KANSAI NEROLAC Announces Quarterly Results (2QFY20); Net Profit Up 58.5%

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KANSAI NEROLAC Announces Quarterly Results (2QFY20); Net Profit Up 58.5%
Mon, 4 Nov

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

KANSAI NEROLAC Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m12,86314,63512,435-15.0%-3.3%
Other incomeRs m2166539-39.5%-81.8%
TurnoverRs m13,07914,70012,475-15.1%-4.6%
ExpensesRs m10,98912,14510,306-15.1%-6.2%
Gross profitRs m1,8732,4902,129-14.5%13.7%
DepreciationRs m2312782863.1%24.1%
InterestRs m01312-1.6%0.0%
Profit before taxRs m1,8592,2651,870-17.4%0.6%
TaxRs m639786-64-108.1%-110.0%
Profit after taxRs m1,2201,4791,93430.8%58.5%
Gross profit margin%14.617.017.1
Effective tax rate%34.434.7-3.4
Net profit margin%9.310.115.5
* 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 3.3% on a year-on-year (YoY) basis. The expenses were down by 6.2% YoY during the same period.
  • The company's operating profit increased by 13.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.1% in 2QFY20 as against 14.6% in 2QFY19.
  • Depreciation charges increased by 24.1% and finance costs increased by 0.0% YoY, respectively.
  • Other income declined by 81.8% YoY during the quarter.
  • Net profit for the quarter increased by 58.5% YoY. Net profit margins during the quarter increased from 9.3% in 2QFY19 to 15.5% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 15.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 15.1% QoQ during the same period.
  • The company's operating profit declined by 14.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.1% in 2QFY20 as against 17.0% in 1QFY19.
  • Net profit for the quarter increased by 30.8% QoQ, while net profit margins increased from 10.1% in 1QFY19 to 15.5% in 2QFY20.

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

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KANSAI NEROLAC Share Price Performance

Over the last one year,KANSAI NEROLAC share price has moved up from Rs 387.4 to Rs 535.9, registering a Gain of Rs 148.5 or around 38.3%.

Overall, the S&P BSE SENSEX is up 17.2% over the year.

Current Valuations

At the current price of Rs 535.9, the price to earnings (P/E) ratio of KANSAI NEROLAC stands at 52.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.5 times.

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