LINDE INDIA Announces Quarterly Results (4QFY20); Net Profit Up 9.7%

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LINDE INDIA Announces Quarterly Results (4QFY20); Net Profit Up 9.7%
Tue, 21 Apr

LINDE INDIA has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:

LINDE INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m4,4114,1283,773-8.6%-14.5%
Other incomeRs m4918165808.4%235.1%
TurnoverRs m4,4604,1463,938-5.0%-11.7%
ExpensesRs m3,2843,1292,903-7.2%-11.6%
Gross profitRs m1,1279,407869-90.8%-22.9%
DepreciationRs m423492439-10.8%3.7%
InterestRs m23317630-83.0%-87.1%
Profit before taxRs m5218,756566-93.5%8.6%
TaxRs m1652,411176-92.7%6.3%
Profit after taxRs m3566,345390-93.8%9.7%
Gross profit margin%25.6227.923.0
Effective tax rate%31.727.531.0
Net profit margin%8.0153.09.9
* 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 14.5% on a year-on-year (YoY) basis. The expenses were down by 11.6% YoY during the same period.
  • The company's operating profit declined by 22.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 23.0% in 4QFY20 as against 25.6% in 4QFY19.
  • Depreciation charges increased by 3.7% and finance costs declined by 87.1% YoY, respectively.
  • Other income increased by 235.1% YoY during the quarter.
  • Net profit for the quarter increased by 9.7% YoY. Net profit margins during the quarter increased from 8.0% in 4QFY19 to 9.9% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 8.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.2% QoQ during the same period.
  • The company's operating profit declined by 90.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 23.0% in 4QFY20 as against 227.9% in 3QFY19.
  • Net profit for the quarter declined by 93.8% QoQ, while net profit margins declined from 153.0% in 3QFY19 to 9.9% in 4QFY20.

To see how LINDE INDIA has performed over the last eight quarters,please visit here.

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LINDE INDIA Share Price Performance

Over the last one year,LINDE INDIA share price has moved up from Rs 478.7 to Rs 521.4, registering a Gain of Rs 42.8 or around 8.9%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 11,019.5 (down 2.9%). Over the last one year it has moved down from 15,008.5 to 11,019.5, a loss of 3,989 points (down 26.6%).

Overall, the S&P BSE SENSEX is down 20.3% over the year.

Current Valuations

At the current price of Rs 521.4, the price to earnings (P/E) ratio of LINDE INDIA stands at 8.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.3 times.

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LINDE INDIA Announces Quarterly Results (1QFY20); Net Profit Up 284.1% (Quarterly Result Update)

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For the quarter ended June 2019, LINDE INDIA has posted a net profit of Rs 202 m (up 284.1% YoY). Sales on the other hand came in at Rs 5 bn (down 9.4% YoY). Read on for a complete analysis of LINDE INDIA's quarterly results.

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