KRBL Announces Quarterly Results (3QFY21); Net Profit Down 8.6%

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KRBL Announces Quarterly Results (3QFY21); Net Profit Down 8.6%
Thu, 11 Feb

KRBL has announced its results for the quarter ended December 2020. Here is a detailed performance review of the same:

KRBL Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m13,29011,33211,207-1.1%-15.7%
Other incomeRs m4627167508.4%261.6%
TurnoverRs m13,33611,35911,3740.1%-14.7%
ExpensesRs m10,9049,1259,2040.9%-15.6%
Gross profitRs m2,3862,2072,003-9.2%-16.0%
DepreciationRs m1801811810.0%0.6%
InterestRs m139324644.4%-67.2%
Profit before taxRs m2,1142,0221,944-3.9%-8.0%
TaxRs m524524491-6.3%-6.3%
Profit after taxRs m1,5901,4981,453-3.0%-8.6%
Gross profit margin%18.019.517.9
Effective tax rate%24.825.925.3
Net profit margin%11.913.212.8
* 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 15.7% on a year-on-year (YoY) basis. The expenses were down by 15.6% YoY during the same period.
  • The company's operating profit declined by 16.0% YoY during the quarter. Consequently, operating profit margins remained same and stood at 17.9% in 3QFY21.
  • Depreciation charges increased by 0.6% and finance costs declined by 67.2% YoY, respectively.
  • Other income increased by 261.6% YoY during the quarter.
  • Net profit for the quarter declined by 8.6% YoY. Net profit margins during the quarter increased from 11.9% in 3QFY20 to 12.8% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.9% QoQ during the same period.
  • The company's operating profit declined by 9.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.9% in 3QFY21 as against 19.5% in 2QFY20.
  • Net profit for the quarter declined by 3.0% QoQ, while net profit margins declined from 13.2% in 2QFY20 to 12.8% in 3QFY21.

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 292.0 to Rs 194.9, registering a Loss of Rs 97.1 or around 33.3%.

Overall, the S&P BSE SENSEX is up 25.8% over the year.

Current Valuations

At the current price of Rs 194.9, the price to earnings (P/E) ratio of KRBL stands at 8.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.7 times.

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