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GUJARAT ALKALIES Announces Quarterly Results (3QFY19); Net Profit Up 44.6%

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GUJARAT ALKALIES Announces Quarterly Results (3QFY19); Net Profit Up 44.6%
Fri, 1 Feb

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

GUJARAT ALKALIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m6,1767,7178,1635.8%32.2%
Other incomeRs m9913923669.5%137.5%
TurnoverRs m6,2757,8568,3986.9%33.8%
ExpensesRs m4,3864,9365,4019.4%23.1%
Gross profitRs m1,7902,7822,761-0.7%54.3%
DepreciationRs m3113563703.8%18.9%
InterestRs m373988125.6%137.2%
Profit before taxRs m1,5412,5262,5390.5%64.8%
TaxRs m41978291617.2%118.7%
Profit after taxRs m1,1221,7441,623-6.9%44.6%
Gross profit margin%29.036.033.8
Effective tax rate%27.231.036.1
Net profit margin%17.922.219.3
* 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 grew 32.2% on a year-on-year (YoY) basis. The expenses were up by 23.1% YoY during the same period.
  • The company's operating profit increased by 54.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 33.8% in 3QFY19 as against 29.0% in 3QFY18.
  • Depreciation charges increased by 18.9% and finance costs increased by 137.2% YoY, respectively.
  • Other income increased by 137.5% YoY during the quarter.
  • Net profit for the quarter increased by 44.6% YoY. Net profit margins during the quarter increased from 17.9% in 3QFY18 to 19.3% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 5.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 9.4% QoQ during the same period.
  • The company's operating profit declined by 0.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 33.8% in 3QFY19 as against 36.0% in 2QFY18.
  • Net profit for the quarter declined by 6.9% QoQ, while net profit margins declined from 22.2% in 2QFY18 to 19.3% in 3QFY19.

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 751.9 to Rs 512.5, registering a Loss of Rs 239.4 or around 31.8%.

Overall, the S&P BSE SENSEX is up 1.2% over the year.

Current Valuations

At the current price of Rs 512.5, 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 1.0 times.

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