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

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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.

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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.

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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.

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