KIOCL Ltd posts Rs. 26.44 crore net profit in Q4

KIOCL Ltd has reported financial results for the period ended March 31, 2020.

Financial Results (Q4 FY19-20) - QoQ Comparison

The company has reported net sales of Rs.534.29 crores during the period ended March 31, 2020 as compared to Rs.509.54 crores during the period ended December 31, 2019.

The company has posted net profit of Rs.26.44 crores for the period ended March 31, 2020 as against net loss of Rs.(3.66) crores for the period ended December 31, 2019.

The company has reported EPS of Rs.0.43 for the period ended March 31, 2020 as compared to Rs.(0.06) for the period ended December 31, 2019.

Financials	Q4 FY19-20	Q3 FY19-20	% Change
Total Income	₹ 534.29 crs	₹ 509.54 crs	4.86%
Net Profit	₹ 26.44 crs	₹ (3.66) crs	822.4%
EPS	₹ 0.43	₹ (0.06)	816.67%

Financial Results (Q4 FY19-20) - YoY Comparison

The company has reported net sales of Rs.534.29 crores during the period ended March 31, 2020 as compared to Rs.684.86 crores during the period ended March 31, 2019.

The company has posted net profit of Rs.26.44 crores for the period ended March 31, 2020 as against Rs.44.83 crores for the period ended March 31, 2019.

The company has reported EPS of Rs.0.43 for the period ended March 31, 2020 as compared to Rs.0.72 for the period ended March 31, 2019.

Financials	Q4 FY19-20	Q4 FY18-19	% Change
Total Income	₹ 534.29 crs	₹ 684.86 crs	-21.99%
Net Profit	₹ 26.44 crs	₹ 44.83 crs	-41.02%
EPS	₹ 0.43	₹ 0.72	-40.28%

Financial Results (Year ended FY 2019-20) - YoY Comparison

The company has reported net sales of Rs.2056.53 crores during the 12 months period ended March 31, 2020 as compared to Rs.2012.68 crores during the 12 months period ended March 31, 2019.

The company has posted net profit of Rs.43.48 crores for the 12 months period ended March 31, 2020 as against Rs.111.86 crores for the 12 months period ended March 31, 2019.

The company has reported EPS of Rs.0.70 for the 12 months period ended March 31, 2020 as compared to Rs.1.78 for the 12 months period ended March 31, 2019.

Financials	FY2019-20	FY2018-19	% Change
Total Income	₹ 2056.53 crs	₹ 2012.68 crs	2.18%
Net Profit	₹ 43.48 crs	₹ 111.86 crs	-61.13%
EPS	₹ 0.70	₹1.78	-60.67%

Key highlights - FY 2019-20

- Pellet Production 2.375 Million Ton as against 2.238 million tons of previous FY, up by 6%

- Dispatches 2.356 Million Tons as against 2.206 million tons of previous FY, up by 7%.

- Total revenue Rs.2056.53 Crores, as against Rs.2012.68 crores of previous FY, up by 2%

- Production and Despatches are high since 2006 and the Turnover is high since inception of Company

- Profit before Tax Rs. 63.68 Crores, Profit after Tax Rs. 43.48 Crores

- Export of Pellet 1.99 Million Ton, Highest since closure of captive mine (end of 2005) at Kudremukh.

Shri MV Subba Rao, CMD, KIOCL informed that export market has helped to improve performance of the Company. Total exports stood at 84% and the pellets were exported to Brazil, Middle East, China, Europe etc. For inward and outward movement of materials utilized 100% Coastal route.

Shares of KIOCL Ltd was last trading in BSE at Rs.109.95 as compared to the previous close of Rs. 109.25. The total number of shares traded during the day was 109 in over 5 trades.

The stock hit an intraday high of Rs. 109.95 and intraday low of 107.25. The net turnover during the day was Rs. 11795.

Source : Equity Bulls

Keywords