PHILLIPS CARBON BLACK Announces Quarterly Results (2QFY20); Net Profit Down 28.6%

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PHILLIPS CARBON BLACK Announces Quarterly Results (2QFY20); Net Profit Down 28.6%
Wed, 6 Nov

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

PHILLIPS CARBON BLACK Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m8,8039,1158,630-5.3%-2.0%
Other incomeRs m325849-15.2%54.1%
TurnoverRs m8,8349,1738,679-5.4%-1.8%
ExpensesRs m7,0507,9807,343-8.0%4.2%
Gross profitRs m1,7531,1351,28713.4%-26.6%
DepreciationRs m1752122182.9%24.7%
InterestRs m7412791-28.5%23.5%
Profit before taxRs m1,5368541,02720.3%-33.1%
TaxRs m45620725724.0%-43.7%
Profit after taxRs m1,08064777119.2%-28.6%
Gross profit margin%19.912.414.9
Effective tax rate%29.724.325.0
Net profit margin%12.27.08.9
* 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 fell 2.0% on a year-on-year (YoY) basis. The expenses were up by 4.2% YoY during the same period.
  • The company's operating profit declined by 26.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.9% in 2QFY20 as against 19.9% in 2QFY19.
  • Depreciation charges increased by 24.7% and finance costs increased by 23.5% YoY, respectively.
  • Other income increased by 54.1% YoY during the quarter.
  • Net profit for the quarter declined by 28.6% YoY. Net profit margins during the quarter declined from 12.2% in 2QFY19 to 8.9% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 8.0% QoQ during the same period.
  • The company's operating profit increased by 13.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.9% in 2QFY20 as against 12.4% in 1QFY19.
  • Net profit for the quarter increased by 19.2% QoQ, while net profit margins increased from 7.1% in 1QFY19 to 8.9% in 2QFY20.

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 down from Rs 223.7 to Rs 122.2, registering a Loss of Rs 101.6 or around 45.4%.

Overall, the S&P BSE SENSEX is up 14.7% over the year.

Current Valuations

At the current price of Rs 122.2, the price to earnings (P/E) ratio of PHILLIPS CARBON BLACK stands at 6.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.3 times.

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