KANORIA CHEMICALS Announces Quarterly Results (4QFY19); Net Profit Up 5250.0%

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KANORIA CHEMICALS Announces Quarterly Results (4QFY19); Net Profit Up 5250.0%
Tue, 4 Jun

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

KANORIA CHEMICALS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m9311,1531,049-9.0%12.7%
Other incomeRs m53131630.4%-69.4%
TurnoverRs m9841,1651,065-8.6%8.2%
ExpensesRs m9051,113967-13.1%6.9%
Gross profitRs m261181614.0%211.9%
DepreciationRs m495049-1.4%-1.0%
InterestRs m20619229.3%-4.5%
Profit before taxRs m10-3230200.0%
TaxRs m10-148-12.6%
Profit after taxRs m0-17215250.0%
Gross profit margin%2.81.07.8
Effective tax rate%96.044.827.9
Net profit margin%0.0-1.52.0
* 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 12.7% on a year-on-year (YoY) basis. The expenses were up by 6.9% YoY during the same period.
  • The company's operating profit increased by 211.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 7.8% in 4QFY19 as against 2.8% in 4QFY18.
  • Depreciation charges declined by 1.0% and finance costs declined by 4.5% YoY, respectively.
  • Other income declined by 69.4% YoY during the quarter.
  • Net profit for the quarter increased by 5250.0% YoY. Net profit margins during the quarter increased from 0.0% in 4QFY18 to 2.0% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 9.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 13.1% QoQ during the same period.
  • The company's operating profit increased by 614.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 7.8% in 4QFY19 as against 1.0% in 3QFY18.
  • Net profit for the quarter increased by 223.0% QoQ, while net profit margins increased from -1.5% in 3QFY18 to 2.0% in 4QFY19.

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 65.4 to Rs 65.4, registering a Loss of Rs 0.1 or around 0.1%.

Overall, the S&P BSE SENSEX is up 14.8% over the year.

Current Valuations

At the current price of Rs 65.4, the price to earnings (P/E) ratio of KANORIA CHEMICALS stands at 37.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.5 times.

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