Gujarat Fluorochemicals Q4FY16 consolidated net profit rises 34.73% yoy to Rs.232.63 crore : Estimates Mixed

India Infoline News Service | Mumbai |

The company’s consolidated revenue stood at Rs. 2,384.36 crore, up 53.51% yoy and 48.44% qoq.

Gujarat Fluorochemicals
Gujarat Fluorochemicals, subsidiary of Inox Leasing and Finance Limited, reported consolidated net profit of Rs.232.63 crore for the quarter ended March 31, 2016, registering decline of 34.73% yoy, but growth of 104.13% qoq. The company’s revenue stood at Rs. 2,384.36 crore, up 53.51% yoy and 48.44% qoq.

Its consolidated core operating profit of Rs. 408.57 crore for the quarter, clocked growth of 45.59% yoy and 40.93% qoq. Operating profit margin for the current quarter at 17.14% contracted by 93 bps yoy and 91 bps qoq.

For the year ended March 31, 2016, the company reported consolidated net profit of Rs. 598.70 crore, declining by 10.25% yoy. Its consolidated revenue for the period stood at Rs. 7,198.67 crore, registering growth of 34.79% yoy.

Gujarat Fluorochemicals Ltd's core operating profit stood at Rs. 1,302.58 crore, recording growth of 25.85% yoy. Operating margin for the current period at 17.86% contracted by 84 bps yoy.

On standalone basis,Gujarat Fluorochemicals Ltd, reported standalone net profit of Rs.30.10 crore for the quarter ended March 31, 2016, registering decline of 89.97% yoy, but growth of 42.12% qoq. The company’s revenue stood at Rs. 354.29 crore, up 1.97% yoy and 16.39% qoq.

Its standalone core operating profit of Rs. 76.55 crore for the quarter, clocked growth of 13.14% yoy and 20.25% qoq. Operating profit margin for the current quarter at 21.61% expanded by 214 bps yoy and 70 bps qoq.

For the year ended March 31, 2016, the company reported standalone net profit of Rs. 104.15 crore, declining by 72.76% yoy. Its standalone revenue for the period stood at Rs. 1,338.31 crore, registering growth of 1.31% yoy.

Gujarat Fluorochemicals Ltd's core operating profit stood at Rs. 295.33 crore, recording growth of 4.6% yoy. Operating margin for the current period at 21.97% expanded by 60 bps yoy.

Result Highlights: (Rs. in crore)

Reported Results Bloomberg Estimates % change
Standalone Revenue 354.29 350 1.22
Standalone Net Profit 30.10 33 (8.78)

Standalone EPS for the quarter stood at Rs. 2.74.

Bloomberg estimated the company’s standalone net profit at Rs. 33 crore.

Stock Commentary:

Gujarat Fluorochemicals Ltd is currently trading at Rs. 532.8, up by 9.25 points or 1.77% from its previous closing of Rs. 523.55 on the BSE.

The scrip opened at Rs. 530 and has touched a high and low of Rs. 539.95 and Rs. 509.45 respectively. So far 181537(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 5753.81 crore.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 780.05 on 21-Aug-2015 and a 52 week low of Rs. 401.05 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 536.35 and Rs. 513.55 respectively.

The promoters holding in the company stood at 68.33 % while Institutions and Non-Institutions held 7.89 % and 23.77 % respectively.

The stock is currently trading below its 200 DMA.



***Note: This is a NSE Chart

 

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