KALYANI STEELS Announces Quarterly Results (1QFY20); Net Profit Up 30.6%

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KALYANI STEELS Announces Quarterly Results (1QFY20); Net Profit Up 30.6%
Thu, 8 Aug

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

KALYANI STEELS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m3,2463,2203,4346.7%5.8%
Other incomeRs m148948-46.0%236.5%
TurnoverRs m3,2603,3093,4835.2%6.8%
ExpensesRs m2,7342,6752,8175.3%3.0%
Gross profitRs m5116016182.8%20.8%
DepreciationRs m8910395-8.2%7.1%
InterestRs m122321-10.7%76.2%
Profit before taxRs m425564550-2.4%29.4%
TaxRs m14515518418.8%27.0%
Profit after taxRs m280409366-10.4%30.6%
Gross profit margin%15.818.718.0
Effective tax rate%34.127.533.5
Net profit margin%8.612.310.5
* 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 5.8% on a year-on-year (YoY) basis. The expenses were up by 3.0% YoY during the same period.
  • The company's operating profit increased by 20.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.0% in 1QFY20 as against 15.8% in 1QFY19.
  • Depreciation charges increased by 7.1% and finance costs increased by 76.2% YoY, respectively.
  • Other income increased by 236.5% YoY during the quarter.
  • Net profit for the quarter increased by 30.6% YoY. Net profit margins during the quarter increased from 8.6% in 1QFY19 to 10.5% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 6.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.3% QoQ during the same period.
  • The company's operating profit declined by 2.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.0% in 1QFY20 as against 18.7% in 4QFY19.
  • Net profit for the quarter declined by 10.4% QoQ, while net profit margins declined from 12.4% in 4QFY19 to 10.5% in 1QFY20.

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

KALYANI STEELS Share Price Performance

Over the last one year,KALYANI STEELS share price has moved down from Rs 276.3 to Rs 185.5, registering a Loss of Rs 90.8 or around 32.9%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 8,934.6 (up 0.7%). Over the last one year it has moved down from 13,104.2 to 8,934.6, a gain of 4,170 points (down 31.8%).

Overall, the S&P BSE SENSEX is down 1.4% over the year.

Current Valuations

At the current price of Rs 185.5, the price to earnings (P/E) ratio of KALYANI STEELS stands at 5.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.1 times.

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Related Views on News

KALYANI STEELS Announces Quarterly Results (2QFY20); Net Profit Up 58.2% (Quarterly Result Update)

Nov 5, 2019 | Updated on Nov 5, 2019

For the quarter ended September 2019, KALYANI STEELS has posted a net profit of Rs 452 m (up 58.2% YoY). Sales on the other hand came in at Rs 3 bn (down 21.5% YoY). Read on for a complete analysis of KALYANI STEELS's quarterly results.

KALYANI STEELS Announces Quarterly Results (4QFY19); Net Profit Up 36.3% (Quarterly Result Update)

May 21, 2019 | Updated on May 21, 2019

For the quarter ended March 2019, KALYANI STEELS has posted a net profit of Rs 409 m (up 36.3% YoY). Sales on the other hand came in at Rs 3 bn (down 9.6% YoY). Read on for a complete analysis of KALYANI STEELS's quarterly results.

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