MUKAND LIMITED Announces Quarterly Results (1QFY20); Net Profit Down 45.0%

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MUKAND LIMITED Announces Quarterly Results (1QFY20); Net Profit Down 45.0%
Tue, 13 Aug

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

MUKAND LIMITED Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m8,2048,3968,219-2.1%0.2%
Other incomeRs m97447159-64.5%63.2%
TurnoverRs m8,3018,8448,378-5.3%0.9%
ExpensesRs m7,7768,2447,841-4.9%0.8%
Gross profitRs m428152379148.6%-11.5%
DepreciationRs m14214118330.0%29.2%
InterestRs m716825816-1.1%13.9%
Profit before taxRs m-333-366-462
TaxRs m-111-145-140
Profit after taxRs m-222-222-322
Gross profit margin%5.21.84.6
Effective tax rate%33.439.430.3
Net profit margin%-2.7-2.5-3.8
* 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 0.2% on a year-on-year (YoY) basis. The expenses were up by 0.8% YoY during the same period.
  • The company's operating profit declined by 11.5% YoY during the quarter. Consequently, operating profit margins remained same and stood at 4.6% in 1QFY20.
  • Depreciation charges increased by 29.2% and finance costs increased by 13.9% YoY, respectively.
  • Other income increased by 63.2% YoY during the quarter.
  • Net profit for the quarter declined by 45.0% YoY. Net profit margins during the quarter declined from -2.7% in 1QFY19 to -3.8% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 4.9% QoQ during the same period.
  • The company's operating profit increased by 148.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 4.6% in 1QFY20 as against 1.8% in 4QFY19.
  • Net profit for the quarter declined by 45.1% QoQ, while net profit margins declined from -2.5% in 4QFY19 to -3.8% in 1QFY20.

To see how MUKAND LIMITED has performed over the last eight quarters,please visit here.

MUKAND LIMITED Share Price Performance

Over the last one year,MUKAND LIMITED share price has moved down from Rs 65.3 to Rs 34.7, registering a Loss of Rs 30.6 or around 46.9%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 8,885.1 (down 0.2%). Over the last one year it has moved down from 12,915.6 to 8,885.1, a gain of 4,030 points (down 31.2%).

Overall, the S&P BSE SENSEX is down 1.3% over the year.

Current Valuations

At the current price of Rs 34.7, the price to book value (P/BV) ratio of MUKAND LIMITED stands at 0.5 times.

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MUKAND LIMITED Announces Quarterly Results (4QFY19); Net Profit Down 119.1% (Quarterly Result Update)

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For the quarter ended March 2019, MUKAND LIMITED has posted a net profit of Rs 222 m (down 119.1% YoY). Sales on the other hand came in at Rs 8 bn (up 1.4% YoY). Read on for a complete analysis of MUKAND LIMITED's quarterly results.

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