GUJARAT ALKALIES Announces Quarterly Results (2QFY20); Net Profit Down 41.4%

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GUJARAT ALKALIES Announces Quarterly Results (2QFY20); Net Profit Down 41.4%
Thu, 14 Nov

GUJARAT ALKALIES has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

GUJARAT ALKALIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m7,7177,4866,988-6.6%-9.4%
Other incomeRs m139169367117.0%163.7%
TurnoverRs m7,8567,6557,355-3.9%-6.4%
ExpensesRs m4,9364,9655,47410.3%10.9%
Gross profitRs m2,7822,5211,514-40.0%-45.6%
DepreciationRs m3563703833.6%7.7%
InterestRs m394032-19.3%-17.2%
Profit before taxRs m2,5262,2801,465-35.7%-42.0%
TaxRs m782691442-36.0%-43.5%
Profit after taxRs m1,7441,5891,023-35.6%-41.4%
Gross profit margin%36.033.721.7
Effective tax rate%31.030.330.2
Net profit margin%22.220.813.9
* 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 9.4% on a year-on-year (YoY) basis. The expenses were up by 10.9% YoY during the same period.
  • The company's operating profit declined by 45.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21.7% in 2QFY20 as against 36.0% in 2QFY19.
  • Depreciation charges increased by 7.7% and finance costs declined by 17.2% YoY, respectively.
  • Other income increased by 163.7% YoY during the quarter.
  • Net profit for the quarter declined by 41.4% YoY. Net profit margins during the quarter declined from 22.2% in 2QFY19 to 13.9% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 6.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 10.3% QoQ during the same period.
  • The company's operating profit declined by 40.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21.7% in 2QFY20 as against 33.7% in 1QFY19.
  • Net profit for the quarter declined by 35.6% QoQ, while net profit margins declined from 20.8% in 1QFY19 to 13.9% in 2QFY20.

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

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GUJARAT ALKALIES Share Price Performance

Over the last one year,GUJARAT ALKALIES share price has moved down from Rs 581.8 to Rs 411.3, registering a Loss of Rs 170.5 or around 29.3%.

Overall, the S&P BSE SENSEX is up 14.3% over the year.

Current Valuations

At the current price of Rs 411.3, the price to earnings (P/E) ratio of GUJARAT ALKALIES stands at 5.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.7 times.

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