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

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COROMANDEL INTERN. Announces Quarterly Results (4QFY20); Net Profit Up 105.2%
Fri, 29 May

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

COROMANDEL INTERN. Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m26,38332,78728,693-12.5%8.8%
Other incomeRs m869111526.7%33.4%
TurnoverRs m26,47032,87728,808-12.4%8.8%
ExpensesRs m23,79428,46724,786-12.9%4.2%
Gross profitRs m2,5904,3203,907-9.6%50.9%
DepreciationRs m35140845110.4%28.4%
InterestRs m653459434-5.4%-33.5%
Profit before taxRs m1,6723,5443,137-11.5%87.6%
TaxRs m533899800-11.1%49.9%
Profit after taxRs m1,1392,6442,338-11.6%105.2%
Gross profit margin%9.813.213.6
Effective tax rate%31.925.425.5
Net profit margin%4.38.08.1
* 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 grew 8.8% on a year-on-year (YoY) basis. The expenses were up by 4.2% YoY during the same period.
  • The company's operating profit increased by 50.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.6% in 4QFY20 as against 9.8% in 4QFY19.
  • Depreciation charges increased by 28.4% and finance costs declined by 33.5% YoY, respectively.
  • Other income increased by 33.4% YoY during the quarter.
  • Net profit for the quarter increased by 105.2% YoY. Net profit margins during the quarter increased from 4.3% in 4QFY19 to 8.1% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 12.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 12.9% QoQ during the same period.
  • The company's operating profit declined by 9.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.6% in 4QFY20 as against 13.2% in 3QFY19.
  • Net profit for the quarter declined by 11.6% QoQ, while net profit margins increased from 8.0% in 3QFY19 to 8.1% in 4QFY20.

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 434.1 to Rs 654.5, registering a Gain of Rs 220.4 or around 50.8%.

Overall, the S&P BSE SENSEX is down 19.1% over the year.

Current Valuations

At the current price of Rs 654.5, the price to earnings (P/E) ratio of COROMANDEL INTERN. stands at 17.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.7 times.

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Related Views on News

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.

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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