THIRUMALAI CHEMICALS Announces Quarterly Results (2QFY20); Net Profit Down 81.3%

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THIRUMALAI CHEMICALS Announces Quarterly Results (2QFY20); Net Profit Down 81.3%
Mon, 4 Nov

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

THIRUMALAI CHEMICALS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m3,6342,9012,686-7.4%-26.1%
Other incomeRs m422372211.7%71.9%
TurnoverRs m3,6752,9242,758-5.7%-25.0%
ExpensesRs m2,7542,6072,457-5.7%-10.8%
Gross profitRs m880293229-22.1%-74.0%
DepreciationRs m939411017.3%18.3%
InterestRs m24313720.3%55.4%
Profit before taxRs m804192153-20.1%-81.0%
TaxRs m2737154-24.2%-80.4%
Profit after taxRs m53112199-17.8%-81.3%
Gross profit margin%24.210.18.5
Effective tax rate%34.036.935.0
Net profit margin%14.44.13.6
* 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 fell 26.1% on a year-on-year (YoY) basis. The expenses were down by 10.8% YoY during the same period.
  • The company's operating profit declined by 74.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.5% in 2QFY20 as against 24.2% in 2QFY19.
  • Depreciation charges increased by 18.3% and finance costs increased by 55.4% YoY, respectively.
  • Other income increased by 71.9% YoY during the quarter.
  • Net profit for the quarter declined by 81.3% YoY. Net profit margins during the quarter declined from 14.4% in 2QFY19 to 3.6% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 7.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 5.7% QoQ during the same period.
  • The company's operating profit declined by 22.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.5% in 2QFY20 as against 10.1% in 1QFY19.
  • Net profit for the quarter declined by 17.8% QoQ, while net profit margins declined from 4.1% in 1QFY19 to 3.6% in 2QFY20.

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

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THIRUMALAI CHEMICALS Share Price Performance

Over the last one year,THIRUMALAI CHEMICALS share price has moved down from Rs 126.3 to Rs 69.5, registering a Loss of Rs 56.8 or around 45.0%.

Overall, the S&P BSE SENSEX is up 17.2% over the year.

Current Valuations

At the current price of Rs 69.5, the price to earnings (P/E) ratio of THIRUMALAI CHEMICALS stands at 13.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.1 times.

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