SHALIMAR PAINTS Announces Quarterly Results (1QFY20); Net Profit Up 64.0%

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SHALIMAR PAINTS Announces Quarterly Results (1QFY20); Net Profit Up 64.0%
Fri, 16 Aug

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

SHALIMAR PAINTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m515895851-5.0%65.3%
Other incomeRs m2132-85.6%18.8%
TurnoverRs m516908853-6.1%65.2%
ExpensesRs m6361,250849-32.1%33.6%
Gross profitRs m-121-4701
DepreciationRs m2122220.5%6.8%
InterestRs m626342-33.4%-32.4%
Profit before taxRs m-202-542-61
TaxRs m-55-110-8
Profit after taxRs m-147-433-53
Gross profit margin%-23.5-52.60.2
Effective tax rate%27.220.212.8
Net profit margin%-28.5-47.6-6.2
* 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 65.3% on a year-on-year (YoY) basis. The expenses were up by 33.6% YoY during the same period.
  • The company's operating profit declined by 101.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 0.2% in 1QFY20 as against 23.5% in 1QFY19.
  • Depreciation charges increased by 6.8% and finance costs declined by 32.4% YoY, respectively.
  • Other income increased by 18.8% YoY during the quarter.
  • Net profit for the quarter increased by 64.0% YoY. Net profit margins during the quarter increased from -28.5% in 1QFY19 to -6.2% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 32.1% QoQ during the same period.
  • The company's operating profit increased by 100.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 0.2% in 1QFY20 as against 52.6% in 4QFY19.
  • Net profit for the quarter increased by 87.8% QoQ, while net profit margins increased from -47.7% in 4QFY19 to -6.2% in 1QFY20.

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 down from Rs 121.7 to Rs 77.2, registering a Loss of Rs 44.5 or around 36.6%.

Overall, the S&P BSE SENSEX is down 1.9% over the year.

Current Valuations

At the current price of Rs 77.2, the price to book value (P/BV) ratio of SHALIMAR PAINTS stands at 1.1 times.

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Related Views on News

SHALIMAR PAINTS Announces Quarterly Results (4QFY19); Net Profit Down 169.3% (Quarterly Result Update)

Jun 7, 2019 | Updated on Jun 7, 2019

For the quarter ended March 2019, SHALIMAR PAINTS has posted a net profit of Rs 433 m (down 169.3% YoY). Sales on the other hand came in at Rs 895 m (up 48.6% YoY). Read on for a complete analysis of SHALIMAR PAINTS's quarterly results.

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.

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