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

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 (2QFY20); Net Profit Up 58.2%
Tue, 5 Nov

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

KALYANI STEELS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m3,8603,4343,032-11.7%-21.5%
Other incomeRs m174838-20.4%128.7%
TurnoverRs m3,8773,4833,070-11.8%-20.8%
ExpensesRs m3,3332,8172,590-8.1%-22.3%
Gross profitRs m527618443-28.4%-16.0%
DepreciationRs m979510611.6%9.5%
InterestRs m15212310.6%53.4%
Profit before taxRs m432550352-36.0%-18.5%
TaxRs m147184-99-154.0%-167.9%
Profit after taxRs m28536645223.4%58.2%
Gross profit margin%13.618.014.6
Effective tax rate%33.933.5-28.2
Net profit margin%7.410.514.7
* 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 21.5% on a year-on-year (YoY) basis. The expenses were down by 22.3% YoY during the same period.
  • The company's operating profit declined by 16.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.6% in 2QFY20 as against 13.6% in 2QFY19.
  • Depreciation charges increased by 9.5% and finance costs increased by 53.4% YoY, respectively.
  • Other income increased by 128.7% YoY during the quarter.
  • Net profit for the quarter increased by 58.2% YoY. Net profit margins during the quarter increased from 7.4% in 2QFY19 to 14.7% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 11.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 8.1% QoQ during the same period.
  • The company's operating profit declined by 28.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.6% in 2QFY20 as against 18.0% in 1QFY19.
  • Net profit for the quarter increased by 23.4% QoQ, while net profit margins increased from 10.5% in 1QFY19 to 14.7% in 2QFY20.

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

Discover Now: One Stock for Potentially Life-changing Gains

KALYANI STEELS Share Price Performance

Over the last one year,KALYANI STEELS share price has moved down from Rs 246.7 to Rs 214.0, registering a Loss of Rs 32.7 or around 13.2%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 9,935.4 (up 0.9%). Over the last one year it has moved down from 13,091.4 to 9,935.4, a gain of 3,156 points (down 24.1%).

Overall, the S&P BSE SENSEX is up 15.4% over the year.

Current Valuations

At the current price of Rs 214.0, the price to earnings (P/E) ratio of KALYANI STEELS stands at 5.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.2 times.

Equitymaster requests your view! Post a comment on "KALYANI STEELS Announces Quarterly Results (2QFY20); Net Profit Up 58.2%". Click here!

  

Related Views on News

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

Aug 8, 2019 | Updated on Aug 8, 2019

For the quarter ended June 2019, KALYANI STEELS has posted a net profit of Rs 366 m (up 30.6% YoY). Sales on the other hand came in at Rs 3 bn (up 5.8% 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.

More Views on News

Most Popular

Time to Buy Smallcaps?(Fast Profits Daily)

Apr 30, 2021

In this video, I'll show you why I favour smallcaps over the Nifty.

The Next Smallcap Winners(Profit Hunter)

Apr 30, 2021

Price is the only due diligence one might require to buy this business.

Sell in May and Go Away?(Fast Profits Daily)

Apr 28, 2021

Does the concept of selling stocks in the month of May, work in the Indian market?

This Fund Manager Has Taken the World by Storm. Will You Invest With Her?(Profit Hunter)

Apr 26, 2021

Should you invest with this Rockstar fund manager who has outperformed in a big way?

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

KALYANI STEELS SHARE PRICE


May 7, 2021 (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 5-YR ANALYSIS

COMPARE KALYANI STEELS WITH

MARKET STATS