GUJARAT ALKALIES Announces Quarterly Results (3QFY20); Net Profit Down 63.1%

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GUJARAT ALKALIES Announces Quarterly Results (3QFY20); Net Profit Down 63.1%
Tue, 11 Feb

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

GUJARAT ALKALIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m8,1636,9886,556-6.2%-19.7%
Other incomeRs m236367182-50.4%-22.9%
TurnoverRs m8,3987,3556,738-8.4%-19.8%
ExpensesRs m5,4015,4745,6122.5%3.9%
Gross profitRs m2,7611,514944-37.6%-65.8%
DepreciationRs m3703833881.3%5.0%
InterestRs m88324022.6%-55.0%
Profit before taxRs m2,5391,465698-52.4%-72.5%
TaxRs m916442100-77.5%-89.1%
Profit after taxRs m1,6231,023598-41.5%-63.1%
Gross profit margin%33.821.714.4
Effective tax rate%36.130.214.3
Net profit margin%19.313.98.9
* 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 19.7% on a year-on-year (YoY) basis. The expenses were up by 3.9% YoY during the same period.
  • The company's operating profit declined by 65.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.4% in 3QFY20 as against 33.8% in 3QFY19.
  • Depreciation charges increased by 5.0% and finance costs declined by 55.0% YoY, respectively.
  • Other income declined by 22.9% YoY during the quarter.
  • Net profit for the quarter declined by 63.1% YoY. Net profit margins during the quarter declined from 19.3% in 3QFY19 to 8.9% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 6.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.5% QoQ during the same period.
  • The company's operating profit declined by 37.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.4% in 3QFY20 as against 21.7% in 2QFY19.
  • Net profit for the quarter declined by 41.5% QoQ, while net profit margins declined from 13.9% in 2QFY19 to 8.9% in 3QFY20.

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 482.1 to Rs 356.2, registering a Loss of Rs 125.9 or around 26.1%.

Overall, the S&P BSE SENSEX is up 13.6% over the year.

Current Valuations

At the current price of Rs 356.2, the price to earnings (P/E) ratio of GUJARAT ALKALIES stands at 5.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

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