CLARIANT CHEMICALS Announces Quarterly Results (4QFY19); Net Profit Up 343.6%

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CLARIANT CHEMICALS Announces Quarterly Results (4QFY19); Net Profit Up 343.6%
Tue, 21 May

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

CLARIANT CHEMICALS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m2,4362,4992,5753.0%5.7%
Other incomeRs m17624279.7%39.7%
TurnoverRs m2,4532,5052,5993.8%6.0%
ExpensesRs m2,3212,4452,396-2.0%3.2%
Gross profitRs m11454179233.5%56.6%
DepreciationRs m949494-0.1%0.1%
InterestRs m22213.3%-5.6%
Profit before taxRs m36-35108197.2%
TaxRs m18-82954.9%
Profit after taxRs m18-2779343.6%
Gross profit margin%4.72.17.0
Effective tax rate%50.722.926.4
Net profit margin%0.7-1.13.1
* 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 grew 5.7% on a year-on-year (YoY) basis. The expenses were up by 3.2% YoY during the same period.
  • The company's operating profit increased by 56.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 7.0% in 4QFY19 as against 4.7% in 4QFY18.
  • Depreciation charges increased by 0.1% and finance costs declined by 5.6% YoY, respectively.
  • Other income increased by 39.7% YoY during the quarter.
  • Net profit for the quarter increased by 343.6% YoY. Net profit margins during the quarter increased from 0.7% in 4QFY18 to 3.1% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 3.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.0% QoQ during the same period.
  • The company's operating profit increased by 233.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 7.0% in 4QFY19 as against 2.1% in 3QFY18.
  • Net profit for the quarter increased by 391.9% QoQ, while net profit margins increased from -1.1% in 3QFY18 to 3.1% in 4QFY19.

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 458.9 to Rs 301.0, registering a Loss of Rs 157.9 or around 34.4%.

Overall, the S&P BSE SENSEX is up 14.0% over the year.

Current Valuations

At the current price of Rs 301.0, the price to earnings (P/E) ratio of CLARIANT CHEMICALS stands at 43.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.3 times.

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