KWALITY DAIRY Announces Quarterly Results (1QFY19); Net Profit Down 96.3%

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KWALITY DAIRY Announces Quarterly Results (1QFY19); Net Profit Down 96.3%
Mon, 17 Sep

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

KWALITY DAIRY Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m15,72017,09012,625-26.1%-19.7%
Other incomeRs m128933-63.0%174.8%
TurnoverRs m15,73217,17912,658-26.3%-19.5%
ExpensesRs m14,63415,72211,761-25.2%-19.6%
Gross profitRs m1,0861,368864-36.8%-20.4%
DepreciationRs m238329275-16.4%15.5%
InterestRs m498761580-23.7%16.5%
Profit before taxRs m36236742-88.6%-88.4%
TaxRs m8335431-91.1%-62.3%
Profit after taxRs m2791310-19.2%-96.3%
Gross profit margin%6.98.06.8
Effective tax rate%23.096.575.1
Net profit margin%1.80.10.1
* 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 19.7% on a year-on-year (YoY) basis. The expenses were down by 19.6% YoY during the same period.
  • The company's operating profit declined by 20.4% YoY during the quarter. Consequently, operating profit margins remained same and stood at 6.8% in 1QFY19.
  • Depreciation charges and finance costs increased by 15.5% YoY and 16.5% YoY, respectively.
  • Other income increased by 174.8% YoY during the quarter.
  • Net profit for the quarter declined by 96.3% YoY. Net profit margins during the quarter declined from 1.8% in 1QFY18 to 0.1% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 26.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 25.2% QoQ during the same period.
  • The company's operating profit declined by 36.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.8% in 1QFY19 as against 8.0% in 4QFY18.
  • Net profit for the quarter declined by 19.2% QoQ, while net profit margins increased from 0.1% in 4QFY18 to 0.1% in 1QFY19.

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

KWALITY DAIRY Share Price Performance

Over the last one year, KWALITY DAIRY share price has moved up from Rs 116.7 to Rs 19.5, registering a Loss of Rs 97.2 or around 83.3%.

Overall, the S&P BSE SENSEX is up 17.0% over the year.

Current Valuations

At the current price of Rs 19.5, the price to earnings (P/E) ratio of KWALITY DAIRY stands at 9.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.4 times.

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KWALITY Announces Quarterly Results (4QFY19); Net Profit Down 38640.1% (Quarterly Result Update)

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For the quarter ended March 2019, KWALITY has posted a net profit of Rs 5 bn (down 38640.1% YoY). Sales on the other hand came in at Rs 1 bn (down 93.3% YoY). Read on for a complete analysis of KWALITY's quarterly results.

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KWALITY DAIRY Announces Quarterly Results (4QFY18); Net Profit Down 96.3% (Quarterly Result Update)

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For the quarter ended March 2018, KWALITY DAIRY has posted a net profit of Rs 13 m (down 96.3% YoY). Sales on the other hand came in at Rs 17 bn (up 11.4% YoY). Read on for a complete analysis of KWALITY DAIRY's quarterly results.

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