INDIA GLYCOLS Announces Quarterly Results (4QFY19); Net Profit Down 32.9%

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INDIA GLYCOLS Announces Quarterly Results (4QFY19); Net Profit Down 32.9%
Mon, 27 May

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

INDIA GLYCOLS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m10,24512,38813,95512.6%36.2%
Other incomeRs m671397643.5%45.6%
TurnoverRs m10,31212,40214,05213.3%36.3%
ExpensesRs m9,25011,33513,08415.4%41.4%
Gross profitRs m9951,054871-17.3%-12.4%
DepreciationRs m1741781853.5%6.2%
InterestRs m260353348-1.6%33.6%
Profit before taxRs m628535436-18.4%-30.5%
TaxRs m220185163-12.3%-26.0%
Profit after taxRs m408350274-21.7%-32.9%
Gross profit margin%9.78.56.2
Effective tax rate%35.034.637.3
Net profit margin%4.02.81.9
* 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 36.2% on a year-on-year (YoY) basis. The expenses were up by 41.4% YoY during the same period.
  • The company's operating profit declined by 12.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.2% in 4QFY19 as against 9.7% in 4QFY18.
  • Depreciation charges increased by 6.2% and finance costs increased by 33.6% YoY, respectively.
  • Other income increased by 45.6% YoY during the quarter.
  • Net profit for the quarter declined by 32.9% YoY. Net profit margins during the quarter declined from 4.0% in 4QFY18 to 1.9% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 12.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 15.4% QoQ during the same period.
  • The company's operating profit declined by 17.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.2% in 4QFY19 as against 8.5% in 3QFY18.
  • Net profit for the quarter declined by 21.7% QoQ, while net profit margins declined from 2.8% in 3QFY18 to 1.9% in 4QFY19.

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

INDIA GLYCOLS Share Price Performance

Over the last one year, INDIA GLYCOLS share price has moved up from Rs 509.2 to Rs 273.4, registering a Loss of Rs 235.8 or around 46.3%.

Overall, the S&P BSE SENSEX is up 14.2% over the year.

Current Valuations

At the current price of Rs 273.4, the price to earnings (P/E) ratio of INDIA GLYCOLS stands at 5.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.0 times.

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For the quarter ended December 2018, INDIA GLYCOLS has posted a net profit of Rs 350 m (up 1.9% YoY). Sales on the other hand came in at Rs 12 bn (up 25.9% YoY). Read on for a complete analysis of INDIA GLYCOLS's quarterly results.

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