DELTA CORP. Announces Quarterly Results (2QFY20); Net Profit Up 22.7%

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DELTA CORP. Announces Quarterly Results (2QFY20); Net Profit Up 22.7%
Thu, 17 Oct

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

DELTA CORP. Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m2,0141,8652,0087.7%-0.3%
Other incomeRs m838265-20.8%-21.5%
TurnoverRs m2,0961,9472,0736.5%-1.1%
ExpensesRs m1,2511,1881,1950.6%-4.5%
Gross profitRs m76667882221.3%7.4%
DepreciationRs m941101209.8%27.8%
InterestRs m710113.9%47.2%
Profit before taxRs m74864075718.1%1.2%
TaxRs m267217166-23.3%-37.7%
Profit after taxRs m48142459039.3%22.7%
Gross profit margin%38.036.440.9
Effective tax rate%35.733.822.0
Net profit margin%22.921.828.5
* 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 0.3% on a year-on-year (YoY) basis. The expenses were down by 4.5% YoY during the same period.
  • The company's operating profit increased by 7.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 40.9% in 2QFY20 as against 38.0% in 2QFY19.
  • Depreciation charges increased by 27.8% and finance costs increased by 47.2% YoY, respectively.
  • Other income declined by 21.5% YoY during the quarter.
  • Net profit for the quarter increased by 22.7% YoY. Net profit margins during the quarter increased from 22.9% in 2QFY19 to 28.5% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 7.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.6% QoQ during the same period.
  • The company's operating profit increased by 21.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 40.9% in 2QFY20 as against 36.4% in 1QFY19.
  • Net profit for the quarter increased by 39.3% QoQ, while net profit margins increased from 21.8% in 1QFY19 to 28.5% in 2QFY20.

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

Last Day: Watch the Replay of Great Indian Wealth Project Special Event

DELTA CORP. Share Price Performance

Over the last one year,DELTA CORP. share price has moved down from Rs 227.0 to Rs 179.7, registering a Loss of Rs 47.3 or around 20.8%.

Overall, the S&P BSE SENSEX is up 10.0% over the year.

Current Valuations

At the current price of Rs 179.7, the price to earnings (P/E) ratio of DELTA CORP. stands at 19.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.1 times.

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For the quarter ended March 2020, DELTA CORP. has posted a net profit of Rs 287 m (down 49.9% YoY). Sales on the other hand came in at Rs 2 bn (down 11.4% YoY). Read on for a complete analysis of DELTA CORP.'s quarterly results.

DELTA CORP. Announces Quarterly Results (3QFY20); Net Profit Up 9.4% (Quarterly Result Update)

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