MANGALORE CHEM. Announces Quarterly Results (4QFY19); Net Profit Down 129.3%

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MANGALORE CHEM. Announces Quarterly Results (4QFY19); Net Profit Down 129.3%
Thu, 16 May

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

MANGALORE CHEM. Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m6,3427,6116,431-15.5%1.4%
Other incomeRs m893832-16.3%-64.1%
TurnoverRs m6,4317,6496,463-15.5%0.5%
ExpensesRs m5,9457,1226,152-13.6%3.5%
Gross profitRs m397489279-42.8%-29.6%
DepreciationRs m83991045.6%25.3%
InterestRs m27220131255.4%14.7%
Profit before taxRs m131227-105-146.2%-180.4%
TaxRs m-7291-46-150.2%
Profit after taxRs m203137-60-143.6%-129.3%
Gross profit margin%6.36.44.3
Effective tax rate%-55.339.943.3
Net profit margin%3.21.8-0.9
* 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 grew 1.4% on a year-on-year (YoY) basis. The expenses were up by 3.5% YoY during the same period.
  • The company's operating profit declined by 29.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.3% in 4QFY19 as against 6.3% in 4QFY18.
  • Depreciation charges increased by 25.3% and finance costs increased by 14.7% YoY, respectively.
  • Other income declined by 64.1% YoY during the quarter.
  • Net profit for the quarter declined by 129.3% YoY. Net profit margins during the quarter declined from 3.2% in 4QFY18 to -0.9% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 15.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 13.6% QoQ during the same period.
  • The company's operating profit declined by 42.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.3% in 4QFY19 as against 6.4% in 3QFY18.
  • Net profit for the quarter declined by 143.6% QoQ, while net profit margins declined from 1.8% in 3QFY18 to -0.9% in 4QFY19.

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

MANGALORE CHEM. Share Price Performance

Over the last one year, MANGALORE CHEM. share price has moved up from Rs 57.1 to Rs 35.1, registering a Loss of Rs 22.0 or around 38.6%.

Overall, the S&P BSE SENSEX is up 4.5% over the year.

Current Valuations

At the current price of Rs 35.1, the price to earnings (P/E) ratio of MANGALORE CHEM. stands at 12.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.

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