CARBORUNDUM UNIVERSAL Announces Quarterly Results (1QFY21); Net Profit Down 59.6%

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CARBORUNDUM UNIVERSAL Announces Quarterly Results (1QFY21); Net Profit Down 59.6%
Wed, 26 Aug

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

CARBORUNDUM UNIVERSAL Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m6,7145,9404,496-24.3%-33.0%
Other incomeRs m4929465-78.1%31.6%
TurnoverRs m6,7636,2344,560-26.8%-32.6%
ExpensesRs m5,7624,9154,062-17.4%-29.5%
Gross profitRs m9521,025434-57.7%-54.5%
DepreciationRs m264252233-7.5%-11.9%
InterestRs m191610-39.3%-48.7%
Profit before taxRs m7181,051256-75.7%-64.4%
TaxRs m26311872-39.3%-72.7%
Profit after taxRs m455933184-80.3%-59.6%
Gross profit margin%14.217.39.6
Effective tax rate%36.611.228.1
Net profit margin%6.715.04.0
* 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 33.0% on a year-on-year (YoY) basis. The expenses were down by 29.5% YoY during the same period.
  • The company's operating profit declined by 54.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.6% in 1QFY21 as against 14.2% in 1QFY20.
  • Depreciation charges declined by 11.9% and finance costs declined by 48.7% YoY, respectively.
  • Other income increased by 31.6% YoY during the quarter.
  • Net profit for the quarter declined by 59.6% YoY. Net profit margins during the quarter declined from 6.7% in 1QFY20 to 4.0% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 24.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 17.4% QoQ during the same period.
  • The company's operating profit declined by 57.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.6% in 1QFY21 as against 17.3% in 4QFY20.
  • Net profit for the quarter declined by 80.3% QoQ, while net profit margins declined from 15.0% in 4QFY20 to 4.0% in 1QFY21.

To see how CARBORUNDUM UNIVERSAL has performed over the last eight quarters,please visit here.

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CARBORUNDUM UNIVERSAL Share Price Performance

Over the last one year,CARBORUNDUM UNIVERSAL share price has moved up from Rs 276.4 to Rs 276.6, registering a Gain of Rs 0.3 or around 0.1%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 14,201.0 (down 0.3%). Over the last one year it has moved down from 16,914.2 to 14,201.0, a gain of 2,713 points (down 16.0%).

Overall, the S&P BSE SENSEX is up 3.6% over the year.

Current Valuations

At the current price of Rs 276.6, the price to earnings (P/E) ratio of CARBORUNDUM UNIVERSAL stands at 22.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.0 times.

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