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CARBORUNDUM UNIVERSAL Announces Quarterly Results (2QFY19); Net Profit Up 2.1%

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CARBORUNDUM UNIVERSAL Announces Quarterly Results (2QFY19); Net Profit Up 2.1%
Fri, 9 Nov

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

CARBORUNDUM UNIVERSAL Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m5,8716,3436,5964.0%12.3%
Other incomeRs m4510587-16.7%94.9%
TurnoverRs m5,9166,4486,6833.6%13.0%
ExpensesRs m4,8135,2695,5124.6%14.5%
Gross profitRs m1,0581,0961,083-1.1%2.4%
DepreciationRs m258280274-2.2%6.2%
InterestRs m2419218.9%-13.0%
Profit before taxRs m821902876-2.8%6.7%
TaxRs m2682933116.3%16.1%
Profit after taxRs m553609565-7.3%2.1%
Gross profit margin%18.017.316.4
Effective tax rate%32.632.535.5
Net profit margin%9.49.48.5
* 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 12.3% on a year-on-year (YoY) basis. The expenses were up by 14.5% YoY during the same period.
  • The company's operating profit increased by 2.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.4% in 2QFY19 as against 18.0% in 2QFY18.
  • Depreciation charges increased by 6.2% and finance costs declined by 13.0% YoY, respectively.
  • Other income increased by 94.9% YoY during the quarter.
  • Net profit for the quarter increased by 2.1% YoY. Net profit margins during the quarter declined from 9.4% in 2QFY18 to 8.5% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.6% QoQ during the same period.
  • The company's operating profit declined by 1.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.4% in 2QFY19 as against 17.3% in 1QFY18.
  • Net profit for the quarter declined by 7.3% QoQ, while net profit margins declined from 9.4% in 1QFY18 to 8.5% in 2QFY19.

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

CARBORUNDUM UNIVERSAL Share Price Performance

Over the last one year, CARBORUNDUM UNIVERSAL share price has moved up from Rs 373.5 to Rs 357.5, registering a Loss of Rs 16.0 or around 4.3%.

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

Current Valuations

At the current price of Rs 357.5, the price to earnings (P/E) ratio of CARBORUNDUM UNIVERSAL stands at 29.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 43.3 times.

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