MANGALORE CHEM. Announces Quarterly Results (2QFY20); Net Profit Down 22.2%

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MANGALORE CHEM. Announces Quarterly Results (2QFY20); Net Profit Down 22.2%
Fri, 1 Nov

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

MANGALORE CHEM. Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m9,9887,4117,307-1.4%-26.8%
Other incomeRs m24506631.5%180.2%
TurnoverRs m10,0117,4617,373-1.2%-26.4%
ExpensesRs m9,1276,9736,567-5.8%-28.1%
Gross profitRs m86143774069.3%-13.9%
DepreciationRs m951081156.1%21.2%
InterestRs m342378323-14.8%-5.7%
Profit before taxRs m448136929697.6%-17.5%
TaxRs m15721438324.7%-8.7%
Profit after taxRs m2910226-22.2%
Gross profit margin%8.65.910.1
Effective tax rate%35.0137.138.8
Net profit margin%2.90.03.1
* 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 26.8% on a year-on-year (YoY) basis. The expenses were down by 28.1% YoY during the same period.
  • The company's operating profit declined by 13.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.1% in 2QFY20 as against 8.6% in 2QFY19.
  • Depreciation charges increased by 21.2% and finance costs declined by 5.7% YoY, respectively.
  • Other income increased by 180.2% YoY during the quarter.
  • Net profit for the quarter declined by 22.2% YoY. Net profit margins during the quarter increased from 2.9% in 2QFY19 to 3.1% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 5.8% QoQ during the same period.
  • The company's operating profit increased by 69.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.1% in 2QFY20 as against 5.9% in 1QFY19.
  • Net profit for the quarter increased by 49289.1% QoQ, while net profit margins increased from 0.0% in 1QFY19 to 3.1% in 2QFY20.

To see how MANGALORE CHEM. has performed over the last eight quarters,please visit here.

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MANGALORE CHEM. Share Price Performance

Over the last one year,MANGALORE CHEM. share price has moved down from Rs 38.4 to Rs 30.3, registering a Loss of Rs 8.2 or around 21.2%.

Overall, the S&P BSE SENSEX is up 16.6% over the year.

Current Valuations

At the current price of Rs 30.3, the price to earnings (P/E) ratio of MANGALORE CHEM. stands at 11.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.7 times.

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