KANSAI NEROLAC Announces Quarterly Results (1QFY20); Net Profit Up 5.8%

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KANSAI NEROLAC Announces Quarterly Results (1QFY20); Net Profit Up 5.8%
Wed, 31 Jul

KANSAI NEROLAC has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

KANSAI NEROLAC Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m13,67011,42014,63528.2%7.1%
Other incomeRs m22525665-74.6%-71.1%
TurnoverRs m13,89511,67614,70025.9%5.8%
ExpensesRs m11,55510,03512,14521.0%5.1%
Gross profitRs m2,1151,3852,49079.9%17.7%
DepreciationRs m20423527818.3%36.2%
InterestRs m00130.0%0.0%
Profit before taxRs m2,1371,4062,26561.1%6.0%
TaxRs m73847878664.5%6.5%
Profit after taxRs m1,3989281,47959.3%5.8%
Gross profit margin%15.512.117.0
Effective tax rate%34.534.034.7
Net profit margin%10.17.910.1
* 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 7.1% on a year-on-year (YoY) basis. The expenses were up by 5.1% YoY during the same period.
  • The company's operating profit increased by 17.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.0% in 1QFY20 as against 15.5% in 1QFY19.
  • Depreciation charges increased by 36.2% and finance costs increased by 0.0% YoY, respectively.
  • Other income declined by 71.1% YoY during the quarter.
  • Net profit for the quarter increased by 5.8% YoY. Net profit margins during the quarter declined from 10.1% in 1QFY19 to 10.1% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 28.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 21.0% QoQ during the same period.
  • The company's operating profit increased by 79.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.0% in 1QFY20 as against 12.1% in 4QFY19.
  • Net profit for the quarter increased by 59.3% QoQ, while net profit margins increased from 7.9% in 4QFY19 to 10.1% in 1QFY20.

To see how KANSAI NEROLAC has performed over the last eight quarters,please visit here.

KANSAI NEROLAC Share Price Performance

Over the last one year,KANSAI NEROLAC share price has moved down from Rs 477.2 to Rs 425.6, registering a Loss of Rs 51.6 or around 10.8%.

Overall, the S&P BSE SENSEX is down 0.7% over the year.

Current Valuations

At the current price of Rs 425.6, the price to earnings (P/E) ratio of KANSAI NEROLAC stands at 48.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.7 times.

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KANSAI NEROLAC Announces Quarterly Results (4QFY19); Net Profit Down 12.3% (Quarterly Result Update)

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For the quarter ended March 2019, KANSAI NEROLAC has posted a net profit of Rs 928 m (down 12.3% YoY). Sales on the other hand came in at Rs 11 bn (up 3.5% YoY). Read on for a complete analysis of KANSAI NEROLAC's quarterly results.

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