TATA CHEMICALS Announces Quarterly Results (4QFY20); Net Profit Down 56.2%

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TATA CHEMICALS Announces Quarterly Results (4QFY20); Net Profit Down 56.2%
Tue, 19 May

TATA CHEMICALS has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:

TATA CHEMICALS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m27,59426,20423,781-9.2%-13.8%
Other incomeRs m85961975622.1%-12.0%
TurnoverRs m28,45326,82324,536-8.5%-13.8%
ExpensesRs m22,28521,46919,779-7.9%-11.2%
Gross profitRs m6,2874,7354,002-15.5%-36.4%
DepreciationRs m1,5051,6411,7395.9%15.5%
InterestRs m85174785514.5%0.5%
Profit before taxRs m4,7902,9662,163-27.1%-54.8%
TaxRs m296662193-70.8%-34.8%
Profit after taxRs m4,4942,3041,970-14.5%-56.2%
Gross profit margin%22.818.116.8
Effective tax rate%6.222.38.9
Net profit margin%15.88.68.0
* 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 13.8% on a year-on-year (YoY) basis. The expenses were down by 11.2% YoY during the same period.
  • The company's operating profit declined by 36.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.8% in 4QFY20 as against 22.8% in 4QFY19.
  • Depreciation charges increased by 15.5% and finance costs increased by 0.5% YoY, respectively.
  • Other income declined by 12.0% YoY during the quarter.
  • Net profit for the quarter declined by 56.2% YoY. Net profit margins during the quarter declined from 15.8% in 4QFY19 to 8.0% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 9.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.9% QoQ during the same period.
  • The company's operating profit declined by 15.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.8% in 4QFY20 as against 18.1% in 3QFY19.
  • Net profit for the quarter declined by 14.5% QoQ, while net profit margins declined from 8.6% in 3QFY19 to 8.0% in 4QFY20.

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 up from Rs 269.4 to Rs 284.7, registering a Gain of Rs 15.2 or around 5.6%.

Overall, the S&P BSE SENSEX is down 22.1% over the year.

Current Valuations

At the current price of Rs 284.7, the price to earnings (P/E) ratio of TATA CHEMICALS stands at 6.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

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