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

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 (2QFY20); Net Profit Down 74.7%
Tue, 12 Nov

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

PRAKASH INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m9,5038,2547,623-7.6%-19.8%
Other incomeRs m201615-8.2%-27.1%
TurnoverRs m9,5238,2707,638-7.6%-19.8%
ExpensesRs m7,6037,3156,745-7.8%-11.3%
Gross profitRs m1,900939878-6.5%-53.8%
DepreciationRs m3443393451.7%0.1%
InterestRs m268246217-11.9%-19.3%
Profit before taxRs m1,307370331-10.4%-74.7%
TaxRs m0000.0%0.0%
Profit after taxRs m1,307370331-10.4%-74.7%
Gross profit margin%20.011.411.5
Effective tax rate%0.00.00.0
Net profit margin%13.74.54.3
* 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 19.8% on a year-on-year (YoY) basis. The expenses were down by 11.3% YoY during the same period.
  • The company's operating profit declined by 53.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.5% in 2QFY20 as against 20.0% in 2QFY19.
  • Depreciation charges increased by 0.1% and finance costs declined by 19.3% YoY, respectively.
  • Other income declined by 27.1% YoY during the quarter.
  • Net profit for the quarter declined by 74.7% YoY. Net profit margins during the quarter declined from 13.7% in 2QFY19 to 4.3% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 7.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.8% QoQ during the same period.
  • The company's operating profit declined by 6.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.5% in 2QFY20 as against 11.4% in 1QFY19.
  • Net profit for the quarter declined by 10.4% QoQ, while net profit margins declined from 4.5% in 1QFY19 to 4.3% in 2QFY20.

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

Discover Now: One Stock for Potentially Life-changing Gains

PRAKASH INDUSTRIES Share Price Performance

Over the last one year,PRAKASH INDUSTRIES share price has moved down from Rs 112.5 to Rs 51.0, registering a Loss of Rs 61.6 or around 54.7%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 24,960.7 (up 0.1%). Over the last one year it has moved up from 19,780.8 to 24,960.7, a gain of 5,180 points (up 26.2%).

Overall, the S&P BSE SENSEX is up 15.9% over the year.

Current Valuations

At the current price of Rs 51.0, the price to earnings (P/E) ratio of PRAKASH INDUSTRIES stands at 2.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.3 times.

Equitymaster requests your view! Post a comment on "PRAKASH INDUSTRIES Announces Quarterly Results (2QFY20); Net Profit Down 74.7%". Click here!

  

Related Views on News

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

Aug 13, 2019 | Updated on Aug 13, 2019

For the quarter ended June 2019, PRAKASH INDUSTRIES has posted a net profit of Rs 370 m (down 78.1% YoY). Sales on the other hand came in at Rs 8 bn (down 16.2% 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.

More Views on News

Most Popular

Time to Buy Smallcaps?(Fast Profits Daily)

Apr 30, 2021

In this video, I'll show you why I favour smallcaps over the Nifty.

The Next Smallcap Winners(Profit Hunter)

Apr 30, 2021

Price is the only due diligence one might require to buy this business.

Sell in May and Go Away?(Fast Profits Daily)

Apr 28, 2021

Does the concept of selling stocks in the month of May, work in the Indian market?

This Fund Manager Has Taken the World by Storm. Will You Invest With Her?(Profit Hunter)

Apr 26, 2021

Should you invest with this Rockstar fund manager who has outperformed in a big way?

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The 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


May 7, 2021 (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 - GERDAU COMPARISON

COMPARE PRAKASH INDUSTRIES WITH

MARKET STATS