CARBORUNDUM UNIVERSAL Announces Quarterly Results (3QFY19); Net Profit Up 2.9%

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CARBORUNDUM UNIVERSAL Announces Quarterly Results (3QFY19); Net Profit Up 2.9%
Mon, 4 Feb

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

CARBORUNDUM UNIVERSAL Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m6,1166,5966,9295.0%13.3%
Other incomeRs m348766-23.9%98.2%
TurnoverRs m6,1496,6836,9954.7%13.8%
ExpensesRs m5,0695,5125,8977.0%16.3%
Gross profitRs m1,0471,0831,032-4.7%-1.4%
DepreciationRs m269274270-1.4%0.3%
InterestRs m182119-9.7%2.7%
Profit before taxRs m793876810-7.6%2.1%
TaxRs m268311269-13.5%0.6%
Profit after taxRs m525565541-4.3%2.9%
Gross profit margin%17.116.414.9
Effective tax rate%33.835.533.3
Net profit margin%8.58.57.7
* 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 13.3% on a year-on-year (YoY) basis. The expenses were up by 16.3% YoY during the same period.
  • The company's operating profit declined by 1.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.9% in 3QFY19 as against 17.1% in 3QFY18.
  • Depreciation charges increased by 0.3% and finance costs increased by 2.7% YoY, respectively.
  • Other income increased by 98.2% YoY during the quarter.
  • Net profit for the quarter increased by 2.9% YoY. Net profit margins during the quarter declined from 8.5% in 3QFY18 to 7.7% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 5.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.0% QoQ during the same period.
  • The company's operating profit declined by 4.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.9% in 3QFY19 as against 16.4% in 2QFY18.
  • Net profit for the quarter declined by 4.3% QoQ, while net profit margins declined from 8.5% in 2QFY18 to 7.7% in 3QFY19.

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 361.7 to Rs 349.0, registering a Loss of Rs 12.7 or around 3.5%.

Overall, the S&P BSE SENSEX is up 1.2% over the year.

Current Valuations

At the current price of Rs 349.0, the price to earnings (P/E) ratio of CARBORUNDUM UNIVERSAL stands at 28.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.2 times.

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