PHILLIPS CARBON BLACK Announces Quarterly Results (1QFY21); Net Profit Down 96.4%

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PHILLIPS CARBON BLACK Announces Quarterly Results (1QFY21); Net Profit Down 96.4%
Mon, 31 Aug

PHILLIPS CARBON BLACK has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

PHILLIPS CARBON BLACK Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m9,1157,0043,595-48.7%-60.6%
Other incomeRs m588325-69.3%-56.1%
TurnoverRs m9,1737,0873,621-48.9%-60.5%
ExpensesRs m7,9806,0103,210-46.6%-59.8%
Gross profitRs m1,135993386-61.2%-66.0%
DepreciationRs m2122532717.0%27.7%
InterestRs m127120114-5.6%-10.5%
Profit before taxRs m85470327-96.2%-96.9%
TaxRs m207-194-98.2%
Profit after taxRs m64772223-96.8%-96.4%
Gross profit margin%12.414.210.7
Effective tax rate%24.3-2.713.8
Net profit margin%7.010.20.6
* 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 60.6% on a year-on-year (YoY) basis. The expenses were down by 59.8% YoY during the same period.
  • The company's operating profit declined by 66.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.7% in 1QFY21 as against 12.4% in 1QFY20.
  • Depreciation charges increased by 27.7% and finance costs declined by 10.5% YoY, respectively.
  • Other income declined by 56.1% YoY during the quarter.
  • Net profit for the quarter declined by 96.4% YoY. Net profit margins during the quarter declined from 7.0% in 1QFY20 to 0.6% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 48.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 46.6% QoQ during the same period.
  • The company's operating profit declined by 61.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.7% in 1QFY21 as against 14.2% in 4QFY20.
  • Net profit for the quarter declined by 96.8% QoQ, while net profit margins declined from 10.2% in 4QFY20 to 0.6% in 1QFY21.

To see how PHILLIPS CARBON BLACK has performed over the last eight quarters,please visit here.

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PHILLIPS CARBON BLACK Share Price Performance

Over the last one year,PHILLIPS CARBON BLACK share price has moved up from Rs 111.8 to Rs 123.0, registering a Gain of Rs 11.2 or around 10.0%.

Overall, the S&P BSE SENSEX is up 6.5% over the year.

Current Valuations

At the current price of Rs 123.0, the price to earnings (P/E) ratio of PHILLIPS CARBON BLACK stands at 9.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.3 times.

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