PRAKASH INDUSTRIES Announces Quarterly Results (1QFY20); Net Profit Down 78.1%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

PRAKASH INDUSTRIES Announces Quarterly Results (1QFY20); Net Profit Down 78.1%
Tue, 13 Aug

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

PRAKASH INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m9,8548,8478,254-6.7%-16.2%
Other incomeRs m163116-48.5%-3.7%
TurnoverRs m9,8718,8778,270-6.8%-16.2%
ExpensesRs m7,4527,0247,3154.1%-1.8%
Gross profitRs m2,4031,757939-46.6%-60.9%
DepreciationRs m3363393390.0%0.9%
InterestRs m212248246-0.7%15.8%
Profit before taxRs m1,8711,202370-69.2%-80.2%
TaxRs m184-610-100.0%
Profit after taxRs m1,6871,263370-70.7%-78.1%
Gross profit margin%24.419.911.4
Effective tax rate%9.8-5.10.0
Net profit margin%17.114.24.5
* 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 16.2% on a year-on-year (YoY) basis. The expenses were down by 1.8% YoY during the same period.
  • The company's operating profit declined by 60.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.4% in 1QFY20 as against 24.4% in 1QFY19.
  • Depreciation charges increased by 0.9% and finance costs increased by 15.8% YoY, respectively.
  • Other income declined by 3.7% YoY during the quarter.
  • Net profit for the quarter declined by 78.1% YoY. Net profit margins during the quarter declined from 17.1% in 1QFY19 to 4.5% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 6.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.1% QoQ during the same period.
  • The company's operating profit declined by 46.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.4% in 1QFY20 as against 19.9% in 4QFY19.
  • Net profit for the quarter declined by 70.7% QoQ, while net profit margins declined from 14.2% in 4QFY19 to 4.5% in 1QFY20.

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

PRAKASH INDUSTRIES Share Price Performance

Over the last one year,PRAKASH INDUSTRIES share price has moved down from Rs 142.0 to Rs 37.8, registering a Loss of Rs 104.2 or around 73.4%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 22,704.7 (down 0.0%). Over the last one year it has moved up from 21,960.4 to 22,704.7, a gain of 744 points (up 3.4%).

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

Current Valuations

At the current price of Rs 37.8, the price to earnings (P/E) ratio of PRAKASH INDUSTRIES stands at 1.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.2 times.

Equitymaster requests your view! Post a comment on "PRAKASH INDUSTRIES Announces Quarterly Results (1QFY20); Net Profit Down 78.1%". Click here!

  

Related Views on News

PRAKASH INDUSTRIES Announces Quarterly Results (2QFY20); Net Profit Down 74.7% (Quarterly Result Update)

Nov 12, 2019 | Updated on Nov 12, 2019

For the quarter ended September 2019, PRAKASH INDUSTRIES has posted a net profit of Rs 331 m (down 74.7% YoY). Sales on the other hand came in at Rs 8 bn (down 19.8% YoY). Read on for a complete analysis of PRAKASH INDUSTRIES's quarterly results.

PRAKASH INDUSTRIES Announces Quarterly Results (4QFY19); Net Profit Down 17.0% (Quarterly Result Update)

May 27, 2019 | Updated on May 27, 2019

For the quarter ended March 2019, PRAKASH INDUSTRIES has posted a net profit of Rs 1 bn (down 17.0% YoY). Sales on the other hand came in at Rs 9 bn (down 2.8% YoY). Read on for a complete analysis of PRAKASH INDUSTRIES's quarterly results.

PRAKASH INDUSTRIES 2017-18 Annual Report Analysis (Annual Result Update)

Aug 21, 2018 | Updated on Aug 21, 2018

Here's an analysis of the annual report of PRAKASH INDUSTRIES for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of PRAKASH INDUSTRIES. Also includes updates on the valuation of PRAKASH INDUSTRIES.

More Views on News

Most Popular

The Next Few Days Are Crucial for Smallcap Investors - And 3 Must-Buy Stocks(Profit Hunter)

Feb 19, 2020

While I have been writing about the rebound in smallcaps for quite some time now... I have shied from the question - When exactly is the smallcap rebound happening. Well, the answer is now.

Here's Why I Recommended 15 Stocks in One Day Flat(Views On News)

Feb 14, 2020

This proven strategy can give big returns in quick time.

The Top 8 Trading Mistakes You Should Avoid(Fast Profits Daily)

Feb 18, 2020

Avoid these mistakes and your trading will turn much more profitable.

Corona Virus Could Trigger a Rally in this Stock(Profit Hunter)

Feb 20, 2020

A company which benefits from crude oil and coronavirus - if you would like to know more about it read this.

These Rebirth of India Stocks Are Raring to Compete with Tesla(The 5 Minute Wrapup)

Feb 17, 2020

There are Indian stocks which can soar like Tesla in the long-run.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get our special report, Secret to Increasing Your Trading Profits Today Now!
We will never sell or rent your email id.
Please read our Terms

PRAKASH INDUSTRIES SHARE PRICE


Feb 25, 2020 (Close)

TRACK PRAKASH INDUSTRIES

  • Track your investment in PRAKASH INDUSTRIES with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON PRAKASH INDUSTRIES

PRAKASH INDUSTRIES - NIPPON STEEL COMPARISON

COMPARE PRAKASH INDUSTRIES WITH

MARKET STATS