CLARIANT CHEMICALS Announces Quarterly Results (2QFY19); Net Profit Down 16.6%

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CLARIANT CHEMICALS Announces Quarterly Results (2QFY19); Net Profit Down 16.6%
Mon, 12 Nov

CLARIANT CHEMICALS has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

CLARIANT CHEMICALS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m2,4422,6432,564-3.0%5.0%
Other incomeRs m21334432.6%109.1%
TurnoverRs m2,4632,6762,607-2.6%5.9%
ExpensesRs m2,3002,4282,4380.4%6.0%
Gross profitRs m142215126-41.5%-11.0%
DepreciationRs m959492-1.6%-3.1%
InterestRs m221-12.5%-22.2%
Profit before taxRs m6515376-50.4%16.1%
TaxRs m215639-30.6%83.6%
Profit after taxRs m449637-61.9%-16.6%
Gross profit margin%5.88.14.9
Effective tax rate%32.636.951.6
Net profit margin%1.83.61.4
* 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 5.0% on a year-on-year (YoY) basis. The expenses were up by 6.0% YoY during the same period.
  • The company's operating profit declined by 11.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.9% in 2QFY19 as against 5.8% in 2QFY18.
  • Depreciation charges declined by 3.1% and finance costs declined by 22.2% YoY, respectively.
  • Other income increased by 109.1% YoY during the quarter.
  • Net profit for the quarter declined by 16.6% YoY. Net profit margins during the quarter declined from 1.8% in 2QFY18 to 1.4% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 3.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.4% QoQ during the same period.
  • The company's operating profit declined by 41.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.9% in 2QFY19 as against 8.1% in 1QFY18.
  • Net profit for the quarter declined by 61.9% QoQ, while net profit margins declined from 3.6% in 1QFY18 to 1.4% in 2QFY19.

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 up from Rs 593.3 to Rs 398.3, registering a Loss of Rs 195.0 or around 32.9%.

Overall, the S&P BSE SENSEX is up 5.7% over the year.

Current Valuations

At the current price of Rs 398.3, the price to earnings (P/E) ratio of CLARIANT CHEMICALS stands at 33.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.7 times.

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