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CLARIANT CHEMICALS Announces Quarterly Results (3QFY19); Net Profit Down 116.2%

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CLARIANT CHEMICALS Announces Quarterly Results (3QFY19); Net Profit Down 116.2%
Thu, 14 Feb

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

CLARIANT CHEMICALS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m2,6272,5642,499-2.5%-4.9%
Other incomeRs m217446-85.3%-97.1%
TurnoverRs m2,8452,6072,505-3.9%-11.9%
ExpensesRs m2,4942,4382,4450.3%-2.0%
Gross profitRs m13312654-57.4%-59.7%
DepreciationRs m9492941.7%-0.4%
InterestRs m1127.1%25.0%
Profit before taxRs m25576-35-146.6%-113.8%
TaxRs m8739-8-120.7%-109.3%
Profit after taxRs m16837-27-174.1%-116.2%
Gross profit margin%5.14.92.1
Effective tax rate%34.151.622.9
Net profit margin%5.91.4-1.1
* 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 4.9% on a year-on-year (YoY) basis. The expenses were down by 2.0% YoY during the same period.
  • The company's operating profit declined by 59.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2.1% in 3QFY19 as against 5.1% in 3QFY18.
  • Depreciation charges declined by 0.4% and finance costs increased by 25.0% YoY, respectively.
  • Other income declined by 97.1% YoY during the quarter.
  • Net profit for the quarter declined by 116.2% YoY. Net profit margins during the quarter declined from 5.9% in 3QFY18 to -1.1% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.3% QoQ during the same period.
  • The company's operating profit declined by 57.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2.1% in 3QFY19 as against 4.9% in 2QFY18.
  • Net profit for the quarter declined by 174.1% QoQ, while net profit margins declined from 1.4% in 2QFY18 to -1.1% in 3QFY19.

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 614.2 to Rs 345.1, registering a Loss of Rs 269.1 or around 43.8%.

Overall, the S&P BSE SENSEX is up 5.3% over the year.

Current Valuations

At the current price of Rs 345.1, the price to earnings (P/E) ratio of CLARIANT CHEMICALS stands at 74.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.5 times.

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Apr 22, 2019 01:45 PM

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