SHALIMAR PAINTS Announces Quarterly Results (3QFY19); Net Profit Down 36.8%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

SHALIMAR PAINTS Announces Quarterly Results (3QFY19); Net Profit Down 36.8%
Fri, 15 Feb

SHALIMAR PAINTS has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

SHALIMAR PAINTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m6637177494.4%13.1%
Other incomeRs m54410.3%-8.5%
TurnoverRs m6677217544.5%12.9%
ExpensesRs m7497848275.6%10.5%
Gross profitRs m-86-66-119
DepreciationRs m1921210.0%11.7%
InterestRs m716559-9.1%-16.5%
Profit before taxRs m-171-148-195
TaxRs m-73-48-61
Profit after taxRs m-98-101-135
Gross profit margin%-13.0-9.2-15.9
Effective tax rate%42.632.231.1
Net profit margin%-14.7-13.9-17.9
* 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 grew 13.1% on a year-on-year (YoY) basis. The expenses were up by 10.5% YoY during the same period.
  • The company's operating profit increased by 38.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.9% in 3QFY19 as against 13.0% in 3QFY18.
  • Depreciation charges increased by 11.7% and finance costs declined by 16.5% YoY, respectively.
  • Other income declined by 8.5% YoY during the quarter.
  • Net profit for the quarter declined by 36.8% YoY. Net profit margins during the quarter declined from -14.7% in 3QFY18 to -17.9% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.6% QoQ during the same period.
  • The company's operating profit declined by 80.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.9% in 3QFY19 as against 9.2% in 2QFY18.
  • Net profit for the quarter declined by 33.8% QoQ, while net profit margins declined from -14.0% in 2QFY18 to -17.9% in 3QFY19.

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

SHALIMAR PAINTS Share Price Performance

Over the last one year, SHALIMAR PAINTS share price has moved up from Rs 180.0 to Rs 58.9, registering a Loss of Rs 121.2 or around 67.3%.

Overall, the S&P BSE SENSEX is up 4.5% over the year.

Current Valuations

At the current price of Rs 58.9, the price to book value (P/BV) ratio of SHALIMAR PAINTS stands at 1.5 times.

Equitymaster requests your view! Post a comment on "SHALIMAR PAINTS Announces Quarterly Results (3QFY19); Net Profit Down 36.8%". Click here!

  

Related Views on News

SHALIMAR PAINTS Announces Quarterly Results (1QFY20); Net Profit Up 64.0% (Quarterly Result Update)

Aug 16, 2019 | Updated on Aug 16, 2019

For the quarter ended June 2019, SHALIMAR PAINTS has posted a net profit of Rs 53 m (up 64.0% YoY). Sales on the other hand came in at Rs 851 m (up 65.3% YoY). Read on for a complete analysis of SHALIMAR PAINTS's quarterly results.

SHALIMAR PAINTS Announces Quarterly Results (4QFY19); Net Profit Down 169.3% (Quarterly Result Update)

Jun 7, 2019 | Updated on Jun 7, 2019

For the quarter ended March 2019, SHALIMAR PAINTS has posted a net profit of Rs 433 m (down 169.3% YoY). Sales on the other hand came in at Rs 895 m (up 48.6% YoY). Read on for a complete analysis of SHALIMAR PAINTS's quarterly results.

SHALIMAR PAINTS 2017-18 Annual Report Analysis (Annual Result Update)

Apr 3, 2019 | Updated on Apr 3, 2019

Here's an analysis of the annual report of SHALIMAR PAINTS for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of SHALIMAR PAINTS. Also includes updates on the valuation of SHALIMAR PAINTS.

More Views on News

Most Popular

The Next Few Days Are Crucial for Smallcap Investors - And 3 Must-Buy Stocks(Profit Hunter)

Feb 19, 2020

While I have been writing about the rebound in smallcaps for quite some time now... I have shied from the question - When exactly is the smallcap rebound happening. Well, the answer is now.

Here's Why I Recommended 15 Stocks in One Day Flat(Views On News)

Feb 14, 2020

This proven strategy can give big returns in quick time.

The Top 8 Trading Mistakes You Should Avoid(Fast Profits Daily)

Feb 18, 2020

Avoid these mistakes and your trading will turn much more profitable.

These Rebirth of India Stocks Are Raring to Compete with Tesla(The 5 Minute Wrapup)

Feb 17, 2020

There are Indian stocks which can soar like Tesla in the long-run.

Corona Virus Could Trigger a Rally in this Stock(Profit Hunter)

Feb 20, 2020

A company which benefits from crude oil and coronavirus - if you would like to know more about it read this.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get our special report, Secret to Increasing Your Trading Profits Today Now!
We will never sell or rent your email id.
Please read our Terms

SHALIMAR PAINTS SHARE PRICE


Feb 25, 2020 (Close)

TRACK SHALIMAR PAINTS

  • Track your investment in SHALIMAR PAINTS with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON SHALIMAR PAINTS

SHALIMAR PAINTS - ASIAN PAINTS COMPARISON

COMPARE SHALIMAR PAINTS WITH

MARKET STATS