KAJARIA CERAMICS Announces Quarterly Results (2QFY19); Net Profit Down 20.5%

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KAJARIA CERAMICS Announces Quarterly Results (2QFY19); Net Profit Down 20.5%
Fri, 9 Nov

KAJARIA CERAMICS has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

KAJARIA CERAMICS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m6,7126,1417,25318.1%8.1%
Other incomeRs m116746-31.3%306.2%
TurnoverRs m6,7246,2087,29917.6%8.6%
ExpensesRs m5,4925,2646,16417.1%12.2%
Gross profitRs m1,2888771,05520.3%-18.1%
DepreciationRs m21616022540.7%4.5%
InterestRs m641045334.6%-29.3%
Profit before taxRs m1,0197738307.4%-18.5%
TaxRs m38226932420.6%-15.2%
Profit after taxRs m6375055060.3%-20.5%
Gross profit margin%19.214.314.5
Effective tax rate%37.534.739.0
Net profit margin%9.58.16.9
* 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 8.1% on a year-on-year (YoY) basis. The expenses were up by 12.2% YoY during the same period.
  • The company's operating profit declined by 18.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.5% in 2QFY19 as against 19.2% in 2QFY18.
  • Depreciation charges increased by 4.5% and finance costs declined by 29.3% YoY, respectively.
  • Other income increased by 306.2% YoY during the quarter.
  • Net profit for the quarter declined by 20.5% YoY. Net profit margins during the quarter declined from 9.5% in 2QFY18 to 6.9% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 18.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 17.1% QoQ during the same period.
  • The company's operating profit increased by 20.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.5% in 2QFY19 as against 14.3% in 1QFY18.
  • Net profit for the quarter increased by 0.3% QoQ, while net profit margins declined from 8.1% in 1QFY18 to 6.9% in 2QFY19.

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

KAJARIA CERAMICS Share Price Performance

Over the last one year, KAJARIA CERAMICS share price has moved up from Rs 721.2 to Rs 438.1, registering a Loss of Rs 283.1 or around 39.2%.

Overall, the S&P BSE SENSEX is up 5.3% over the year.

Current Valuations

At the current price of Rs 438.1, the price to earnings (P/E) ratio of KAJARIA CERAMICS stands at 30.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.2 times.

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