KIRLOSKAR BROS. Announces Quarterly Results (1QFY20); Net Profit Down 64.6%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

KIRLOSKAR BROS. Announces Quarterly Results (1QFY20); Net Profit Down 64.6%
Wed, 14 Aug

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

KIRLOSKAR BROS. Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m4,5617,6124,727-37.9%3.6%
Other incomeRs m156731342.9%-80.1%
TurnoverRs m4,7177,6194,758-37.6%0.9%
ExpensesRs m4,3356,8864,528-34.2%4.5%
Gross profitRs m226726199-72.6%-11.9%
DepreciationRs m88961026.3%15.9%
InterestRs m457860-23.1%33.3%
Profit before taxRs m24955968-87.8%-72.7%
TaxRs m681964-98.0%-94.1%
Profit after taxRs m18136364-82.4%-64.6%
Gross profit margin%5.09.54.2
Effective tax rate%27.335.15.9
Net profit margin%3.84.81.3
* 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 3.6% on a year-on-year (YoY) basis. The expenses were up by 4.5% YoY during the same period.
  • The company's operating profit declined by 11.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.2% in 1QFY20 as against 5.0% in 1QFY19.
  • Depreciation charges increased by 15.9% and finance costs increased by 33.3% YoY, respectively.
  • Other income declined by 80.1% YoY during the quarter.
  • Net profit for the quarter declined by 64.6% YoY. Net profit margins during the quarter declined from 3.8% in 1QFY19 to 1.3% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 37.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 34.2% QoQ during the same period.
  • The company's operating profit declined by 72.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.2% in 1QFY20 as against 9.5% in 4QFY19.
  • Net profit for the quarter declined by 82.4% QoQ, while net profit margins declined from 4.8% in 4QFY19 to 1.3% in 1QFY20.

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

KIRLOSKAR BROS. Share Price Performance

Over the last one year,KIRLOSKAR BROS. share price has moved down from Rs 251.5 to Rs 158.3, registering a Loss of Rs 93.2 or around 37.1%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 16,942.2 (up 1.2%). Over the last one year it has moved down from 17,937.7 to 16,942.2, a gain of 995 points (down 5.5%).

Overall, the S&P BSE SENSEX is down 0.6% over the year.

Current Valuations

At the current price of Rs 158.3, the price to earnings (P/E) ratio of KIRLOSKAR BROS. stands at 16.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.3 times.

Equitymaster requests your view! Post a comment on "KIRLOSKAR BROS. Announces Quarterly Results (1QFY20); Net Profit Down 64.6%". Click here!

  

Related Views on News

Mazagon Dock Shipbuilders IPO: Should You Apply? (IPO)

Sep 29, 2020

Should you bet on this public sector defence shipbuilder?

KIRLOSKAR BROS. Announces Quarterly Results (2QFY20); Net Profit Down 53.0% (Quarterly Result Update)

Nov 11, 2019 | Updated on Nov 11, 2019

For the quarter ended September 2019, KIRLOSKAR BROS. has posted a net profit of Rs 94 m (down 53.0% YoY). Sales on the other hand came in at Rs 5 bn (down 1.2% YoY). Read on for a complete analysis of KIRLOSKAR BROS.'s quarterly results.

KIRLOSKAR BROS. Announces Quarterly Results (4QFY19); Net Profit Up 11.7% (Quarterly Result Update)

May 21, 2019 | Updated on May 21, 2019

For the quarter ended March 2019, KIRLOSKAR BROS. has posted a net profit of Rs 363 m (up 11.7% YoY). Sales on the other hand came in at Rs 8 bn (up 23.8% YoY). Read on for a complete analysis of KIRLOSKAR BROS.'s quarterly results.

More Views on News

Most Popular

India: Recovery Stalled by Vaccine Games?(The Honest Truth)

Apr 13, 2021

Ajit Dayal on how India's vaccine strategy will impact the markets.

4 Stocks to Make Your Portfolio Immune to the Second Covid Wave(Profit Hunter)

Apr 6, 2021

Rather than predicting the market, successful investing is more about preparing well and placing your bets accordingly.

An India Revival Stock I'm Bullish On...(Profit Hunter)

Apr 9, 2021

This could take India to the position of 3rd largest economy.

Why Did the Market Crash on Monday?(Fast Profits Daily)

Apr 13, 2021

In this video, I'll you what I think is the real reason behind yesterday's market crash.

A Unique Sector for Short-Term Profits(Fast Profits Daily)

Apr 12, 2021

This ignored sector could deliver big short-term profits.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

KIRLOSKAR BROS SHARE PRICE


Apr 16, 2021 (Close)

TRACK KIRLOSKAR BROS

  • Track your investment in KIRLOSKAR BROS with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON KIRLOSKAR BROS

KIRLOSKAR BROS - SADBHAV ENGINEERING COMPARISON

COMPARE KIRLOSKAR BROS WITH

MARKET STATS