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KALYANI STEELS Announces Quarterly Results (2QFY19); Net Profit Up 7.1%

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KALYANI STEELS Announces Quarterly Results (2QFY19); Net Profit Up 7.1%
Fri, 9 Nov

KALYANI STEELS has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

KALYANI STEELS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m3,1543,2463,86018.9%22.4%
Other incomeRs m18141717.1%-8.9%
TurnoverRs m3,1733,2603,87718.9%22.2%
ExpensesRs m2,6612,7343,33321.9%25.3%
Gross profitRs m4935115273.0%6.8%
DepreciationRs m8789979.0%10.8%
InterestRs m20121527.0%-26.5%
Profit before taxRs m4044254321.6%6.9%
TaxRs m1371451471.1%6.8%
Profit after taxRs m2672802851.8%7.1%
Gross profit margin%15.615.813.6
Effective tax rate%34.034.133.9
Net profit margin%8.48.67.4
* 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 22.4% on a year-on-year (YoY) basis. The expenses were up by 25.3% YoY during the same period.
  • The company's operating profit increased by 6.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.6% in 2QFY19 as against 15.6% in 2QFY18.
  • Depreciation charges increased by 10.8% and finance costs declined by 26.5% YoY, respectively.
  • Other income declined by 8.9% YoY during the quarter.
  • Net profit for the quarter increased by 7.1% YoY. Net profit margins during the quarter declined from 8.4% in 2QFY18 to 7.4% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 18.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 21.9% QoQ during the same period.
  • The company's operating profit declined by 3.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.6% in 2QFY19 as against 15.8% in 1QFY18.
  • Net profit for the quarter increased by 1.8% QoQ, while net profit margins declined from 8.6% in 1QFY18 to 7.4% in 2QFY19.

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 up from Rs 395.1 to Rs 247.1, registering a Loss of Rs 148.0 or around 37.5%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 12,871.5 (down 0.9%). Over the last one year it has moved down from 14,583.6 to 12,871.5, a gain of 1,712 points (down 11.7%).

Overall, the S&P BSE SENSEX is up 5.4% over the year.

Current Valuations

At the current price of Rs 247.1, the price to earnings (P/E) ratio of KALYANI STEELS stands at 9.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.4 times.

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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.

KALYANI STEELS Announces Quarterly Results (1QFY19); Net Profit Up 2.2% (Quarterly Result Update)

Jul 27, 2018 | Updated on Jul 27, 2018

For the quarter ended June 2018, KALYANI STEELS has posted a net profit of Rs 280 m (up 2.2% YoY). Sales on the other hand came in at Rs 3 bn (down 14.5% YoY). Read on for a complete analysis of KALYANI STEELS's quarterly results.

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