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GUJARAT ALKALIES Announces Quarterly Results (2QFY19); Net Profit Up 63.9%

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GUJARAT ALKALIES Announces Quarterly Results (2QFY19); Net Profit Up 63.9%
Mon, 5 Nov

GUJARAT ALKALIES has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

GUJARAT ALKALIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m5,9507,5297,7172.5%29.7%
Other incomeRs m2788713959.7%-49.9%
TurnoverRs m6,2287,6167,8563.2%26.1%
ExpensesRs m4,3414,6554,9366.0%13.7%
Gross profitRs m1,6102,8742,782-3.2%72.8%
DepreciationRs m3683283568.7%-3.1%
InterestRs m363939-1.0%9.6%
Profit before taxRs m1,4842,5942,526-2.6%70.2%
TaxRs m4207627822.6%86.1%
Profit after taxRs m1,0641,8321,744-4.8%63.9%
Gross profit margin%27.138.236.0
Effective tax rate%28.329.431.0
Net profit margin%17.124.122.2
* 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 29.7% on a year-on-year (YoY) basis. The expenses were up by 13.7% YoY during the same period.
  • The company's operating profit increased by 72.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 36.0% in 2QFY19 as against 27.1% in 2QFY18.
  • Depreciation charges declined by 3.1% and finance costs increased by 9.6% YoY, respectively.
  • Other income declined by 49.9% YoY during the quarter.
  • Net profit for the quarter increased by 63.9% YoY. Net profit margins during the quarter increased from 17.1% in 2QFY18 to 22.2% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.0% QoQ during the same period.
  • The company's operating profit declined by 3.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 36.0% in 2QFY19 as against 38.2% in 1QFY18.
  • Net profit for the quarter declined by 4.8% QoQ, while net profit margins declined from 24.1% in 1QFY18 to 22.2% in 2QFY19.

To see how GUJARAT ALKALIES has performed over the last eight quarters, please visit here.

GUJARAT ALKALIES Share Price Performance

Over the last one year, GUJARAT ALKALIES share price has moved up from Rs 767.7 to Rs 593.5, registering a Loss of Rs 174.2 or around 22.7%.

Overall, the S&P BSE SENSEX is up 4.0% over the year.

Current Valuations

At the current price of Rs 593.5, the price to earnings (P/E) ratio of GUJARAT ALKALIES stands at 6.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.1 times.

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