CLARIANT CHEMICALS Announces Quarterly Results (1QFY20); Net Profit Up 16.9%

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CLARIANT CHEMICALS Announces Quarterly Results (1QFY20); Net Profit Up 16.9%
Tue, 13 Aug

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

CLARIANT CHEMICALS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m2,6432,5752,95814.9%11.9%
Other incomeRs m3324267.4%-20.4%
TurnoverRs m2,6762,5992,98414.8%11.5%
ExpensesRs m2,4282,3962,67311.6%10.1%
Gross profitRs m21517928559.1%32.3%
DepreciationRs m949411623.9%23.9%
InterestRs m2211517.6%556.3%
Profit before taxRs m15310818470.8%20.7%
TaxRs m562972151.2%27.2%
Profit after taxRs m967911341.9%16.9%
Gross profit margin%8.17.09.6
Effective tax rate%36.926.438.8
Net profit margin%3.63.13.8
* 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 11.9% on a year-on-year (YoY) basis. The expenses were up by 10.1% YoY during the same period.
  • The company's operating profit increased by 32.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.6% in 1QFY20 as against 8.1% in 1QFY19.
  • Depreciation charges increased by 23.9% and finance costs increased by 556.3% YoY, respectively.
  • Other income declined by 20.4% YoY during the quarter.
  • Net profit for the quarter increased by 16.9% YoY. Net profit margins during the quarter increased from 3.6% in 1QFY19 to 3.8% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 14.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 11.6% QoQ during the same period.
  • The company's operating profit increased by 59.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.6% in 1QFY20 as against 7.0% in 4QFY19.
  • Net profit for the quarter increased by 41.9% QoQ, while net profit margins increased from 3.0% in 4QFY19 to 3.8% in 1QFY20.

To see how CLARIANT CHEMICALS has performed over the last eight quarters,please visit here.

CLARIANT CHEMICALS Share Price Performance

Over the last one year,CLARIANT CHEMICALS share price has moved down from Rs 451.3 to Rs 304.3, registering a Loss of Rs 147.0 or around 32.6%.

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

Current Valuations

At the current price of Rs 304.3, the price to earnings (P/E) ratio of CLARIANT CHEMICALS stands at 40.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.3 times.

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