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

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CARBORUNDUM UNIVERSAL Announces Quarterly Results (3QFY20); Net Profit Up 1.6%
Fri, 31 Jan

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

CARBORUNDUM UNIVERSAL Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m6,9296,8436,494-5.1%-6.3%
Other incomeRs m666344-29.9%-33.7%
TurnoverRs m6,9956,9056,538-5.3%-6.5%
ExpensesRs m5,8975,7985,529-4.6%-6.2%
Gross profitRs m1,0321,044965-7.6%-6.5%
DepreciationRs m2702632661.1%-1.4%
InterestRs m191512-19.0%-33.7%
Profit before taxRs m810829730-11.9%-9.8%
TaxRs m269193181-6.5%-32.8%
Profit after taxRs m541635549-13.5%1.6%
Gross profit margin%14.915.314.9
Effective tax rate%33.323.324.8
Net profit margin%7.79.28.4
* 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 6.3% on a year-on-year (YoY) basis. The expenses were down by 6.2% YoY during the same period.
  • The company's operating profit declined by 6.5% YoY during the quarter. Consequently, operating profit margins remained same and stood at 14.9% in 3QFY20.
  • Depreciation charges declined by 1.4% and finance costs declined by 33.7% YoY, respectively.
  • Other income declined by 33.7% YoY during the quarter.
  • Net profit for the quarter increased by 1.6% YoY. Net profit margins during the quarter increased from 7.7% in 3QFY19 to 8.4% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 4.6% QoQ during the same period.
  • The company's operating profit declined by 7.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.9% in 3QFY20 as against 15.3% in 2QFY19.
  • Net profit for the quarter declined by 13.5% QoQ, while net profit margins declined from 9.2% in 2QFY19 to 8.4% in 3QFY20.

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 348.6 to Rs 334.7, registering a Loss of Rs 13.9 or around 4.0%.

Overall, the S&P BSE SENSEX is up 15.0% over the year.

Current Valuations

At the current price of Rs 334.7, 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 3.7 times.

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