KANORIA CHEMICALS Announces Quarterly Results (3QFY19); Net Profit Down 390.0%

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KANORIA CHEMICALS Announces Quarterly Results (3QFY19); Net Profit Down 390.0%
Wed, 20 Feb

KANORIA CHEMICALS has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

KANORIA CHEMICALS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m8831,2591,153-8.4%30.5%
Other incomeRs m377913-84.1%-66.4%
TurnoverRs m9211,3371,165-12.9%26.5%
ExpensesRs m8361,1841,113-6.0%33.1%
Gross profitRs m477411-84.6%-75.8%
DepreciationRs m605150-2.9%-17.3%
InterestRs m18256-76.8%-67.8%
Profit before taxRs m677-32-141.1%-592.2%
TaxRs m023-14-160.3%-3625.0%
Profit after taxRs m653-17-132.6%-390.0%
Gross profit margin%5.35.91.0
Effective tax rate%6.330.544.8
Net profit margin%0.74.0-1.5
* 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 30.5% on a year-on-year (YoY) basis. The expenses were up by 33.1% YoY during the same period.
  • The company's operating profit declined by 75.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 1.0% in 3QFY19 as against 5.3% in 3QFY18.
  • Depreciation charges declined by 17.3% and finance costs declined by 67.8% YoY, respectively.
  • Other income declined by 66.4% YoY during the quarter.
  • Net profit for the quarter declined by 390.0% YoY. Net profit margins during the quarter declined from 0.7% in 3QFY18 to -1.5% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 8.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.0% QoQ during the same period.
  • The company's operating profit declined by 84.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 1.0% in 3QFY19 as against 5.9% in 2QFY18.
  • Net profit for the quarter declined by 132.6% QoQ, while net profit margins declined from 4.0% in 2QFY18 to -1.5% in 3QFY19.

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 up from Rs 77.6 to Rs 56.9, registering a Loss of Rs 20.7 or around 26.7%.

Overall, the S&P BSE SENSEX is up 5.4% over the year.

Current Valuations

At the current price of Rs 56.9, the price to earnings (P/E) ratio of KANORIA CHEMICALS stands at 44.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.4 times.

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