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KESORAM IND Announces Quarterly Results (1QFY19); Net Profit Up 48.3%

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KESORAM IND Announces Quarterly Results (1QFY19); Net Profit Up 48.3%
Mon, 20 Aug

KESORAM IND has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

KESORAM IND Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m9,9579,8539,317-5.4%-6.4%
Other incomeRs m198326292-10.3%47.7%
TurnoverRs m10,15410,1799,609-5.6%-5.4%
ExpensesRs m9,94810,2358,918-12.9%-10.4%
Gross profitRs m-231-382399
DepreciationRs m311344313-9.1%0.4%
InterestRs m8811,2021,013-15.7%15.0%
Profit before taxRs m-1,226-1,602-634
TaxRs m0-2000.0%
Profit after taxRs m-1,226-1,582-634
Gross profit margin%-2.3-3.94.3
Effective tax rate%0.01.20.0
Net profit margin%-12.1-15.5-6.6
* 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 fell 6.4% on a year-on-year (YoY) basis. The expenses were down by 10.4% YoY during the same period.
  • The company's operating profit declined by 272.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 4.3% in 1QFY19 as against 2.3% in 1QFY18.
  • Depreciation charges and finance costs increased by 0.4% YoY and 15.0% YoY, respectively.
  • Other income increased by 47.7% YoY during the quarter.
  • Net profit for the quarter increased by 48.3% YoY. Net profit margins during the quarter increased from -12.1% in 1QFY18 to -6.6% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 12.9% QoQ during the same period.
  • The company's operating profit increased by 204.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 4.3% in 1QFY19 as against 3.9% in 4QFY18.
  • Net profit for the quarter increased by 59.9% QoQ, while net profit margins increased from -15.5% in 4QFY18 to -6.6% in 1QFY19.

To see how KESORAM IND has performed over the last eight quarters, please visit here.

KESORAM IND Share Price Performance

Over the last one year, KESORAM IND share price has moved up from Rs 130.1 to Rs 81.6, registering a Loss of Rs 48.6 or around 37.3%.

Overall, the S&P BSE SENSEX is up 20.5% over the year.

Current Valuations

At the current price of Rs 81.6, the price to book value (P/BV) ratio of KESORAM IND stands at 3.0 times.

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For the quarter ended March 2019, KESORAM IND has posted a net profit of Rs 208 m (up 113.1% YoY). Sales on the other hand came in at Rs 10 bn (up 5.2% YoY). Read on for a complete analysis of KESORAM IND's quarterly results.

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