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KOTHARI PRODUCTS Announces Quarterly Results (4QFY18); Net Profit Down 63.4%

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KOTHARI PRODUCTS Announces Quarterly Results (4QFY18); Net Profit Down 63.4%
Thu, 19 Jul

KOTHARI PRODUCTS has announced its results for the quarter ended March 2018. Here is a detailed performance review of the same:

KOTHARI PRODUCTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m10,21310,5828,753-17.3%-14.3%
Other incomeRs m12010476-27.3%-37.0%
TurnoverRs m10,33310,6868,828-17.4%-14.6%
ExpensesRs m9,97110,4138,658-16.9%-13.2%
Gross profitRs m242169-57-133.5%-123.4%
DepreciationRs m555-3.9%4.3%
InterestRs m56316297.8%11.7%
Profit before taxRs m302237-48-120.4%-116.0%
TaxRs m8482-128-256.2%-251.5%
Profit after taxRs m21815580-48.5%-63.4%
Gross profit margin%2.41.6-0.6
Effective tax rate%28.034.6265.4
Net profit margin%2.11.40.9
* 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 14.3% on a year-on-year (YoY) basis. The expenses were down by 13.2% YoY during the same period.
  • The company's operating profit declined by 123.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 0.6% in 4QFY18 as against 2.4% in 4QFY17.
  • Depreciation charges and finance costs increased by 4.3% YoY and 11.7% YoY, respectively.
  • Other income declined by 37.0% YoY during the quarter.
  • Net profit for the quarter declined by 63.4% YoY. Net profit margins during the quarter declined from 2.1% in 4QFY17 to 0.9% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 17.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 16.9% QoQ during the same period.
  • The company's operating profit declined by 133.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 0.6% in 4QFY18 as against 1.6% in 3QFY17.
  • Net profit for the quarter declined by 48.5% QoQ, while net profit margins same from 1.5% in 3QFY17 to 0.9% in 4QFY18.

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

KOTHARI PRODUCTS Share Price Performance

Over the last one year, KOTHARI PRODUCTS share price has moved up from Rs 189.8 to Rs 118.0, registering a Loss of Rs -71.8 or around 37.8%.

Overall, the S&P BSE SENSEX is down 0.1% over the year.

Current Valuations

At the current price of Rs 118.0, the price to earnings (P/E) ratio of KOTHARI PRODUCTS stands at 7.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.4 times.

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