TATA CHEMICALS Announces Quarterly Results (3QFY19); Net Profit Down 62.7%

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TATA CHEMICALS Announces Quarterly Results (3QFY19); Net Profit Down 62.7%
Wed, 13 Feb

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

TATA CHEMICALS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m25,73929,60728,319-4.4%10.0%
Other incomeRs m1721,233961-22.1%459.8%
TurnoverRs m25,91130,84029,279-5.1%13.0%
ExpensesRs m20,11423,58623,6060.1%17.4%
Gross profitRs m6,2216,0204,437-26.3%-28.7%
DepreciationRs m1,2861,4171,4411.6%12.0%
InterestRs m8949219725.6%8.8%
Profit before taxRs m4,2134,9162,985-39.3%-29.2%
TaxRs m-1,8741,199716-40.3%
Profit after taxRs m6,0883,7162,269-38.9%-62.7%
Gross profit margin%24.220.315.7
Effective tax rate%-44.524.424.0
Net profit margin%23.512.17.7
* 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 10.0% on a year-on-year (YoY) basis. The expenses were up by 17.4% YoY during the same period.
  • The company's operating profit declined by 28.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.7% in 3QFY19 as against 24.2% in 3QFY18.
  • Depreciation charges increased by 12.0% and finance costs increased by 8.8% YoY, respectively.
  • Other income increased by 459.8% YoY during the quarter.
  • Net profit for the quarter declined by 62.7% YoY. Net profit margins during the quarter declined from 23.5% in 3QFY18 to 7.7% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 4.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.1% QoQ during the same period.
  • The company's operating profit declined by 26.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.7% in 3QFY19 as against 20.3% in 2QFY18.
  • Net profit for the quarter declined by 38.9% QoQ, while net profit margins declined from 12.0% in 2QFY18 to 7.7% in 3QFY19.

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 715.2 to Rs 573.5, registering a Loss of Rs 141.7 or around 19.8%.

Overall, the S&P BSE SENSEX is up 5.8% over the year.

Current Valuations

At the current price of Rs 573.5, the price to earnings (P/E) ratio of TATA CHEMICALS stands at 12.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.3 times.

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