INTERNATIONAL PAP. Announces Quarterly Results (2QFY20); Net Profit Down 78.8%
Mon, 4 Nov

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

INTERNATIONAL PAP. Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m3,3593,6832,718-26.2%-19.1%
Other incomeRs m44244168.9%-6.4%
TurnoverRs m3,4033,7072,759-25.6%-18.9%
ExpensesRs m2,6342,5632,436-4.9%-7.5%
Gross profitRs m7251,120281-74.9%-61.2%
DepreciationRs m165191189-0.7%14.7%
InterestRs m241110-7.7%-58.7%
Profit before taxRs m580943123-86.9%-78.8%
TaxRs m20633344-86.8%-78.6%
Profit after taxRs m37461079-87.0%-78.8%
Gross profit margin%21.630.410.4
Effective tax rate%35.535.335.6
Net profit margin%11.016.52.9
* 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 19.1% on a year-on-year (YoY) basis. The expenses were down by 7.5% YoY during the same period.
  • The company's operating profit declined by 61.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.4% in 2QFY20 as against 21.6% in 2QFY19.
  • Depreciation charges increased by 14.7% and finance costs declined by 58.7% YoY, respectively.
  • Other income declined by 6.4% YoY during the quarter.
  • Net profit for the quarter declined by 78.8% YoY. Net profit margins during the quarter declined from 11.0% in 2QFY19 to 2.9% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 26.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 4.9% QoQ during the same period.
  • The company's operating profit declined by 74.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.4% in 2QFY20 as against 30.4% in 1QFY19.
  • Net profit for the quarter declined by 87.0% QoQ, while net profit margins declined from 16.5% in 1QFY19 to 2.9% in 2QFY20.

To see how INTERNATIONAL PAP. has performed over the last eight quarters,please visit here.

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INTERNATIONAL PAP. Share Price Performance

Over the last one year,INTERNATIONAL PAP. share price has moved down from Rs 515.8 to Rs 315.3, registering a Loss of Rs 200.5 or around 38.9%.

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

Current Valuations

At the current price of Rs 315.3, the price to earnings (P/E) ratio of INTERNATIONAL PAP. stands at 6.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.6 times.