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

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KESORAM IND Announces Quarterly Results (3QFY19); Net Profit Down 167.2%
Fri, 22 Feb

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

KESORAM IND Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m8,8309,2629,8426.3%11.5%
Other incomeRs m1,582277201-27.4%-87.3%
TurnoverRs m10,4129,53810,0435.3%-3.5%
ExpensesRs m9,0949,0599,7047.1%6.7%
Gross profitRs m-678203138-31.7%
DepreciationRs m2853503510.2%23.3%
InterestRs m1,0511,0911,1424.6%8.6%
Profit before taxRs m-432-963-1,154
TaxRs m0000.0%0.0%
Profit after taxRs m-432-963-1,154
Gross profit margin%-7.72.21.4
Effective tax rate%0.00.00.0
Net profit margin%-4.1-10.1-11.5
* 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 11.5% on a year-on-year (YoY) basis. The expenses were up by 6.7% YoY during the same period.
  • The company's operating profit declined by 120.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 1.4% in 3QFY19 as against 7.7% in 3QFY18.
  • Depreciation charges increased by 23.3% and finance costs increased by 8.6% YoY, respectively.
  • Other income declined by 87.3% YoY during the quarter.
  • Net profit for the quarter declined by 167.2% YoY. Net profit margins during the quarter declined from -4.1% in 3QFY18 to -11.5% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 6.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.1% QoQ during the same period.
  • The company's operating profit declined by 31.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 1.4% in 3QFY19 as against 2.2% in 2QFY18.
  • Net profit for the quarter declined by 19.8% QoQ, while net profit margins declined from -10.1% in 2QFY18 to -11.5% in 3QFY19.

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 128.6 to Rs 61.4, registering a Loss of Rs 67.2 or around 52.2%.

Overall, the S&P BSE SENSEX is up 6.0% over the year.

Current Valuations

At the current price of Rs 61.4, the price to book value (P/BV) ratio of KESORAM IND stands at 1.3 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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For the quarter ended September 2018, KESORAM IND has posted a net profit of Rs 962 m (up 31.0% YoY). Sales on the other hand came in at Rs 9 bn (up 10.2% YoY). Read on for a complete analysis of KESORAM IND's quarterly results.

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