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

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CLARIANT CHEMICALS Announces Quarterly Results (2QFY20); Net Profit Up 263.5%
Tue, 12 Nov

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

CLARIANT CHEMICALS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m2,5642,9582,721-8.0%6.1%
Other incomeRs m44263949.4%-10.3%
TurnoverRs m2,6072,9842,760-7.5%5.9%
ExpensesRs m2,4382,6732,425-9.3%-0.5%
Gross profitRs m1262852974.1%135.4%
DepreciationRs m92116115-0.9%24.8%
InterestRs m11110-6.7%600.0%
Profit before taxRs m7618421114.3%177.8%
TaxRs m3972777.8%97.4%
Profit after taxRs m3711313318.4%263.5%
Gross profit margin%4.99.610.9
Effective tax rate%51.638.836.7
Net profit margin%1.43.84.8
* 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 6.1% on a year-on-year (YoY) basis. The expenses were down by 0.5% YoY during the same period.
  • The company's operating profit increased by 135.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.9% in 2QFY20 as against 4.9% in 2QFY19.
  • Depreciation charges increased by 24.8% and finance costs increased by 600.0% YoY, respectively.
  • Other income declined by 10.3% YoY during the quarter.
  • Net profit for the quarter increased by 263.5% YoY. Net profit margins during the quarter increased from 1.4% in 2QFY19 to 4.8% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 8.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 9.3% QoQ during the same period.
  • The company's operating profit increased by 4.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.9% in 2QFY20 as against 9.6% in 1QFY19.
  • Net profit for the quarter increased by 18.4% QoQ, while net profit margins increased from 3.8% in 1QFY19 to 4.8% in 2QFY20.

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 down from Rs 397.2 to Rs 295.8, registering a Loss of Rs 101.4 or around 25.5%.

Overall, the S&P BSE SENSEX is up 15.9% over the year.

Current Valuations

At the current price of Rs 295.8, the price to earnings (P/E) ratio of CLARIANT CHEMICALS stands at 26.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.3 times.

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