KEWAL KIRAN CLOTH Announces Quarterly Results (3QFY19); Net Profit Up 22.2%

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KEWAL KIRAN CLOTH Announces Quarterly Results (3QFY19); Net Profit Up 22.2%
Thu, 24 Jan

KEWAL KIRAN CLOTH has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

KEWAL KIRAN CLOTH Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m9441,5231,111-27.0%17.7%
Other incomeRs m35477149.4%100.0%
TurnoverRs m9791,5701,182-24.7%20.7%
ExpensesRs m7861,044956-8.5%21.5%
Gross profitRs m157478155-67.5%-1.3%
DepreciationRs m15172439.7%62.0%
InterestRs m15162130.2%40.7%
Profit before taxRs m163492181-63.3%11.0%
TaxRs m5915654-65.5%-8.6%
Profit after taxRs m104336127-62.2%22.2%
Gross profit margin%16.731.414.0
Effective tax rate%36.231.829.8
Net profit margin%10.621.410.7
* 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 grew 17.7% on a year-on-year (YoY) basis. The expenses were up by 21.5% YoY during the same period.
  • The company's operating profit declined by 1.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.0% in 3QFY19 as against 16.7% in 3QFY18.
  • Depreciation charges increased by 62.0% and finance costs increased by 40.7% YoY, respectively.
  • Other income increased by 100.0% YoY during the quarter.
  • Net profit for the quarter increased by 22.2% YoY. Net profit margins during the quarter increased from 10.6% in 3QFY18 to 10.7% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 27.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 8.5% QoQ during the same period.
  • The company's operating profit declined by 67.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.0% in 3QFY19 as against 31.4% in 2QFY18.
  • Net profit for the quarter declined by 62.2% QoQ, while net profit margins declined from 21.4% in 2QFY18 to 10.7% in 3QFY19.

To see how KEWAL KIRAN CLOTH has performed over the last eight quarters, please visit here.

KEWAL KIRAN CLOTH Share Price Performance

Over the last one year, KEWAL KIRAN CLOTH share price has moved up from Rs 1,738.9 to Rs 1,199.0, registering a Loss of Rs 539.9 or around 31.0%.

Overall, the S&P BSE SENSEX is down 0.1% over the year.

Current Valuations

At the current price of Rs 1,199.0, the price to earnings (P/E) ratio of KEWAL KIRAN CLOTH stands at 18.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.1 times.

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