BALMER LAWRIE Announces Quarterly Results (4QFY19); Net Profit Up 0.4%
Thu, 6 Jun

BALMER LAWRIE has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

BALMER LAWRIE Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m4,7803,9474,74520.2%-0.7%
Other incomeRs m39377443477.4%12.8%
TurnoverRs m5,1734,0245,18828.9%0.3%
ExpensesRs m3,9273,4923,86110.6%-1.7%
Gross profitRs m85345688494.0%3.6%
DepreciationRs m7667680.7%-10.4%
InterestRs m92110-53.0%17.9%
Profit before taxRs m1,1624441,250181.6%7.5%
TaxRs m283175367110.0%29.8%
Profit after taxRs m880269883228.1%0.4%
Gross profit margin%17.911.518.6
Effective tax rate%24.339.429.4
Net profit margin%17.06.717.0
* 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 0.7% on a year-on-year (YoY) basis. The expenses were down by 1.7% YoY during the same period.
  • The company's operating profit increased by 3.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.6% in 4QFY19 as against 17.9% in 4QFY18.
  • Depreciation charges declined by 10.4% and finance costs increased by 17.9% YoY, respectively.
  • Other income increased by 12.8% YoY during the quarter.
  • Net profit for the quarter increased by 0.4% YoY. Net profit margins during the quarter increased from 17.0% in 4QFY18 to 17.0% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 20.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 10.6% QoQ during the same period.
  • The company's operating profit increased by 94.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.6% in 4QFY19 as against 11.5% in 3QFY18.
  • Net profit for the quarter increased by 228.1% QoQ, while net profit margins increased from 6.7% in 3QFY18 to 17.0% in 4QFY19.

To see how BALMER LAWRIE has performed over the last eight quarters, please visit here.

BALMER LAWRIE Share Price Performance

Over the last one year, BALMER LAWRIE share price has moved up from Rs 216.3 to Rs 193.6, registering a Loss of Rs 22.7 or around 10.5%.

Overall, the S&P BSE SENSEX is up 14.2% over the year.

Current Valuations

At the current price of Rs 193.6, the price to earnings (P/E) ratio of BALMER LAWRIE stands at 11.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.5 times.