KIRLOSKAR INDUSTRIES Announces Quarterly Results (2QFY19); Net Profit Down 5.5%

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KIRLOSKAR INDUSTRIES Announces Quarterly Results (2QFY19); Net Profit Down 5.5%
Fri, 9 Nov

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

KIRLOSKAR INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m563054825.8%5888.2%
Other incomeRs m3809881-17.3%-78.7%
TurnoverRs m386104387270.3%0.3%
ExpensesRs m314426-40.9%-14.1%
Gross profitRs m-25-38279
DepreciationRs m45724.1%91.4%
InterestRs m044-9.5%0.0%
Profit before taxRs m35251350592.9%-0.5%
TaxRs m151632101.3%116.4%
Profit after taxRs m33735318814.7%-5.5%
Gross profit margin%-498.0-614.591.4
Effective tax rate%4.231.19.0
Net profit margin%87.433.382.3
* 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 5888.2% on a year-on-year (YoY) basis. The expenses were down by 14.1% YoY during the same period.
  • The company's operating profit declined by 1199.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 91.4% in 2QFY19 as against 498.0% in 2QFY18.
  • Depreciation charges increased by 91.4% and finance costs increased by 0.0% YoY, respectively.
  • Other income declined by 78.7% YoY during the quarter.
  • Net profit for the quarter declined by 5.5% YoY. Net profit margins during the quarter declined from 87.4% in 2QFY18 to 82.3% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4825.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 40.9% QoQ during the same period.
  • The company's operating profit increased by 832.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 91.4% in 2QFY19 as against 614.5% in 1QFY18.
  • Net profit for the quarter increased by 814.7% QoQ, while net profit margins increased from 33.7% in 1QFY18 to 82.3% in 2QFY19.

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

KIRLOSKAR INDUSTRIES Share Price Performance

Over the last one year, KIRLOSKAR INDUSTRIES share price has moved up from Rs 1,454.1 to Rs 1,041.0, registering a Loss of Rs 413.2 or around 28.4%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,226.1 (up 0.2%). Over the last one year it has moved down from 18,392.8 to 18,226.1, a gain of 167 points (down 0.9%).

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

Current Valuations

At the current price of Rs 1,041.0, the price to earnings (P/E) ratio of KIRLOSKAR INDUSTRIES stands at 20.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.1 times.

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