DELTA CORP. Announces Quarterly Results (1QFY20); Net Profit Up 2.3%

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DELTA CORP. Announces Quarterly Results (1QFY20); Net Profit Up 2.3%
Wed, 10 Jul

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

DELTA CORP. Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m1,8732,0431,865-8.7%-0.4%
Other incomeRs m839282-11.1%-0.6%
TurnoverRs m1,9552,1351,947-8.8%-0.4%
ExpensesRs m1,2191,1641,1882.1%-2.5%
Gross profitRs m652922678-26.5%4.0%
DepreciationRs m949511016.0%17.2%
InterestRs m2310308.0%363.6%
Profit before taxRs m639918640-30.2%0.3%
TaxRs m225344217-37.1%-3.6%
Profit after taxRs m414573424-26.1%2.3%
Gross profit margin%34.845.136.4
Effective tax rate%35.237.533.8
Net profit margin%21.226.821.8
* 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 fell 0.4% on a year-on-year (YoY) basis. The expenses were down by 2.5% YoY during the same period.
  • The company's operating profit increased by 4.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 36.4% in 1QFY20 as against 34.8% in 1QFY19.
  • Depreciation charges increased by 17.2% and finance costs increased by 363.6% YoY, respectively.
  • Other income declined by 0.6% YoY during the quarter.
  • Net profit for the quarter increased by 2.3% YoY. Net profit margins during the quarter increased from 21.2% in 1QFY19 to 21.8% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 8.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.1% QoQ during the same period.
  • The company's operating profit declined by 26.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 36.4% in 1QFY20 as against 45.1% in 4QFY19.
  • Net profit for the quarter declined by 26.1% QoQ, while net profit margins declined from 26.8% in 4QFY19 to 21.8% in 1QFY20.

To see how DELTA CORP. has performed over the last eight quarters,please visit here.

DELTA CORP. Share Price Performance

Over the last one year,DELTA CORP. share price has moved down from Rs 241.5 to Rs 168.3, registering a Loss of Rs 73.2 or around 30.3%.

Overall, the S&P BSE SENSEX is up 7.9% over the year.

Current Valuations

At the current price of Rs 168.3, the price to earnings (P/E) ratio of DELTA CORP. stands at 19.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.3 times.

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