INDIA GLYCOLS Announces Quarterly Results (3QFY20); Net Profit Down 16.2%

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INDIA GLYCOLS Announces Quarterly Results (3QFY20); Net Profit Down 16.2%
Wed, 12 Feb

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

INDIA GLYCOLS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m12,38814,90615,2442.3%23.1%
Other incomeRs m134618-61.7%34.4%
TurnoverRs m12,40214,95215,2622.1%23.1%
ExpensesRs m11,33513,74714,3614.5%26.7%
Gross profitRs m1,0541,159883-23.8%-16.2%
DepreciationRs m178212196-7.5%9.7%
InterestRs m353383330-13.9%-6.7%
Profit before taxRs m535610375-38.5%-29.9%
TaxRs m18521082-60.9%-55.8%
Profit after taxRs m350401293-26.8%-16.2%
Gross profit margin%8.57.85.8
Effective tax rate%34.634.421.8
Net profit margin%2.82.71.9
* 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 23.1% on a year-on-year (YoY) basis. The expenses were up by 26.7% YoY during the same period.
  • The company's operating profit declined by 16.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.8% in 3QFY20 as against 8.5% in 3QFY19.
  • Depreciation charges increased by 9.7% and finance costs declined by 6.7% YoY, respectively.
  • Other income increased by 34.4% YoY during the quarter.
  • Net profit for the quarter declined by 16.2% YoY. Net profit margins during the quarter declined from 2.8% in 3QFY19 to 1.9% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.5% QoQ during the same period.
  • The company's operating profit declined by 23.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.8% in 3QFY20 as against 7.8% in 2QFY19.
  • Net profit for the quarter declined by 26.8% QoQ, while net profit margins declined from 2.7% in 2QFY19 to 1.9% in 3QFY20.

To see how INDIA GLYCOLS has performed over the last eight quarters,please visit here.

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INDIA GLYCOLS Share Price Performance

Over the last one year,INDIA GLYCOLS share price has moved up from Rs 252.3 to Rs 280.4, registering a Gain of Rs 28.1 or around 11.1%.

Overall, the S&P BSE SENSEX is up 14.3% over the year.

Current Valuations

At the current price of Rs 280.4, the price to earnings (P/E) ratio of INDIA GLYCOLS stands at 6.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.

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