CARBORUNDUM UNIVERSAL Announces Quarterly Results (2QFY20); Net Profit Up 12.4%

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CARBORUNDUM UNIVERSAL Announces Quarterly Results (2QFY20); Net Profit Up 12.4%
Thu, 31 Oct

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

CARBORUNDUM UNIVERSAL Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m6,5966,7146,8431.9%3.7%
Other incomeRs m87496328.2%-28.1%
TurnoverRs m6,6836,7636,9052.1%3.3%
ExpensesRs m5,5125,7625,7980.6%5.2%
Gross profitRs m1,0839521,0449.6%-3.6%
DepreciationRs m274264263-0.3%-3.8%
InterestRs m211915-20.7%-26.1%
Profit before taxRs m87671882915.4%-5.5%
TaxRs m311263193-26.5%-37.9%
Profit after taxRs m56545563539.6%12.4%
Gross profit margin%16.414.215.3
Effective tax rate%35.536.623.3
Net profit margin%8.56.79.2
* 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 3.7% on a year-on-year (YoY) basis. The expenses were up by 5.2% YoY during the same period.
  • The company's operating profit declined by 3.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.3% in 2QFY20 as against 16.4% in 2QFY19.
  • Depreciation charges declined by 3.8% and finance costs declined by 26.1% YoY, respectively.
  • Other income declined by 28.1% YoY during the quarter.
  • Net profit for the quarter increased by 12.4% YoY. Net profit margins during the quarter increased from 8.5% in 2QFY19 to 9.2% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.6% QoQ during the same period.
  • The company's operating profit increased by 9.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.3% in 2QFY20 as against 14.2% in 1QFY19.
  • Net profit for the quarter increased by 39.6% QoQ, while net profit margins increased from 6.7% in 1QFY19 to 9.2% in 2QFY20.

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 down from Rs 362.6 to Rs 311.8, registering a Loss of Rs 50.8 or around 14.0%.

Overall, the S&P BSE SENSEX is up 18.7% over the year.

Current Valuations

At the current price of Rs 311.8, the price to earnings (P/E) ratio of CARBORUNDUM UNIVERSAL stands at 26.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.4 times.

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CARBORUNDUM UNIVERSAL Announces Quarterly Results (3QFY20); Net Profit Up 1.6% (Quarterly Result Update)

Jan 31, 2020 | Updated on Jan 31, 2020

For the quarter ended December 2019, CARBORUNDUM UNIVERSAL has posted a net profit of Rs 549 m (up 1.6% YoY). Sales on the other hand came in at Rs 6 bn (down 6.3% YoY). Read on for a complete analysis of CARBORUNDUM UNIVERSAL's quarterly results.

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