KANSAI NEROLAC Announces Quarterly Results (2QFY21); Net Profit Down 18.0%

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KANSAI NEROLAC Announces Quarterly Results (2QFY21); Net Profit Down 18.0%
Fri, 6 Nov

KANSAI NEROLAC has announced its results for the quarter ended September 2020. Here is a detailed performance review of the same:

KANSAI NEROLAC Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-19*
3
Jun-20*
3
Sep-20*
QoQ ChangeYoY Change
Net SalesRs m12,4355,98112,881115.4%3.6%
Other incomeRs m397943-45.3%10.2%
TurnoverRs m12,4756,06012,924113.3%3.6%
ExpensesRs m10,3065,17510,28798.8%-0.2%
Gross profitRs m2,1298052,486208.7%16.7%
DepreciationRs m2863183303.8%15.3%
InterestRs m121311-15.9%-10.5%
Profit before taxRs m1,8705532,188295.7%17.0%
TaxRs m-64126602378.6%
Profit after taxRs m1,9344271,586271.2%-18.0%
Gross profit margin%17.113.519.3
Effective tax rate%-3.422.827.5
Net profit margin%15.57.012.3
* 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 3.6% on a year-on-year (YoY) basis. The expenses were down by 0.2% YoY during the same period.
  • The company's operating profit increased by 16.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.3% in 2QFY21 as against 17.1% in 2QFY20.
  • Depreciation charges increased by 15.3% and finance costs declined by 10.5% YoY, respectively.
  • Other income increased by 10.2% YoY during the quarter.
  • Net profit for the quarter declined by 18.0% YoY. Net profit margins during the quarter declined from 15.5% in 2QFY20 to 12.3% in 2QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 115.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 98.8% QoQ during the same period.
  • The company's operating profit increased by 208.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.3% in 2QFY21 as against 13.5% in 1QFY20.
  • Net profit for the quarter increased by 271.2% QoQ, while net profit margins increased from 7.0% in 1QFY20 to 12.3% in 2QFY21.

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

Know More: Which way are the markets & the mutual fund industry headed?

KANSAI NEROLAC Share Price Performance

Over the last one year, KANSAI NEROLAC share price has moved down from Rs 530.3 to Rs 517.7, registering a Loss of Rs 12.7 or around 2.4%.

Overall, the S&P BSE SENSEX is up 3.6% over the year.

Current Valuations

At the current price of Rs 517.7, the price to earnings (P/E) ratio of KANSAI NEROLAC stands at 70.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.2 times.

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