KOTHARI PRODUCTS Announces Quarterly Results (1QFY19); Net Profit Down 60.3%

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KOTHARI PRODUCTS Announces Quarterly Results (1QFY19); Net Profit Down 60.3%
Mon, 20 Aug

KOTHARI PRODUCTS has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

KOTHARI PRODUCTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m10,9438,7539,1674.7%-16.2%
Other incomeRs m9876794.6%-19.4%
TurnoverRs m11,0418,8289,2464.7%-16.3%
ExpensesRs m10,8918,6589,0724.8%-16.7%
Gross profitRs m51-579483.3%
DepreciationRs m4552.0%16.3%
InterestRs m316210061.2%221.9%
Profit before taxRs m114-4868-40.3%
TaxRs m40-12839-2.5%
Profit after taxRs m758030-62.9%-60.3%
Gross profit margin%0.5-0.61.0
Effective tax rate%34.6265.456.5
Net profit margin%0.70.90.3
* 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 fell 16.2% on a year-on-year (YoY) basis. The expenses were down by 16.7% YoY during the same period.
  • The company's operating profit increased by 83.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 1.0% in 1QFY19 as against 0.5% in 1QFY18.
  • Depreciation charges and finance costs increased by 16.3% YoY and 221.9% YoY, respectively.
  • Other income declined by 19.4% YoY during the quarter.
  • Net profit for the quarter declined by 60.3% YoY. Net profit margins during the quarter declined from 0.7% in 1QFY18 to 0.3% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.8% QoQ during the same period.
  • The company's operating profit increased by 266.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 1.0% in 1QFY19 as against 0.6% in 4QFY18.
  • Net profit for the quarter declined by 62.9% QoQ, while net profit margins declined from 0.9% in 4QFY18 to 0.3% in 1QFY19.

To see how KOTHARI PRODUCTS has performed over the last eight quarters, please visit here.

KOTHARI PRODUCTS Share Price Performance

Over the last one year, KOTHARI PRODUCTS share price has moved up from Rs 174.3 to Rs 120.2, registering a Loss of Rs 54.2 or around 31.1%.

Overall, the S&P BSE SENSEX is up 20.4% over the year.

Current Valuations

At the current price of Rs 120.2, the price to earnings (P/E) ratio of KOTHARI PRODUCTS stands at 9.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.4 times.

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KOTHARI PRODUCTS Announces Quarterly Results (3QFY19); Net Profit Down 120.7% (Quarterly Result Update)

Feb 15, 2019 | Updated on Feb 15, 2019

For the quarter ended December 2018, KOTHARI PRODUCTS has posted a net profit of Rs 32 m (down 120.7% YoY). Sales on the other hand came in at Rs 8 bn (down 27.2% YoY). Read on for a complete analysis of KOTHARI PRODUCTS's quarterly results.

KOTHARI PRODUCTS 2016-17 Annual Report Analysis (Annual Result Update)

Dec 18, 2018 | Updated on Dec 18, 2018

Here's an analysis of the annual report of KOTHARI PRODUCTS for 2016-17. It includes a full income statement, balance sheet and cash flow analysis of KOTHARI PRODUCTS. Also includes updates on the valuation of KOTHARI PRODUCTS.

KOTHARI PRODUCTS Announces Quarterly Results (4QFY18); Net Profit Down 63.4% (Quarterly Result Update)

Jul 19, 2018 | Updated on Jul 19, 2018

For the quarter ended March 2018, KOTHARI PRODUCTS has posted a net profit of Rs 80 m (down 63.4% YoY). Sales on the other hand came in at Rs 9 bn (down 14.3% YoY). Read on for a complete analysis of KOTHARI PRODUCTS's quarterly results.

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Oct 18, 2019 09:17 AM

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