Tata Finance: Net profits down 25% - Views on News from Equitymaster

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?  

Tata Finance: Net profits down 25%

Feb 1, 2001

Tata Finance' operating margins improved for the second consecutive quarter in 3QFY01 on the back of lower interest cost. However, higher depreciation charge and other expenses apart from a drop of 50% in other income hit the bottomline of the company. The company's net profits during the quarter declined by 25%.

(Rs m) 2QFY00 2QFY01 Change
Operating Income 1,242 1,433 15.4%
Other Income 204 88 -57.0%
Interest Expenses 862 932 8.1%
Operating Profit (EBDIT) 380 502 31.9%
Operating Profit Margin (%) 30.6% 35.0%  
Other expenses 157 210 33.8%
Depreciation 182 192 5.8%
Profit before Tax 246 188 -23.7%
Provisions & write offs 69 64 -6.8%
Tax 40 20 -48.9%
Profit after Tax/(Loss) 137 103 -24.9%
Net profit margin (%) 11.0% 7.2%  
No. of Shares (eoy) (m) 40.82 45.48  
Diluted Earnings per share* 12.0 9.0  
P/E (at current price) 4 6  
*(annualised)      

At the current market price of Rs 50 Tata Finance is trading at a P/E of 6 times its 3QFY01 annualised earnings with a Price/Book value ratio of 0.5 times.


Equitymaster requests your view! Post a comment on "Tata Finance: Net profits down 25%". Click here!

  

More Views on News

How the YES Bank Collapse Unfolded - 10 Points (Sector Info)

Mar 9, 2020

A timeline of how YES Bank went from a stock market darling to a pariah.

Today's Stock Market Crash: 10 Points (Sector Info)

Mar 6, 2020

Top factors that dragged the markets lower today.

More Views on News

Most Popular

My Top Stock to Buy in this Market Selloff (Profit Hunter)

Sep 22, 2020

The recent correction offers a great opportunity to buy this high conviction smallcap stock.

Can the Nifty Fall to 10,200? (Fast Profits Daily)

Sep 24, 2020

The Nifty has reached an important support level today. If it breaks then we could see further downside.

What Do the Charts Say About Buying Smallcaps Now? (Fast Profits Daily)

Sep 18, 2020

Everyone seems to be excited about buying smallcaps now...but is it the right thing to do? What do the charts tell us? Find out in this video...

I Believe These Stocks Will Deliver the Most Outsized Returns in 2021 and Beyond (Profit Hunter)

Sep 23, 2020

Rules of the racetrack can help you bag the biggest gainers of the coming decade.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

TRACK TATA FINANCE

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

MARKET STATS