POKARNA Announces Quarterly Results (1QFY20); Net Profit Up 231.6%

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POKARNA Announces Quarterly Results (1QFY20); Net Profit Up 231.6%
Mon, 19 Aug

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

POKARNA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m8211,4471,260-12.9%53.5%
Other incomeRs m2517189.0%-28.0%
TurnoverRs m8461,4631,278-12.6%51.1%
ExpensesRs m625948855-9.8%36.8%
Gross profitRs m195499405-18.8%107.3%
DepreciationRs m479853-45.9%12.6%
InterestRs m675856-2.1%-15.5%
Profit before taxRs m107360314-12.9%193.7%
TaxRs m15959-90.7%-40.6%
Profit after taxRs m9226530515.1%231.6%
Gross profit margin%23.834.532.1
Effective tax rate%13.926.52.8
Net profit margin%10.918.123.8
* 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 53.5% on a year-on-year (YoY) basis. The expenses were up by 36.8% YoY during the same period.
  • The company's operating profit increased by 107.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 32.1% in 1QFY20 as against 23.8% in 1QFY19.
  • Depreciation charges increased by 12.6% and finance costs declined by 15.5% YoY, respectively.
  • Other income declined by 28.0% YoY during the quarter.
  • Net profit for the quarter increased by 231.6% YoY. Net profit margins during the quarter increased from 10.9% in 1QFY19 to 23.8% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 12.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 9.8% QoQ during the same period.
  • The company's operating profit declined by 18.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 32.1% in 1QFY20 as against 34.5% in 4QFY19.
  • Net profit for the quarter increased by 15.1% QoQ, while net profit margins increased from 18.1% in 4QFY19 to 23.8% in 1QFY20.

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

POKARNA Share Price Performance

Over the last one year,POKARNA share price has moved down from Rs 149.8 to Rs 133.3, registering a Loss of Rs 16.5 or around 11.0%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 8,887.4 (down 0.5%). Over the last one year it has moved down from 12,879.4 to 8,887.4, a gain of 3,992 points (down 31.0%).

Overall, the S&P BSE SENSEX is down 0.0% over the year.

Current Valuations

At the current price of Rs 133.3, the price to earnings (P/E) ratio of POKARNA stands at 0.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.4 times.

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POKARNA Announces Quarterly Results (4QFY19); Net Profit Up 95.5% (Quarterly Result Update)

Jun 3, 2019 | Updated on Jun 3, 2019

For the quarter ended March 2019, POKARNA has posted a net profit of Rs 265 m (up 95.5% YoY). Sales on the other hand came in at Rs 1 bn (up 63.1% YoY). Read on for a complete analysis of POKARNA's quarterly results.

POKARNA LTD Announces Quarterly Results (3QFY19); Net Profit Up 86.8% (Quarterly Result Update)

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