EMAMI LTD Announces Quarterly Results (4QFY20); Net Profit Down 54.9%
Tue, 30 Jun

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

EMAMI LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m6,3968,1265,327-34.5%-16.7%
Other incomeRs m173156145-7.0%-16.0%
TurnoverRs m6,5698,2825,472-33.9%-16.7%
ExpensesRs m5,5005,4864,342-20.9%-21.1%
Gross profitRs m8902,608911-65.1%2.4%
DepreciationRs m160856852-0.4%433.8%
InterestRs m624924-51.1%-61.2%
Profit before taxRs m8411,859180-90.3%-78.6%
TaxRs m280398-74-118.5%-126.3%
Profit after taxRs m5611,460253-82.7%-54.9%
Gross profit margin%13.932.117.1
Effective tax rate%33.321.4-41.1
Net profit margin%8.517.64.6
* 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 16.7% on a year-on-year (YoY) basis. The expenses were down by 21.1% YoY during the same period.
  • The company's operating profit increased by 2.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.1% in 4QFY20 as against 13.9% in 4QFY19.
  • Depreciation charges increased by 433.8% and finance costs declined by 61.2% YoY, respectively.
  • Other income declined by 16.0% YoY during the quarter.
  • Net profit for the quarter declined by 54.9% YoY. Net profit margins during the quarter declined from 8.5% in 4QFY19 to 4.6% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 34.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 20.9% QoQ during the same period.
  • The company's operating profit declined by 65.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.1% in 4QFY20 as against 32.1% in 3QFY19.
  • Net profit for the quarter declined by 82.7% QoQ, while net profit margins declined from 17.6% in 3QFY19 to 4.6% in 4QFY20.

To see how EMAMI LTD has performed over the last eight quarters,please visit here.

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EMAMI LTD Share Price Performance

Over the last one year,EMAMI LTD share price has moved down from Rs 298.7 to Rs 225.7, registering a Loss of Rs 73.0 or around 24.4%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 11,285.1 (up 0.4%). Over the last one year it has moved down from 11,361.9 to 11,285.1, a gain of 77 points (down 0.7%).

Overall, the S&P BSE SENSEX is down 11.3% over the year.

Current Valuations

At the current price of Rs 225.7, the price to earnings (P/E) ratio of EMAMI LTD stands at 16.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.5 times.