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SHALIMAR PAINTS Announces Quarterly Results (1QFY19); Net Profit Up 51.6%

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SHALIMAR PAINTS Announces Quarterly Results (1QFY19); Net Profit Up 51.6%
Tue, 14 Aug

SHALIMAR PAINTS has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

SHALIMAR PAINTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m805602515-14.6%-36.0%
Other incomeRs m112220.0%60.0%
TurnoverRs m806603516-14.4%-35.9%
ExpensesRs m863705636-9.8%-26.3%
Gross profitRs m-58-103-121
DepreciationRs m84121-49.4%158.8%
InterestRs m587362-14.7%7.3%
Profit before taxRs m-123-216-202
TaxRs m-26-55-55
Profit after taxRs m-97-161-147
Gross profit margin%-7.2-17.0-23.5
Effective tax rate%21.125.527.2
Net profit margin%-12.1-26.7-28.5
* 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 36.0% on a year-on-year (YoY) basis. The expenses were down by 26.3% YoY during the same period.
  • The company's operating profit increased by 108.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 23.5% in 1QFY19 as against 7.2% in 1QFY18.
  • Depreciation charges and finance costs increased by 158.8% YoY and 7.3% YoY, respectively.
  • Other income increased by 60.0% YoY during the quarter.
  • Net profit for the quarter increased by 51.6% YoY. Net profit margins during the quarter declined from -12.1% in 1QFY18 to -28.5% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 14.6% 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 18.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 23.5% in 1QFY19 as against 17.0% in 4QFY18.
  • Net profit for the quarter declined by 8.4% QoQ, while net profit margins declined from -26.7% in 4QFY18 to -28.5% in 1QFY19.

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

SHALIMAR PAINTS Share Price Performance

Over the last one year, SHALIMAR PAINTS share price has moved up from Rs 201.4 to Rs 122.0, registering a Loss of Rs 79.4 or around 39.4%.

Overall, the S&P BSE SENSEX is up 20.4% over the year.

Current Valuations

At the current price of Rs 122.0, the price to book value (P/BV) ratio of SHALIMAR PAINTS stands at 3.2 times.

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1 Responses to "SHALIMAR PAINTS Announces Quarterly Results (1QFY19); Net Profit Up 51.6%"

anutrag

Sep 14, 2018

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SHALIMAR PAINTS 2017-18 Annual Report Analysis (Annual Result Update)

Apr 3, 2019 | Updated on Apr 3, 2019

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

SHALIMAR PAINTS Announces Quarterly Results (3QFY19); Net Profit Down 36.8% (Quarterly Result Update)

Feb 15, 2019 | Updated on Feb 15, 2019

For the quarter ended December 2018, SHALIMAR PAINTS has posted a net profit of Rs 135 m (down 36.8% YoY). Sales on the other hand came in at Rs 749 m (up 13.1% YoY). Read on for a complete analysis of SHALIMAR PAINTS's quarterly results.

SHALIMAR PAINTS Announces Quarterly Results (2QFY19); Net Profit Down 2.7% (Quarterly Result Update)

Nov 9, 2018 | Updated on Nov 9, 2018

For the quarter ended September 2018, SHALIMAR PAINTS has posted a net profit of Rs 101 m (down 2.7% YoY). Sales on the other hand came in at Rs 717 m (up 1.3% YoY). Read on for a complete analysis of SHALIMAR PAINTS's quarterly results.

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Apr 22, 2019 (Close)

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