KANSAI NEROLAC Announces Quarterly Results (3QFY20); Net Profit Up 8.8%

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KANSAI NEROLAC Announces Quarterly Results (3QFY20); Net Profit Up 8.8%
Sat, 1 Feb

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

KANSAI NEROLAC Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m13,43612,43512,4810.4%-7.1%
Other incomeRs m26939124215.2%-53.8%
TurnoverRs m13,70512,47512,6061.1%-8.0%
ExpensesRs m11,73710,30610,5632.5%-10.0%
Gross profitRs m1,7002,1291,919-9.9%12.9%
DepreciationRs m2352863149.7%33.6%
InterestRs m01212-2.4%0.0%
Profit before taxRs m1,7331,8701,717-8.2%-0.9%
TaxRs m606-64490-19.1%
Profit after taxRs m1,1271,9341,227-36.6%8.8%
Gross profit margin%12.617.115.4
Effective tax rate%35.0-3.428.6
Net profit margin%8.215.59.7
* 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 7.1% on a year-on-year (YoY) basis. The expenses were down by 10.0% YoY during the same period.
  • The company's operating profit increased by 12.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.4% in 3QFY20 as against 12.6% in 3QFY19.
  • Depreciation charges increased by 33.6% and finance costs increased by 0.0% YoY, respectively.
  • Other income declined by 53.8% YoY during the quarter.
  • Net profit for the quarter increased by 8.8% YoY. Net profit margins during the quarter increased from 8.2% in 3QFY19 to 9.7% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 0.4% 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 9.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.4% in 3QFY20 as against 17.1% in 2QFY19.
  • Net profit for the quarter declined by 36.6% QoQ, while net profit margins declined from 15.5% in 2QFY19 to 9.7% in 3QFY20.

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 456.2 to Rs 504.2, registering a Gain of Rs 48.0 or around 10.5%.

Overall, the S&P BSE SENSEX is up 12.5% over the year.

Current Valuations

At the current price of Rs 504.2, the price to earnings (P/E) ratio of KANSAI NEROLAC stands at 48.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.0 times.

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