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.

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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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