KRBL Announces Quarterly Results (3QFY20); Net Profit Up 48.3%

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KRBL Announces Quarterly Results (3QFY20); Net Profit Up 48.3%
Thu, 30 Jan

KRBL has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

KRBL Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m9,3588,89813,29049.4%42.0%
Other incomeRs m536246-25.4%-12.4%
TurnoverRs m9,4118,96013,33648.8%41.7%
ExpensesRs m7,3257,23710,90450.7%48.9%
Gross profitRs m2,0331,6612,38643.6%17.4%
DepreciationRs m155193180-6.9%16.2%
InterestRs m2867313989.9%-51.6%
Profit before taxRs m1,6451,4572,11445.1%28.5%
TaxRs m57332352462.2%-8.5%
Profit after taxRs m1,0721,1341,59040.2%48.3%
Gross profit margin%21.718.718.0
Effective tax rate%34.822.224.8
Net profit margin%11.412.711.9
* 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 42.0% on a year-on-year (YoY) basis. The expenses were up by 48.9% YoY during the same period.
  • The company's operating profit increased by 17.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.0% in 3QFY20 as against 21.7% in 3QFY19.
  • Depreciation charges increased by 16.2% and finance costs declined by 51.6% YoY, respectively.
  • Other income declined by 12.4% YoY during the quarter.
  • Net profit for the quarter increased by 48.3% YoY. Net profit margins during the quarter increased from 11.4% in 3QFY19 to 11.9% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 49.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 50.7% QoQ during the same period.
  • The company's operating profit increased by 43.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.0% in 3QFY20 as against 18.7% in 2QFY19.
  • Net profit for the quarter increased by 40.2% QoQ, while net profit margins declined from 12.7% in 2QFY19 to 11.9% in 3QFY20.

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

Revealed: Top 3 Stocks for 2020 and Beyond

KRBL Share Price Performance

Over the last one year,KRBL share price has moved down from Rs 335.3 to Rs 269.3, registering a Loss of Rs 66.0 or around 19.7%.

Overall, the S&P BSE SENSEX is up 15.2% over the year.

Current Valuations

At the current price of Rs 269.3, the price to earnings (P/E) ratio of KRBL stands at 11.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.3 times.

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