BALRAMPUR CHINI Announces Quarterly Results (2QFY19); Net Profit Up 10.4%

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BALRAMPUR CHINI Announces Quarterly Results (2QFY19); Net Profit Up 10.4%
Tue, 6 Nov

BALRAMPUR CHINI has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

BALRAMPUR CHINI Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m12,36810,02510,1501.2%-17.9%
Other incomeRs m37567738.2%105.9%
TurnoverRs m12,40610,08110,2271.4%-17.6%
ExpensesRs m10,9318,7328,7390.1%-20.1%
Gross profitRs m1,4371,2941,4119.1%-1.8%
DepreciationRs m2372332361.4%-0.2%
InterestRs m12716583-49.5%-34.4%
Profit before taxRs m1,1119511,16922.9%5.2%
TaxRs m28721626020.4%-9.6%
Profit after taxRs m82473690923.6%10.4%
Gross profit margin%11.612.913.9
Effective tax rate%25.822.722.2
Net profit margin%6.67.38.9
* 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 17.9% on a year-on-year (YoY) basis. The expenses were down by 20.1% YoY during the same period.
  • The company's operating profit declined by 1.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.9% in 2QFY19 as against 11.6% in 2QFY18.
  • Depreciation charges declined by 0.2% and finance costs declined by 34.4% YoY, respectively.
  • Other income increased by 105.9% YoY during the quarter.
  • Net profit for the quarter increased by 10.4% YoY. Net profit margins during the quarter increased from 6.6% in 2QFY18 to 8.9% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.1% QoQ during the same period.
  • The company's operating profit increased by 9.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.9% in 2QFY19 as against 12.9% in 1QFY18.
  • Net profit for the quarter increased by 23.6% QoQ, while net profit margins increased from 7.3% in 1QFY18 to 8.9% in 2QFY19.

To see how BALRAMPUR CHINI has performed over the last eight quarters, please visit here.

BALRAMPUR CHINI Share Price Performance

Over the last one year, BALRAMPUR CHINI share price has moved up from Rs 168.5 to Rs 104.3, registering a Loss of Rs 64.2 or around 38.1%.

Overall, the S&P BSE SENSEX is up 4.0% over the year.

Current Valuations

At the current price of Rs 104.3, the price to earnings (P/E) ratio of BALRAMPUR CHINI stands at 14.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.7 times.

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For the quarter ended June 2019, BALRAMPUR CHINI has posted a net profit of Rs 1 bn (up 45.0% YoY). Sales on the other hand came in at Rs 9 bn (down 5.4% YoY). Read on for a complete analysis of BALRAMPUR CHINI's quarterly results.

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Jan 24, 2020 03:37 PM

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