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

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SHALIMAR PAINTS Announces Quarterly Results (4QFY19); Net Profit Down 169.3%
Fri, 7 Jun

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

SHALIMAR PAINTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m60274989519.5%48.6%
Other incomeRs m1413207.0%2540.0%
TurnoverRs m60375490820.5%50.7%
ExpensesRs m7058271,25051.1%77.4%
Gross profitRs m-103-119-470
DepreciationRs m4121224.8%-46.2%
InterestRs m7359636.6%-13.3%
Profit before taxRs m-216-195-542
TaxRs m-55-61-110
Profit after taxRs m-161-135-433
Gross profit margin%-17.0-15.9-52.6
Effective tax rate%25.531.120.2
Net profit margin%-26.7-17.9-47.6
* 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 48.6% on a year-on-year (YoY) basis. The expenses were up by 77.4% YoY during the same period.
  • The company's operating profit increased by 358.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 52.6% in 4QFY19 as against 17.0% in 4QFY18.
  • Depreciation charges declined by 46.2% and finance costs declined by 13.3% YoY, respectively.
  • Other income increased by 2540.0% YoY during the quarter.
  • Net profit for the quarter declined by 169.3% YoY. Net profit margins during the quarter declined from -26.7% in 4QFY18 to -47.6% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 19.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 51.1% QoQ during the same period.
  • The company's operating profit declined by 294.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 52.6% in 4QFY19 as against 15.9% in 3QFY18.
  • Net profit for the quarter declined by 221.5% QoQ, while net profit margins declined from -17.9% in 3QFY18 to -47.6% in 4QFY19.

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 123.4 to Rs 83.4, registering a Loss of Rs 40.0 or around 32.4%.

Overall, the S&P BSE SENSEX is up 11.9% over the year.

Current Valuations

At the current price of Rs 83.4, the price to book value (P/BV) ratio of SHALIMAR PAINTS stands at 1.1 times.

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

Aug 16, 2019 | Updated on Aug 16, 2019

For the quarter ended June 2019, SHALIMAR PAINTS has posted a net profit of Rs 53 m (up 64.0% YoY). Sales on the other hand came in at Rs 851 m (up 65.3% 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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Oct 17, 2019 09:17 AM

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