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

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.