GRAPHITE INDIA Announces Quarterly Results (1QFY20); Net Profit Down 74.2%

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GRAPHITE INDIA Announces Quarterly Results (1QFY20); Net Profit Down 74.2%
Fri, 16 Aug

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

GRAPHITE INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m17,77016,9309,670-42.9%-45.6%
Other incomeRs m280700570-18.6%103.6%
TurnoverRs m18,05017,63010,240-41.9%-43.3%
ExpensesRs m4,7708,2906,720-18.9%40.9%
Gross profitRs m13,0008,0902,950-63.5%-77.3%
DepreciationRs m110230130-43.5%18.2%
InterestRs m10405025.0%400.0%
Profit before taxRs m13,1608,5203,340-60.8%-74.6%
TaxRs m4,5802,8801,130-60.8%-75.3%
Profit after taxRs m8,5805,6402,210-60.8%-74.2%
Gross profit margin%73.247.830.5
Effective tax rate%34.833.833.8
Net profit margin%47.532.021.6
* 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 45.6% on a year-on-year (YoY) basis. The expenses were up by 40.9% YoY during the same period.
  • The company's operating profit declined by 77.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 30.5% in 1QFY20 as against 73.2% in 1QFY19.
  • Depreciation charges increased by 18.2% and finance costs increased by 400.0% YoY, respectively.
  • Other income increased by 103.6% YoY during the quarter.
  • Net profit for the quarter declined by 74.2% YoY. Net profit margins during the quarter declined from 47.5% in 1QFY19 to 21.6% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 42.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 18.9% QoQ during the same period.
  • The company's operating profit declined by 63.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 30.5% in 1QFY20 as against 47.8% in 4QFY19.
  • Net profit for the quarter declined by 60.8% QoQ, while net profit margins declined from 32.0% in 4QFY19 to 21.6% in 1QFY20.

To see how GRAPHITE INDIA has performed over the last eight quarters,please visit here.

GRAPHITE INDIA Share Price Performance

Over the last one year,GRAPHITE INDIA share price has moved down from Rs 1,106.7 to Rs 289.5, registering a Loss of Rs 817.3 or around 73.8%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 16,952.7 (up 0.1%). Over the last one year it has moved down from 17,750.1 to 16,952.7, a gain of 797 points (down 4.5%).

Overall, the S&P BSE SENSEX is down 1.3% over the year.

Current Valuations

At the current price of Rs 289.5, the price to earnings (P/E) ratio of GRAPHITE INDIA stands at 2.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.1 times.

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