KANSAI NEROLAC Announces Quarterly Results (4QFY20); Net Profit Down 23.0%

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KANSAI NEROLAC Announces Quarterly Results (4QFY20); Net Profit Down 23.0%
Thu, 7 May

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

KANSAI NEROLAC Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m11,42012,4819,880-20.8%-13.5%
Other incomeRs m25612440-67.9%-84.4%
TurnoverRs m11,67612,6069,920-21.3%-15.0%
ExpensesRs m10,03510,5638,603-18.6%-14.3%
Gross profitRs m1,3851,9191,278-33.4%-7.7%
DepreciationRs m2353143202.0%36.5%
InterestRs m012136.6%0.0%
Profit before taxRs m1,4061,717985-42.7%-30.0%
TaxRs m478490270-44.9%-43.5%
Profit after taxRs m9281,227715-41.7%-23.0%
Gross profit margin%12.115.412.9
Effective tax rate%34.028.627.4
Net profit margin%7.99.77.2
* 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 13.5% on a year-on-year (YoY) basis. The expenses were down by 14.3% YoY during the same period.
  • The company's operating profit declined by 7.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.9% in 4QFY20 as against 12.1% in 4QFY19.
  • Depreciation charges increased by 36.5% and finance costs increased by 0.0% YoY, respectively.
  • Other income declined by 84.4% YoY during the quarter.
  • Net profit for the quarter declined by 23.0% YoY. Net profit margins during the quarter declined from 7.9% in 4QFY19 to 7.2% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 20.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 18.6% QoQ during the same period.
  • The company's operating profit declined by 33.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.9% in 4QFY20 as against 15.4% in 3QFY19.
  • Net profit for the quarter declined by 41.7% QoQ, while net profit margins declined from 9.7% in 3QFY19 to 7.2% in 4QFY20.

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 down from Rs 430.1 to Rs 390.2, registering a Loss of Rs 39.9 or around 9.3%.

Overall, the S&P BSE SENSEX is down 18.1% over the year.

Current Valuations

At the current price of Rs 390.2, the price to earnings (P/E) ratio of KANSAI NEROLAC stands at 39.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.2 times.

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