KANORIA CHEMICALS Announces Quarterly Results (1QFY20); Net Profit Down 19.3%

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KANORIA CHEMICALS Announces Quarterly Results (1QFY20); Net Profit Down 19.3%
Mon, 19 Aug

KANORIA CHEMICALS has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

KANORIA CHEMICALS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m1,0161,0491,032-1.6%1.6%
Other incomeRs m26163085.9%17.9%
TurnoverRs m1,0411,0651,062-0.2%2.0%
ExpensesRs m9449679730.6%3.0%
Gross profitRs m718159-27.4%-17.0%
DepreciationRs m514949-0.4%-4.5%
InterestRs m141918-4.2%28.0%
Profit before taxRs m323022-24.6%-29.1%
TaxRs m1287-16.9%-44.4%
Profit after taxRs m192116-27.6%-19.3%
Gross profit margin%7.07.85.7
Effective tax rate%39.227.930.8
Net profit margin%1.82.01.5
* 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 1.6% on a year-on-year (YoY) basis. The expenses were up by 3.0% YoY during the same period.
  • The company's operating profit declined by 17.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.7% in 1QFY20 as against 7.0% in 1QFY19.
  • Depreciation charges declined by 4.5% and finance costs increased by 28.0% YoY, respectively.
  • Other income increased by 17.9% YoY during the quarter.
  • Net profit for the quarter declined by 19.3% YoY. Net profit margins during the quarter declined from 1.8% in 1QFY19 to 1.5% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.6% QoQ during the same period.
  • The company's operating profit declined by 27.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.7% in 1QFY20 as against 7.8% in 4QFY19.
  • Net profit for the quarter declined by 27.6% QoQ, while net profit margins declined from 2.0% in 4QFY19 to 1.5% in 1QFY20.

To see how KANORIA CHEMICALS has performed over the last eight quarters,please visit here.

KANORIA CHEMICALS Share Price Performance

Over the last one year,KANORIA CHEMICALS share price has moved down from Rs 70.2 to Rs 40.5, registering a Loss of Rs 29.7 or around 42.3%.

Overall, the S&P BSE SENSEX is down 0.0% over the year.

Current Valuations

At the current price of Rs 40.5, the price to earnings (P/E) ratio of KANORIA CHEMICALS stands at 24.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.3 times.

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