KEWAL KIRAN CLOTHING Announces Quarterly Results (1QFY20); Net Profit Up 1.6%

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KEWAL KIRAN CLOTHING Announces Quarterly Results (1QFY20); Net Profit Up 1.6%
Mon, 29 Jul

KEWAL KIRAN CLOTHING has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

KEWAL KIRAN CLOTHING Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m1,0591,3311,102-17.2%4.0%
Other incomeRs m336918-74.1%-45.6%
TurnoverRs m1,0921,4001,120-20.0%2.5%
ExpensesRs m8441,056877-16.9%3.9%
Gross profitRs m215275225-18.3%4.5%
DepreciationRs m1524242.5%58.2%
InterestRs m1120227.8%96.4%
Profit before taxRs m221300196-34.5%-11.3%
TaxRs m829855-44.2%-33.0%
Profit after taxRs m139201141-29.8%1.6%
Gross profit margin%20.320.720.4
Effective tax rate%37.132.828.0
Net profit margin%12.714.412.6
* 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 4.0% on a year-on-year (YoY) basis. The expenses were up by 3.9% YoY during the same period.
  • The company's operating profit increased by 4.5% YoY during the quarter. Consequently, operating profit margins remained same and stood at 20.4% in 1QFY20.
  • Depreciation charges increased by 58.2% and finance costs increased by 96.4% YoY, respectively.
  • Other income declined by 45.6% YoY during the quarter.
  • Net profit for the quarter increased by 1.6% YoY. Net profit margins during the quarter declined from 12.7% in 1QFY19 to 12.6% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 17.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 16.9% QoQ during the same period.
  • The company's operating profit declined by 18.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 20.4% in 1QFY20 as against 20.7% in 4QFY19.
  • Net profit for the quarter declined by 29.8% QoQ, while net profit margins declined from 14.4% in 4QFY19 to 12.6% in 1QFY20.

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

KEWAL KIRAN CLOTHING Share Price Performance

Over the last one year,KEWAL KIRAN CLOTHING share price has moved down from Rs 1,455.0 to Rs 999.3, registering a Loss of Rs 455.8 or around 31.3%.

Overall, the S&P BSE SENSEX is up 1.7% over the year.

Current Valuations

At the current price of Rs 999.3, the price to earnings (P/E) ratio of KEWAL KIRAN CLOTHING stands at 15.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.1 times.

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