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.

Get Details: These 3 Stocks are the Dark Horses of the Stock Market

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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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.

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