RADICO KHAITAN Announces Quarterly Results (2QFY20); Net Profit Up 58.6%

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RADICO KHAITAN Announces Quarterly Results (2QFY20); Net Profit Up 58.6%
Thu, 14 Nov

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

RADICO KHAITAN Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m19,06126,77125,201-5.9%32.2%
Other incomeRs m423319-43.6%-55.5%
TurnoverRs m19,10326,80425,219-5.9%32.0%
ExpensesRs m18,14425,77824,335-5.6%34.1%
Gross profitRs m917992807-18.6%-11.9%
DepreciationRs m1071281323.2%23.1%
InterestRs m9274774.1%-16.2%
Profit before taxRs m760824617-25.1%-18.8%
TaxRs m265276-169-161.1%-163.8%
Profit after taxRs m49554878643.5%58.6%
Gross profit margin%4.83.73.2
Effective tax rate%34.833.5-27.3
Net profit margin%2.62.03.1
* 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 32.2% on a year-on-year (YoY) basis. The expenses were up by 34.1% YoY during the same period.
  • The company's operating profit declined by 11.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.2% in 2QFY20 as against 4.8% in 2QFY19.
  • Depreciation charges increased by 23.1% and finance costs declined by 16.2% YoY, respectively.
  • Other income declined by 55.5% YoY during the quarter.
  • Net profit for the quarter increased by 58.6% YoY. Net profit margins during the quarter increased from 2.6% in 2QFY19 to 3.1% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 5.6% QoQ during the same period.
  • The company's operating profit declined by 18.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.2% in 2QFY20 as against 3.7% in 1QFY19.
  • Net profit for the quarter increased by 43.5% QoQ, while net profit margins increased from 2.0% in 1QFY19 to 3.1% in 2QFY20.

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

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RADICO KHAITAN Share Price Performance

Over the last one year,RADICO KHAITAN share price has moved down from Rs 444.7 to Rs 316.0, registering a Loss of Rs 128.7 or around 28.9%.

Overall, the S&P BSE SENSEX is up 14.4% over the year.

Current Valuations

At the current price of Rs 316.0, the price to earnings (P/E) ratio of RADICO KHAITAN stands at 18.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.1 times.

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