KALPATARU POWER Announces Quarterly Results (2QFY20); Net Profit Up 39.0%

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KALPATARU POWER Announces Quarterly Results (2QFY20); Net Profit Up 39.0%
Thu, 14 Nov

KALPATARU POWER has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

KALPATARU POWER Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m15,74116,55019,67018.9%25.0%
Other incomeRs m175100250150.0%42.9%
TurnoverRs m15,91616,65019,92019.6%25.2%
ExpensesRs m14,03214,63017,60020.3%25.4%
Gross profitRs m1,7091,9202,0707.8%21.1%
DepreciationRs m1992602703.8%35.4%
InterestRs m28334044029.4%55.6%
Profit before taxRs m1,4021,4201,61013.4%14.9%
TaxRs m488500340-32.0%-30.3%
Profit after taxRs m9149201,27038.0%39.0%
Gross profit margin%10.911.610.5
Effective tax rate%34.835.221.1
Net profit margin%5.75.56.4
* 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 25.0% on a year-on-year (YoY) basis. The expenses were up by 25.4% YoY during the same period.
  • The company's operating profit increased by 21.1% YoY during the quarter. Consequently, operating profit margins remained same and stood at 10.5% in 2QFY20.
  • Depreciation charges increased by 35.4% and finance costs increased by 55.6% YoY, respectively.
  • Other income increased by 42.9% YoY during the quarter.
  • Net profit for the quarter increased by 39.0% YoY. Net profit margins during the quarter increased from 5.7% in 2QFY19 to 6.4% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 18.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 20.3% QoQ during the same period.
  • The company's operating profit increased by 7.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.5% in 2QFY20 as against 11.6% in 1QFY19.
  • Net profit for the quarter increased by 38.0% QoQ, while net profit margins increased from 5.5% in 1QFY19 to 6.4% in 2QFY20.

To see how KALPATARU POWER has performed over the last eight quarters,please visit here.

Get Details: These 3 Stocks are the Dark Horses of the Stock Market

KALPATARU POWER Share Price Performance

Over the last one year,KALPATARU POWER share price has moved up from Rs 357.0 to Rs 450.8, registering a Gain of Rs 93.9 or around 26.3%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,963.7 (down 0.6%). Over the last one year it has moved down from 18,309.3 to 17,963.7, a gain of 346 points (down 1.9%).

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

Current Valuations

At the current price of Rs 450.8, the price to earnings (P/E) ratio of KALPATARU POWER stands at 15.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.2 times.

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