CLARIANT CHEMICALS Announces Quarterly Results (1QFY21); Net Profit Down 76.2%

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CLARIANT CHEMICALS Announces Quarterly Results (1QFY21); Net Profit Down 76.2%
Tue, 1 Sep

CLARIANT CHEMICALS has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

CLARIANT CHEMICALS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m2,9581,6951,290-23.9%-56.4%
Other incomeRs m268836-59.7%36.0%
TurnoverRs m2,9841,7831,325-25.7%-55.6%
ExpensesRs m2,6731,5681,182-24.6%-55.8%
Gross profitRs m285127108-14.8%-62.2%
DepreciationRs m1169995-4.2%-18.2%
InterestRs m1198-13.8%-28.6%
Profit before taxRs m18410741-61.8%-77.9%
TaxRs m7210214-86.3%-80.4%
Profit after taxRs m113527495.6%-76.2%
Gross profit margin%9.67.58.4
Effective tax rate%38.895.834.3
Net profit margin%3.80.32.0
* 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 56.4% on a year-on-year (YoY) basis. The expenses were down by 55.8% YoY during the same period.
  • The company's operating profit declined by 62.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.4% in 1QFY21 as against 9.6% in 1QFY20.
  • Depreciation charges declined by 18.2% and finance costs declined by 28.6% YoY, respectively.
  • Other income increased by 36.0% YoY during the quarter.
  • Net profit for the quarter declined by 76.2% YoY. Net profit margins during the quarter declined from 3.8% in 1QFY20 to 2.0% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 23.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 24.6% QoQ during the same period.
  • The company's operating profit declined by 14.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 8.4% in 1QFY21 as against 7.5% in 4QFY20.
  • Net profit for the quarter increased by 495.6% QoQ, while net profit margins increased from 0.2% in 4QFY20 to 2.0% in 1QFY21.

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

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CLARIANT CHEMICALS Share Price Performance

Over the last one year,CLARIANT CHEMICALS share price has moved up from Rs 225.5 to Rs 377.5, registering a Gain of Rs 152.0 or around 67.4%.

Overall, the S&P BSE SENSEX is up 5.9% over the year.

Current Valuations

At the current price of Rs 377.5, the price to earnings (P/E) ratio of CLARIANT CHEMICALS stands at 51.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.6 times.

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Related Views on News

CLARIANT CHEMICALS Announces Quarterly Results (2QFY20); Net Profit Up 263.5% (Quarterly Result Update)

Nov 12, 2019 | Updated on Nov 12, 2019

For the quarter ended September 2019, CLARIANT CHEMICALS has posted a net profit of Rs 133 m (up 263.5% YoY). Sales on the other hand came in at Rs 3 bn (up 6.1% YoY). Read on for a complete analysis of CLARIANT CHEMICALS's quarterly results.

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