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KWALITY Announces Quarterly Results (4QFY19); Net Profit Down 38640.1%
Mon, 17 Jun

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

KWALITY Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m17,0903,6201,137-68.6%-93.3%
Other incomeRs m8950-98.0%-99.9%
TurnoverRs m17,1793,6251,137-68.6%-93.4%
ExpensesRs m15,72217,6695,644-68.1%-64.1%
Gross profitRs m1,368-14,049-4,508-429.6%
DepreciationRs m329342341-0.3%3.6%
InterestRs m76161862-90.0%-91.9%
Profit before taxRs m367-15,004-4,910-1436.6%
TaxRs m3540650.0%-81.6%
Profit after taxRs m13-15,004-4,976-38640.1%
Gross profit margin%8.0-388.1-396.6
Effective tax rate%96.50.0-1.3
Net profit margin%0.1-413.9-437.7
* 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 93.3% on a year-on-year (YoY) basis. The expenses were down by 64.1% YoY during the same period.
  • The company's operating profit declined by 429.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 396.6% in 4QFY19 as against 8.0% in 4QFY18.
  • Depreciation charges increased by 3.6% and finance costs declined by 91.9% YoY, respectively.
  • Other income declined by 99.9% YoY during the quarter.
  • Net profit for the quarter declined by 38640.1% YoY. Net profit margins during the quarter declined from 0.1% in 4QFY18 to -437.7% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 68.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 68.1% QoQ during the same period.
  • The company's operating profit declined by 67.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 396.6% in 4QFY19 as against 388.1% in 3QFY18.
  • Net profit for the quarter increased by 66.8% QoQ, while net profit margins declined from -413.9% in 3QFY18 to -437.7% in 4QFY19.

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

KWALITY Share Price Performance

Over the last one year, KWALITY share price has moved up from Rs 29.3 to Rs 3.1, registering a Loss of Rs 26.2 or around 89.4%.

Overall, the S&P BSE SENSEX is up 10.4% over the year.

Current Valuations

At the current price of Rs 3.1, the price to book value (P/BV) ratio of KWALITY stands at 0.1 times.