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KANSAI NEROLAC Announces Quarterly Results (2QFY19); Net Profit Down 15.7%

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KANSAI NEROLAC Announces Quarterly Results (2QFY19); Net Profit Down 15.7%
Tue, 23 Oct

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

KANSAI NEROLAC Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m11,61813,67012,863-5.9%10.7%
Other incomeRs m167225216-4.0%29.3%
TurnoverRs m11,78513,89513,079-5.9%11.0%
ExpensesRs m9,43111,55510,989-4.9%16.5%
Gross profitRs m2,1882,1151,873-11.4%-14.4%
DepreciationRs m18720423113.1%23.4%
InterestRs m0000.0%0.0%
Profit before taxRs m2,1682,1371,859-13.0%-14.3%
TaxRs m722738639-13.5%-11.5%
Profit after taxRs m1,4461,3981,220-12.8%-15.7%
Gross profit margin%18.815.514.6
Effective tax rate%33.334.534.4
Net profit margin%12.310.19.3
* 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 10.7% on a year-on-year (YoY) basis. The expenses were up by 16.5% YoY during the same period.
  • The company's operating profit declined by 14.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.6% in 2QFY19 as against 18.8% in 2QFY18.
  • Depreciation charges and finance costs increased by 23.4% YoY and 0.0% YoY, respectively.
  • Other income increased by 29.3% YoY during the quarter.
  • Net profit for the quarter declined by 15.7% YoY. Net profit margins during the quarter declined from 12.3% in 2QFY18 to 9.3% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 4.9% QoQ during the same period.
  • The company's operating profit declined by 11.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.6% in 2QFY19 as against 15.5% in 1QFY18.
  • Net profit for the quarter declined by 12.8% QoQ, while net profit margins declined from 10.1% in 1QFY18 to 9.3% in 2QFY19.

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 up from Rs 490.3 to Rs 360.0, registering a Loss of Rs 130.3 or around 26.6%.

Overall, the S&P BSE SENSEX is up 4.6% over the year.

Current Valuations

At the current price of Rs 360.0, the price to earnings (P/E) ratio of KANSAI NEROLAC stands at 39.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.2 times.

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Related Views on News

KANSAI NEROLAC Announces Quarterly Results (3QFY19); Net Profit Down 9.9% (Quarterly Result Update)

Jan 30, 2019 | Updated on Jan 30, 2019

For the quarter ended December 2018, KANSAI NEROLAC has posted a net profit of Rs 1 bn (down 9.9% YoY). Sales on the other hand came in at Rs 13 bn (up 17.3% YoY). Read on for a complete analysis of KANSAI NEROLAC's quarterly results.

KANSAI NEROLAC Announces Quarterly Results (1QFY19); Net Profit Down 0.7% (Quarterly Result Update)

Jul 25, 2018 | Updated on Jul 25, 2018

For the quarter ended June 2018, KANSAI NEROLAC has posted a net profit of Rs 1 bn (down 0.7% YoY). Sales on the other hand came in at Rs 14 bn (up 3.2% YoY). Read on for a complete analysis of KANSAI NEROLAC's quarterly results.

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