ALLSEC TECHNOLOGIES Announces Quarterly Results (1QFY20); Net Profit Up 46.8%

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ALLSEC TECHNOLOGIES Announces Quarterly Results (1QFY20); Net Profit Up 46.8%
Thu, 25 Jul

ALLSEC TECHNOLOGIES has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

ALLSEC TECHNOLOGIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m6306636741.6%7.0%
Other incomeRs m231914-24.3%-38.6%
TurnoverRs m6536826880.9%5.4%
ExpensesRs m531513486-5.4%-8.6%
Gross profitRs m9826188632.7%91.4%
DepreciationRs m131450269.9%299.2%
InterestRs m14665.7%728.6%
Profit before taxRs m10827146439.5%35.5%
TaxRs m274627-41.0%1.1%
Profit after taxRs m81-1911946.8%
Gross profit margin%15.63.927.9
Effective tax rate%24.7169.018.5
Net profit margin%12.4-2.717.3
* 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 7.0% on a year-on-year (YoY) basis. The expenses were down by 8.6% YoY during the same period.
  • The company's operating profit increased by 91.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 27.9% in 1QFY20 as against 15.6% in 1QFY19.
  • Depreciation charges increased by 299.2% and finance costs increased by 728.6% YoY, respectively.
  • Other income declined by 38.6% YoY during the quarter.
  • Net profit for the quarter increased by 46.8% YoY. Net profit margins during the quarter increased from 12.4% in 1QFY19 to 17.3% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 5.4% QoQ during the same period.
  • The company's operating profit increased by 632.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 27.9% in 1QFY20 as against 3.9% in 4QFY19.
  • Net profit for the quarter increased by 737.4% QoQ, while net profit margins increased from -2.8% in 4QFY19 to 17.3% in 1QFY20.

To see how ALLSEC TECHNOLOGIES has performed over the last eight quarters,please visit here.

ALLSEC TECHNOLOGIES Share Price Performance

Over the last one year,ALLSEC TECHNOLOGIES share price has moved up from Rs 272.0 to Rs 310.0, registering a Gain of Rs 38.1 or around 14.0%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,523.7 (up 0.4%). Over the last one year it has moved up from 14,618.7 to 15,523.7, a gain of 905 points (up 6.2%).

Overall, the S&P BSE SENSEX is up 3.3% over the year.

Current Valuations

At the current price of Rs 310.0, the price to earnings (P/E) ratio of ALLSEC TECHNOLOGIES stands at 24.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.3 times.

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