CARE RATING Announces Quarterly Results (1QFY20); Net Profit Down 47.2%

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CARE RATING Announces Quarterly Results (1QFY20); Net Profit Down 47.2%
Mon, 5 Aug

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

CARE RATING Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m574894499-44.2%-13.1%
Other incomeRs m429678-18.7%84.0%
TurnoverRs m617990577-41.7%-6.4%
ExpensesRs m289403378-6.1%31.0%
Gross profitRs m286491121-75.4%-57.6%
DepreciationRs m691896.1%190.6%
InterestRs m0020.0%0.0%
Profit before taxRs m322578178-69.1%-44.5%
TaxRs m6621144-79.4%-34.2%
Profit after taxRs m255367135-63.2%-47.2%
Gross profit margin%49.755.024.3
Effective tax rate%20.636.524.4
Net profit margin%41.437.023.4
* 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 13.1% on a year-on-year (YoY) basis. The expenses were up by 31.0% YoY during the same period.
  • The company's operating profit declined by 57.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 24.3% in 1QFY20 as against 49.7% in 1QFY19.
  • Depreciation charges increased by 190.6% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 84.0% YoY during the quarter.
  • Net profit for the quarter declined by 47.2% YoY. Net profit margins during the quarter declined from 41.4% in 1QFY19 to 23.4% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 44.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.1% QoQ during the same period.
  • The company's operating profit declined by 75.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 24.3% in 1QFY20 as against 55.0% in 4QFY19.
  • Net profit for the quarter declined by 63.2% QoQ, while net profit margins declined from 37.1% in 4QFY19 to 23.4% in 1QFY20.

To see how CARE RATING has performed over the last eight quarters,please visit here.

CARE RATING Share Price Performance

Over the last one year,CARE RATING share price has moved down from Rs 1,294.3 to Rs 484.0, registering a Loss of Rs 810.3 or around 62.6%.

Overall, the S&P BSE SENSEX is down 1.8% over the year.

Current Valuations

At the current price of Rs 484.0, the price to earnings (P/E) ratio of CARE RATING stands at 11.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.3 times.

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For the quarter ended June 2020, CARE RATING has posted a net profit of Rs 97 m (down 28.1% YoY). Sales on the other hand came in at Rs 374 m (down 25.1% YoY). Read on for a complete analysis of CARE RATING's quarterly results.

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Sep 22, 2020 01:33 PM

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