Tata Finance 3Q profits down 77% - 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 3Q profits down 77%

Jul 4, 2001

Tata Finance reported a drop of 77% in profits for the third quarter ended March '01. This was largely due to a 89% decline in other income and 52% rise in depreciation charge.

(Rs m) 3QFY00 3QFY01 Change
Operating Income 1,119 1,402 25.4%
Other Income 512 56 -89.1%
Interest Expenses 998 944 -5.4%
Operating Profit (EBDIT) 121 458 278.8%
Operating Profit Margin (%) 10.8% 32.7%  
Other expenses 283 262 -7.4%
Depreciation 130 198 52.1%
Profit before Tax 220 53 -75.6%
Tax 30 9 -69.3%
Profit after Tax/(Loss) 190 44 -76.6%
Net profit margin (%) 16.9% 3.2%  
No. of Shares (eoy) (m) 45.48 45.48  
Diluted Earnings per share* 16.7 3.9  
P/E (at current price)   7  
*(annualised)      

The company's operating margins however improved to 33% compared to 11% in the corresponding quarter in the previous quarter.

The fall in other income was due to a substantial reduction in dividend from the subsidiaries.

At the current market price of Rs 28 Tata Finance is trading at a P/E of 7 times its 3QFY01 annualised earnings.

Equitymaster requests your view! Post a comment on "Tata Finance 3Q profits down 77%". 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 Recent Recommendation Will Profit from the Global Supply Chain Crisis (Profit Hunter)

Mar 31, 2021

A tiny chemical company, started in the Licence Raj era, is a great example of a new wealth creating opportunity.

My Stock Trading Strategy (Fast Profits Daily)

Mar 31, 2021

In this video I'll show you exactly how I go about picking stocks for trading.

4 Stocks to Make Your Portfolio Immune to the Second Covid Wave (Profit Hunter)

Apr 6, 2021

Rather than predicting the market, successful investing is more about preparing well and placing your bets accordingly.

If the Market Falls, I Will Do This... (Fast Profits Daily)

Apr 1, 2021

What should you do if the market falls? In this video, I'll tell you what I will do.

India: Recovery Stalled by Vaccine Games? (The Honest Truth)

Apr 13, 2021

Ajit Dayal on how India's vaccine strategy will impact the markets.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, 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