KSB Announces Quarterly Results (1QFY20); Net Profit Up 29.9%

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KSB Announces Quarterly Results (1QFY20); Net Profit Up 29.9%
Mon, 29 Jul

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

KSB Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m2,5362,8933,0184.3%19.0%
Other incomeRs m983682127.8%-16.3%
TurnoverRs m2,6342,9293,1005.8%17.7%
ExpensesRs m2,2502,5752,6974.7%19.9%
Gross profitRs m28631844840.9%56.6%
DepreciationRs m981021031.0%5.1%
InterestRs m591011.1%100.0%
Profit before taxRs m28124341771.6%48.4%
TaxRs m678613961.6%107.5%
Profit after taxRs m21415727877.1%29.9%
Gross profit margin%11.311.014.8
Effective tax rate%23.835.433.3
Net profit margin%8.15.49.0
* 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 19.0% on a year-on-year (YoY) basis. The expenses were up by 19.9% YoY during the same period.
  • The company's operating profit increased by 56.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.8% in 1QFY20 as against 11.3% in 1QFY19.
  • Depreciation charges increased by 5.1% and finance costs increased by 100.0% YoY, respectively.
  • Other income declined by 16.3% YoY during the quarter.
  • Net profit for the quarter increased by 29.9% YoY. Net profit margins during the quarter increased from 8.1% in 1QFY19 to 9.0% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.7% QoQ during the same period.
  • The company's operating profit increased by 40.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.8% in 1QFY20 as against 11.0% in 4QFY19.
  • Net profit for the quarter increased by 77.1% QoQ, while net profit margins increased from 5.4% in 4QFY19 to 9.0% in 1QFY20.

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

KSB Share Price Performance

Over the last one year,KSB share price has moved down from Rs 790.0 to Rs 626.2, registering a Loss of Rs 163.9 or around 20.7%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,489.8 (down 1.6%). Over the last one year it has moved down from 18,164.6 to 17,489.8, a gain of 675 points (down 3.7%).

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

Current Valuations

At the current price of Rs 626.2, the price to earnings (P/E) ratio of KSB stands at 25.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.9 times.

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