KRBL Announces Quarterly Results (2QFY20); Net Profit Down 27.9%

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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 ChangeYoY Change
Net SalesRs m12,44812,1778,898-26.9%-28.5%
Other incomeRs m562362167.5%11.0%
TurnoverRs m12,50412,2008,960-26.6%-28.3%
ExpensesRs m10,1099,8027,237-26.2%-28.4%
Gross profitRs m2,3392,3751,661-30.1%-29.0%
DepreciationRs m1681761939.7%15.2%
InterestRs m922873-68.0%693.5%
Profit before taxRs m2,2181,9941,457-26.9%-34.3%
TaxRs m646633323-48.9%-50.0%
Profit after taxRs m1,5721,3611,134-16.7%-27.9%
Gross profit margin%18.819.518.7
Effective tax rate%29.131.722.2
Net profit margin%12.611.212.7
* 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 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.

Now or Never: Access Details of the No. 1 Small Cap Stock of 2020
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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