FOSECO INDIA Announces Quarterly Results (4QFY20); Net Profit Down 29.5%

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FOSECO INDIA Announces Quarterly Results (4QFY20); Net Profit Down 29.5%
Fri, 29 May

FOSECO INDIA has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:

FOSECO INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m842733721-1.7%-14.4%
Other incomeRs m142415-34.7%13.8%
TurnoverRs m855757736-2.7%-13.9%
ExpensesRs m712646640-1.0%-10.2%
Gross profitRs m1308781-6.8%-37.3%
DepreciationRs m10111427.1%49.8%
InterestRs m0000.0%0.0%
Profit before taxRs m1339982-17.3%-38.4%
TaxRs m473521-39.5%-54.8%
Profit after taxRs m866461-5.2%-29.5%
Gross profit margin%15.411.911.3
Effective tax rate%35.335.425.9
Net profit margin%10.18.58.3
* 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 14.4% on a year-on-year (YoY) basis. The expenses were down by 10.2% YoY during the same period.
  • The company's operating profit declined by 37.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.3% in 4QFY20 as against 15.4% in 4QFY19.
  • Depreciation charges increased by 49.8% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 13.8% YoY during the quarter.
  • Net profit for the quarter declined by 29.5% YoY. Net profit margins during the quarter declined from 10.1% in 4QFY19 to 8.3% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.0% QoQ during the same period.
  • The company's operating profit declined by 6.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.3% in 4QFY20 as against 11.9% in 3QFY19.
  • Net profit for the quarter declined by 5.2% QoQ, while net profit margins declined from 8.5% in 3QFY19 to 8.3% in 4QFY20.

To see how FOSECO INDIA has performed over the last eight quarters,please visit here.

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FOSECO INDIA Share Price Performance

Over the last one year,FOSECO INDIA share price has moved down from Rs 1,323.2 to Rs 1,000.0, registering a Loss of Rs 323.2 or around 24.4%.

Overall, the S&P BSE SENSEX is down 19.2% over the year.

Current Valuations

At the current price of Rs 1,000.0, the price to earnings (P/E) ratio of FOSECO INDIA stands at 20.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.4 times.

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