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- KRBL Announces Quarterly Results (2QFY20); Net Profit Down 27.9%
KRBL Announces Quarterly Results (2QFY20); Net Profit Down 27.9%
Mon, 11 Nov
KRBL has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:
KRBL Quarterly Financials
| No. of Mths Qtr. Ending | 3 Sep-18* | 3 Jun-19* | 3 Sep-19* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 12,448 | 12,177 | 8,898 | -26.9% | -28.5% |
| Other income | Rs m | 56 | 23 | 62 | 167.5% | 11.0% |
| Turnover | Rs m | 12,504 | 12,200 | 8,960 | -26.6% | -28.3% |
| Expenses | Rs m | 10,109 | 9,802 | 7,237 | -26.2% | -28.4% |
| Gross profit | Rs m | 2,339 | 2,375 | 1,661 | -30.1% | -29.0% |
| Depreciation | Rs m | 168 | 176 | 193 | 9.7% | 15.2% |
| Interest | Rs m | 9 | 228 | 73 | -68.0% | 693.5% |
| Profit before tax | Rs m | 2,218 | 1,994 | 1,457 | -26.9% | -34.3% |
| Tax | Rs m | 646 | 633 | 323 | -48.9% | -50.0% |
| Profit after tax | Rs m | 1,572 | 1,361 | 1,134 | -16.7% | -27.9% |
| Gross profit margin | % | 18.8 | 19.5 | 18.7 | ||
| Effective tax rate | % | 29.1 | 31.7 | 22.2 | ||
| Net profit margin | % | 12.6 | 11.2 | 12.7 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter fell 28.5% on a year-on-year (YoY) basis. The expenses were down by 28.4% YoY during the same period.
- The company's operating profit declined by 29.0% YoY during the quarter. Consequently, operating profit margins remained same and stood at 18.7% in 2QFY20.
- Depreciation charges increased by 15.2% and finance costs increased by 693.5% YoY, respectively.
- Other income increased by 11.0% YoY during the quarter.
- Net profit for the quarter declined by 27.9% YoY. Net profit margins during the quarter increased from 12.6% in 2QFY19 to 12.7% in 2QFY20.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter fell 26.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 26.2% QoQ during the same period.
- The company's operating profit declined by 30.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.7% in 2QFY20 as against 19.5% in 1QFY19.
- Net profit for the quarter declined by 16.7% QoQ, while net profit margins increased from 11.2% in 1QFY19 to 12.7% in 2QFY20.
To see how KRBL has performed over the last eight quarters,please visit here.
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KRBL Share Price Performance
Over the last one year,KRBL share price has moved down from Rs 339.2 to Rs 207.0, registering a Loss of Rs 132.2 or around 39.0%.
Overall, the S&P BSE SENSEX is up 14.3% over the year.
Current Valuations
At the current price of Rs 207.0, the price to earnings (P/E) ratio of KRBL stands at 9.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.8 times.
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