MUNJAL SHOWA Announces Quarterly Results (1QFY20); Net Profit Down 9.4%

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MUNJAL SHOWA Announces Quarterly Results (1QFY20); Net Profit Down 9.4%
Fri, 2 Aug

MUNJAL SHOWA has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

MUNJAL SHOWA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m4,4243,7733,8802.8%-12.3%
Other incomeRs m577748-38.1%-16.2%
TurnoverRs m4,4813,8503,9272.0%-12.4%
ExpensesRs m4,1753,6113,6380.7%-12.9%
Gross profitRs m24916224249.6%-2.9%
DepreciationRs m676158-5.3%-13.7%
InterestRs m000-14.3%-14.3%
Profit before taxRs m23917823230.4%-3.0%
TaxRs m66387594.8%13.8%
Profit after taxRs m17414015712.7%-9.4%
Gross profit margin%5.64.36.2
Effective tax rate%27.421.532.2
Net profit margin%3.93.64.0
* 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 12.3% on a year-on-year (YoY) basis. The expenses were down by 12.9% YoY during the same period.
  • The company's operating profit declined by 2.9% YoY during the quarter. Consequently, operating profit margins remained same and stood at 6.2% in 1QFY20.
  • Depreciation charges declined by 13.7% and finance costs declined by 14.3% YoY, respectively.
  • Other income declined by 16.2% YoY during the quarter.
  • Net profit for the quarter declined by 9.4% YoY. Net profit margins during the quarter increased from 3.9% in 1QFY19 to 4.0% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.7% QoQ during the same period.
  • The company's operating profit increased by 49.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 6.2% in 1QFY20 as against 4.3% in 4QFY19.
  • Net profit for the quarter increased by 12.7% QoQ, while net profit margins increased from 3.6% in 4QFY19 to 4.0% in 1QFY20.

To see how MUNJAL SHOWA has performed over the last eight quarters,please visit here.

MUNJAL SHOWA Share Price Performance

Over the last one year,MUNJAL SHOWA share price has moved down from Rs 217.0 to Rs 122.7, registering a Loss of Rs 94.3 or around 43.5%.

Overall, the S&P BSE SENSEX is down 2.2% over the year.

Current Valuations

At the current price of Rs 122.7, the price to earnings (P/E) ratio of MUNJAL SHOWA stands at 8.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.

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For the quarter ended December 2019, MUNJAL SHOWA has posted a net profit of Rs 50 m (down 59.5% YoY). Sales on the other hand came in at Rs 3 bn (down 22.4% YoY). Read on for a complete analysis of MUNJAL SHOWA's quarterly results.

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