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KESORAM IND Announces Quarterly Results (2QFY19); Net Profit Up 31.0%

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KESORAM IND Announces Quarterly Results (2QFY19); Net Profit Up 31.0%
Tue, 20 Nov

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

KESORAM IND Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m8,4069,3179,262-0.6%10.2%
Other incomeRs m179292277-5.3%54.2%
TurnoverRs m8,5859,6099,538-0.7%11.1%
ExpensesRs m8,4618,9189,0591.6%7.1%
Gross profitRs m-155399203-49.3%
DepreciationRs m34231335012.0%2.3%
InterestRs m1,0791,0131,0917.8%1.2%
Profit before taxRs m-1,396-634-963
TaxRs m0000.0%0.0%
Profit after taxRs m-1,396-634-963
Gross profit margin%-1.84.32.2
Effective tax rate%0.00.00.0
Net profit margin%-16.3-6.6-10.1
* 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 10.2% on a year-on-year (YoY) basis. The expenses were up by 7.1% YoY during the same period.
  • The company's operating profit declined by 231.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 2.2% in 2QFY19 as against 1.8% in 2QFY18.
  • Depreciation charges increased by 2.3% and finance costs increased by 1.2% YoY, respectively.
  • Other income increased by 54.2% YoY during the quarter.
  • Net profit for the quarter increased by 31.0% YoY. Net profit margins during the quarter increased from -16.3% in 2QFY18 to -10.1% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.6% QoQ during the same period.
  • The company's operating profit declined by 49.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2.2% in 2QFY19 as against 4.3% in 1QFY18.
  • Net profit for the quarter declined by 51.8% QoQ, while net profit margins declined from -6.6% in 1QFY18 to -10.1% in 2QFY19.

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 121.4 to Rs 61.9, registering a Loss of Rs 59.5 or around 49.0%.

Overall, the S&P BSE SENSEX is up 6.9% over the year.

Current Valuations

At the current price of Rs 61.9, the price to book value (P/BV) ratio of KESORAM IND stands at 2.3 times.

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KESORAM IND Announces Quarterly Results (3QFY19); Net Profit Down 167.2% (Quarterly Result Update)

Feb 22, 2019 | Updated on Feb 22, 2019

For the quarter ended December 2018, KESORAM IND has posted a net profit of Rs 1 bn (down 167.2% YoY). Sales on the other hand came in at Rs 10 bn (up 11.5% YoY). Read on for a complete analysis of KESORAM IND's quarterly results.

KESORAM IND 2017-18 Annual Report Analysis (Annual Result Update)

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Here's an analysis of the annual report of KESORAM IND for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of KESORAM IND. Also includes updates on the valuation of KESORAM IND.

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

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For the quarter ended June 2018, KESORAM IND has posted a net profit of Rs 634 m (up 48.3% YoY). Sales on the other hand came in at Rs 9 bn (down 6.4% YoY). Read on for a complete analysis of KESORAM IND's quarterly results.

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