MUNJAL SHOWA Announces Quarterly Results (3QFY20); Net Profit Down 59.5%

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MUNJAL SHOWA Announces Quarterly Results (3QFY20); Net Profit Down 59.5%
Thu, 30 Jan

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

MUNJAL SHOWA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m3,8403,5222,981-15.4%-22.4%
Other incomeRs m606054-11.4%-10.5%
TurnoverRs m3,8993,5823,034-15.3%-22.2%
ExpensesRs m3,6683,3882,914-14.0%-20.6%
Gross profitRs m17213467-50.1%-61.0%
DepreciationRs m645149-2.4%-23.1%
InterestRs m013262.2%1024.1%
Profit before taxRs m16714368-52.6%-59.4%
TaxRs m452818-35.6%-59.0%
Profit after taxRs m12211550-56.8%-59.5%
Gross profit margin%4.53.82.2
Effective tax rate%26.719.826.9
Net profit margin%3.13.21.6
* 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 22.4% on a year-on-year (YoY) basis. The expenses were down by 20.6% YoY during the same period.
  • The company's operating profit declined by 61.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2.2% in 3QFY20 as against 4.5% in 3QFY19.
  • Depreciation charges declined by 23.1% and finance costs increased by 1024.1% YoY, respectively.
  • Other income declined by 10.5% YoY during the quarter.
  • Net profit for the quarter declined by 59.5% YoY. Net profit margins during the quarter declined from 3.1% in 3QFY19 to 1.6% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 15.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 14.0% QoQ during the same period.
  • The company's operating profit declined by 50.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2.2% in 3QFY20 as against 3.8% in 2QFY19.
  • Net profit for the quarter declined by 56.8% QoQ, while net profit margins declined from 3.2% in 2QFY19 to 1.6% in 3QFY20.

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

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MUNJAL SHOWA Share Price Performance

Over the last one year,MUNJAL SHOWA share price has moved down from Rs 172.0 to Rs 126.0, registering a Loss of Rs 46.0 or around 26.7%.

Overall, the S&P BSE SENSEX is up 15.2% over the year.

Current Valuations

At the current price of Rs 126.0, the price to earnings (P/E) ratio of MUNJAL SHOWA stands at 10.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.8 times.

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