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TATA CHEMICALS Announces Quarterly Results (2QFY19); Net Profit Down 9.8%

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TATA CHEMICALS Announces Quarterly Results (2QFY19); Net Profit Down 9.8%
Mon, 5 Nov

TATA CHEMICALS has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

TATA CHEMICALS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m34,61927,69129,6076.9%-14.5%
Other incomeRs m4358171,23351.1%183.7%
TurnoverRs m35,05428,50830,8408.2%-12.0%
ExpensesRs m27,22722,53523,5864.7%-13.4%
Gross profitRs m7,3925,1576,02016.7%-18.6%
DepreciationRs m1,3461,3511,4174.9%5.3%
InterestRs m9148879213.8%0.8%
Profit before taxRs m5,5673,7354,91631.6%-11.7%
TaxRs m1,4461,2581,199-4.7%-17.1%
Profit after taxRs m4,1212,4773,71650.0%-9.8%
Gross profit margin%21.418.620.3
Effective tax rate%26.033.724.4
Net profit margin%11.88.712.1
* 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 fell 14.5% on a year-on-year (YoY) basis. The expenses were down by 13.4% YoY during the same period.
  • The company's operating profit declined by 18.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 20.3% in 2QFY19 as against 21.4% in 2QFY18.
  • Depreciation charges increased by 5.3% and finance costs increased by 0.8% YoY, respectively.
  • Other income increased by 183.7% YoY during the quarter.
  • Net profit for the quarter declined by 9.8% YoY. Net profit margins during the quarter increased from 11.8% in 2QFY18 to 12.1% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 6.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.7% QoQ during the same period.
  • The company's operating profit increased by 16.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.3% in 2QFY19 as against 18.6% in 1QFY18.
  • Net profit for the quarter increased by 50.0% QoQ, while net profit margins increased from 8.7% in 1QFY18 to 12.1% in 2QFY19.

To see how TATA CHEMICALS has performed over the last eight quarters, please visit here.

TATA CHEMICALS Share Price Performance

Over the last one year, TATA CHEMICALS share price has moved up from Rs 730.1 to Rs 682.0, registering a Loss of Rs 48.1 or around 6.6%.

Overall, the S&P BSE SENSEX is up 4.0% over the year.

Current Valuations

At the current price of Rs 682.0, the price to earnings (P/E) ratio of TATA CHEMICALS stands at 11.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.6 times.

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