GRAPHITE INDIA Announces Quarterly Results (2QFY20); Net Profit Down 79.6%

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GRAPHITE INDIA Announces Quarterly Results (2QFY20); Net Profit Down 79.6%
Tue, 5 Nov

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

GRAPHITE INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m20,0809,6708,820-8.8%-56.1%
Other incomeRs m420570510-10.5%21.4%
TurnoverRs m20,50010,2409,330-8.9%-54.5%
ExpensesRs m6,4106,7207,42010.4%15.8%
Gross profitRs m13,6702,9501,400-52.5%-89.8%
DepreciationRs m1201301300.0%8.3%
InterestRs m3050500.0%66.7%
Profit before taxRs m13,9403,3401,730-48.2%-87.6%
TaxRs m4,8201,130-130-111.5%-102.7%
Profit after taxRs m9,1202,2101,860-15.8%-79.6%
Gross profit margin%68.130.515.9
Effective tax rate%34.633.8-7.5
Net profit margin%44.521.619.9
* 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 56.1% on a year-on-year (YoY) basis. The expenses were up by 15.8% YoY during the same period.
  • The company's operating profit declined by 89.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.9% in 2QFY20 as against 68.1% in 2QFY19.
  • Depreciation charges increased by 8.3% and finance costs increased by 66.7% YoY, respectively.
  • Other income increased by 21.4% YoY during the quarter.
  • Net profit for the quarter declined by 79.6% YoY. Net profit margins during the quarter declined from 44.5% in 2QFY19 to 19.9% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 8.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 10.4% QoQ during the same period.
  • The company's operating profit declined by 52.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.9% in 2QFY20 as against 30.5% in 1QFY19.
  • Net profit for the quarter declined by 15.8% QoQ, while net profit margins declined from 21.6% in 1QFY19 to 19.9% in 2QFY20.

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

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GRAPHITE INDIA Share Price Performance

Over the last one year,GRAPHITE INDIA share price has moved down from Rs 969.9 to Rs 297.7, registering a Loss of Rs 672.3 or around 69.3%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,627.3 (down 0.4%). Over the last one year it has moved up from 18,056.8 to 18,627.3, a gain of 570 points (up 3.2%).

Overall, the S&P BSE SENSEX is up 15.4% over the year.

Current Valuations

At the current price of Rs 297.7, the price to earnings (P/E) ratio of GRAPHITE INDIA stands at 3.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.1 times.

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