TATA CHEMICALS Announces Quarterly Results (2QFY20); Net Profit Up 17.0%

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TATA CHEMICALS Announces Quarterly Results (2QFY20); Net Profit Up 17.0%
Wed, 6 Nov

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

TATA CHEMICALS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m29,60728,96930,8356.4%4.1%
Other incomeRs m1,2338799255.3%-25.0%
TurnoverRs m30,84029,84831,7606.4%3.0%
ExpensesRs m23,58623,04624,4866.2%3.8%
Gross profitRs m6,0205,8446,3498.6%5.5%
DepreciationRs m1,4171,6351,6682.0%17.7%
InterestRs m921944872-7.6%-5.3%
Profit before taxRs m4,9164,1434,73414.3%-3.7%
TaxRs m1,1991,301388-70.2%-67.6%
Profit after taxRs m3,7162,8424,34652.9%17.0%
Gross profit margin%20.320.220.6
Effective tax rate%24.431.48.2
Net profit margin%12.19.513.7
* 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 4.1% on a year-on-year (YoY) basis. The expenses were up by 3.8% YoY during the same period.
  • The company's operating profit increased by 5.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.6% in 2QFY20 as against 20.3% in 2QFY19.
  • Depreciation charges increased by 17.7% and finance costs declined by 5.3% YoY, respectively.
  • Other income declined by 25.0% YoY during the quarter.
  • Net profit for the quarter increased by 17.0% YoY. Net profit margins during the quarter increased from 12.1% in 2QFY19 to 13.7% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 6.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.2% QoQ during the same period.
  • The company's operating profit increased by 8.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.6% in 2QFY20 as against 20.2% in 1QFY19.
  • Net profit for the quarter increased by 52.9% QoQ, while net profit margins increased from 9.5% in 1QFY19 to 13.7% in 2QFY20.

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

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TATA CHEMICALS Share Price Performance

Over the last one year,TATA CHEMICALS share price has moved down from Rs 691.1 to Rs 640.3, registering a Loss of Rs 50.9 or around 7.4%.

Overall, the S&P BSE SENSEX is up 14.7% over the year.

Current Valuations

At the current price of Rs 640.3, the price to earnings (P/E) ratio of TATA CHEMICALS stands at 11.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.3 times.

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