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- DEEPAK NITRITE Announces Quarterly Results (4QFY20); Net Profit Up 105.5%
DEEPAK NITRITE Announces Quarterly Results (4QFY20); Net Profit Up 105.5%
Fri, 29 May
DEEPAK NITRITE has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:
DEEPAK NITRITE Quarterly Financials
| No. of Mths Qtr. Ending | 3 Mar-19* | 3 Dec-19* | 3 Mar-20* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 4,859 | 5,849 | 5,252 | -10.2% | 8.1% |
| Other income | Rs m | 19 | 19 | 8 | -59.4% | -60.0% |
| Turnover | Rs m | 4,878 | 5,868 | 5,260 | -10.4% | 7.8% |
| Expenses | Rs m | 3,771 | 3,714 | 3,411 | -8.2% | -9.6% |
| Gross profit | Rs m | 1,088 | 2,135 | 1,842 | -13.7% | 69.3% |
| Depreciation | Rs m | 138 | 199 | 207 | 4.1% | 50.4% |
| Interest | Rs m | 99 | 44 | 45 | 3.7% | -54.2% |
| Profit before tax | Rs m | 870 | 1,911 | 1,597 | -16.4% | 83.5% |
| Tax | Rs m | 305 | 492 | 435 | -11.7% | 42.7% |
| Profit after tax | Rs m | 566 | 1,419 | 1,163 | -18.1% | 105.5% |
| Gross profit margin | % | 22.4 | 36.5 | 35.1 | ||
| Effective tax rate | % | 35.0 | 25.8 | 27.2 | ||
| Net profit margin | % | 11.6 | 24.2 | 22.1 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter grew 8.1% on a year-on-year (YoY) basis. The expenses were down by 9.6% YoY during the same period.
- The company's operating profit increased by 69.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 35.1% in 4QFY20 as against 22.4% in 4QFY19.
- Depreciation charges increased by 50.4% and finance costs declined by 54.2% YoY, respectively.
- Other income declined by 60.0% YoY during the quarter.
- Net profit for the quarter increased by 105.5% YoY. Net profit margins during the quarter increased from 11.6% in 4QFY19 to 22.1% in 4QFY20.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter fell 10.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 8.2% QoQ during the same period.
- The company's operating profit declined by 13.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 35.1% in 4QFY20 as against 36.5% in 3QFY19.
- Net profit for the quarter declined by 18.1% QoQ, while net profit margins declined from 24.2% in 3QFY19 to 22.1% in 4QFY20.
To see how DEEPAK NITRITE has performed over the last eight quarters,please visit here.
Get Details: These 3 Stocks are the Dark Horses of the Stock Market
DEEPAK NITRITE Share Price Performance
Over the last one year,DEEPAK NITRITE share price has moved up from Rs 313.6 to Rs 500.5, registering a Gain of Rs 186.9 or around 59.6%.
Overall, the S&P BSE SENSEX is down 19.2% over the year.
Current Valuations
At the current price of Rs 500.5, the price to earnings (P/E) ratio of DEEPAK NITRITE stands at 12.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.4 times.
Related Views on News
DEEPAK NITRITE Announces Quarterly Results (1QFY21); Net Profit Down 40.7% (Quarterly Result Update)
Aug 18, 2020 | Updated on Aug 18, 2020For the quarter ended June 2020, DEEPAK NITRITE has posted a net profit of Rs 636 m (down 40.7% YoY). Sales on the other hand came in at Rs 4 bn (down 36.3% YoY). Read on for a complete analysis of DEEPAK NITRITE's quarterly results.
DEEPAK NITRITE Announces Quarterly Results (2QFY20); Net Profit Up 536.4% (Quarterly Result Update)
Nov 1, 2019 | Updated on Nov 1, 2019For the quarter ended September 2019, DEEPAK NITRITE has posted a net profit of Rs 2 bn (up 536.4% YoY). Sales on the other hand came in at Rs 6 bn (up 31.5% YoY). Read on for a complete analysis of DEEPAK NITRITE's quarterly results.
DEEPAK NITRITE 2018-19 Annual Report Analysis (Annual Result Update)
Jun 6, 2019 | Updated on Jun 6, 2019Here's an analysis of the annual report of DEEPAK NITRITE for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of DEEPAK NITRITE. Also includes updates on the valuation of DEEPAK NITRITE.
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