GRAPHITE INDIA Announces Quarterly Results (3QFY20); Net Profit Down 145.9%

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GRAPHITE INDIA Announces Quarterly Results (3QFY20); Net Profit Down 145.9%
Wed, 19 Feb

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

GRAPHITE INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m18,5508,8206,430-27.1%-65.3%
Other incomeRs m660510430-15.7%-34.8%
TurnoverRs m19,2109,3306,860-26.5%-64.3%
ExpensesRs m7,7207,42011,31052.4%46.5%
Gross profitRs m10,8301,400-4,880-448.6%-145.1%
DepreciationRs m130130120-7.7%-7.7%
InterestRs m305040-20.0%33.3%
Profit before taxRs m11,3301,730-4,610-366.5%-140.7%
TaxRs m3,680-130-1,100-129.9%
Profit after taxRs m7,6501,860-3,510-288.7%-145.9%
Gross profit margin%58.415.9-75.9
Effective tax rate%32.5-7.523.9
Net profit margin%39.819.9-51.2
* 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 65.3% on a year-on-year (YoY) basis. The expenses were up by 46.5% YoY during the same period.
  • The company's operating profit declined by 145.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 75.9% in 3QFY20 as against 58.4% in 3QFY19.
  • Depreciation charges declined by 7.7% and finance costs increased by 33.3% YoY, respectively.
  • Other income declined by 34.8% YoY during the quarter.
  • Net profit for the quarter declined by 145.9% YoY. Net profit margins during the quarter declined from 39.8% in 3QFY19 to -51.2% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 27.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 52.4% QoQ during the same period.
  • The company's operating profit declined by 448.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 75.9% in 3QFY20 as against 15.9% in 2QFY19.
  • Net profit for the quarter declined by 288.7% QoQ, while net profit margins declined from 19.9% in 2QFY19 to -51.2% in 3QFY20.

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

Urgent New Alert: About Coming Once-in-a-generation Wealth Shift

GRAPHITE INDIA Share Price Performance

Over the last one year,GRAPHITE INDIA share price has moved down from Rs 403.3 to Rs 270.0, registering a Loss of Rs 133.3 or around 33.1%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 16,601.1 (up 0.1%). Over the last one year it has moved up from 16,439.0 to 16,601.1, a gain of 162 points (up 1.0%).

Overall, the S&P BSE SENSEX is up 16.1% over the year.

Current Valuations

At the current price of Rs 270.0, the price to earnings (P/E) ratio of GRAPHITE INDIA stands at 8.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.0 times.

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