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

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

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.

Equitymaster requests your view! Post a comment on "KALYANI STEELS Announces Quarterly Results (1QFY20); Net Profit Up 30.6%". Click here!

  

Related Views on News

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.

KALYANI STEELS Announces Quarterly Results (3QFY19); Net Profit Up 12.4% (Quarterly Result Update)

Feb 15, 2019 | Updated on Feb 15, 2019

For the quarter ended December 2018, KALYANI STEELS has posted a net profit of Rs 346 m (up 12.4% YoY). Sales on the other hand came in at Rs 4 bn (up 10.9% YoY). Read on for a complete analysis of KALYANI STEELS's quarterly results.

KALYANI STEELS 2017-18 Annual Report Analysis (Annual Result Update)

Dec 21, 2018 | Updated on Dec 21, 2018

Here's an analysis of the annual report of KALYANI STEELS for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of KALYANI STEELS. Also includes updates on the valuation of KALYANI STEELS.

More Views on News

Most Popular

Small Cap Stocks Could Triple in Less than 2 Years... Here's Why(Profit Hunter)

Sep 30, 2019

Historical data backs up my conviction.

What if Indiabulls Housing Finance and Yes Bank Do Not Rebound?(Profit Hunter)

Oct 1, 2019

How long should you wait for fallen blue chips like Yes Bank and Indiabulls Housing Finance to rebound?

Finally, Is the Share Price of Yes Bank Ready for a Rebound?(The 5 Minute Wrapup)

Oct 7, 2019

Here's what every individual investor must know about Yes Bank...

Interest Rates Are Low. Buy Solid Dividend Stocks Instead(The 5 Minute Wrapup)

Sep 30, 2019

Select dividend stocks can be very rewarding.

The One Stock I Like in this Market(The 5 Minute Wrapup)

Oct 10, 2019

There are rare periods in markets when you get good quality stocks at attractive valuations. Is this one such period?

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2020
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

KALYANI STEELS SHARE PRICE


Oct 11, 2019 (Close)

TRACK KALYANI STEELS

  • Track your investment in KALYANI STEELS with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON KALYANI STEELS

KALYANI STEELS - TECHNOCRAFT COMPARISON

COMPARE KALYANI STEELS WITH

MARKET STATS