3,0357,1304,320-39.4%42.3%
DepreciationRs m269417408-2.1%51.6%
InterestRs m514664459-30.8%-10.6%
Profit before taxRs m2,3506,1453,544-42.3%50.8%
TaxRs m8211,110899-19.0%9.6%
Profit after taxRs m1,5295,0352,644-47.5%72.9%
Gross profit margin%10.014.713.2
Effective tax rate%34.918.125.4
Net profit margin%5.010.38.0
* 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 grew 7.5% on a year-on-year (YoY) basis. The expenses were up by 3.7% YoY during the same period.
  • The company's operating profit increased by 42.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.2% in 3QFY20 as against 10.0% in 3QFY19.
  • Depreciation charges increased by 51.6% and finance costs declined by 10.6% YoY, respectively.
  • Other income declined by 7.5% YoY during the quarter.
  • Net profit for the quarter increased by 72.9% YoY. Net profit margins during the quarter increased from 5.0% in 3QFY19 to 8.0% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 32.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 31.3% QoQ during the same period.
  • The company's operating profit declined by 39.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.2% in 3QFY20 as against 14.7% in 2QFY19.
  • Net profit for the quarter declined by 47.5% QoQ, while net profit margins declined from 10.3% in 2QFY19 to 8.0% in 3QFY20.

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

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COROMANDEL INTERN. Share Price Performance

Over the last one year,COROMANDEL INTERN. share price has moved up from Rs 455.1 to Rs 621.0, registering a Gain of Rs 166.0 or around 36.5%.

Overall, the S&P BSE SENSEX is up 9.5% over the year.

Current Valuations

At the current price of Rs 621.0, the price to earnings (P/E) ratio of COROMANDEL INTERN. stands at 19.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.4 times.

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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 (2QFY20); Net Profit Up 37.5% (Quarterly Result Update)

Oct 25, 2019 | Updated on Oct 25, 2019

For the quarter ended September 2019, COROMANDEL INTERN. has posted a net profit of Rs 5 bn (up 37.5% YoY). Sales on the other hand came in at Rs 49 bn (down 3.0% YoY). Read on for a complete analysis of COROMANDEL INTERN.'s quarterly results.

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