CARE RATING Announces Quarterly Results (1QFY21); Net Profit Down 28.1%

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CARE RATING Announces Quarterly Results (1QFY21); Net Profit Down 28.1%
Tue, 22 Sep

CARE RATING has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

CARE RATING Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m499660374-43.3%-25.1%
Other incomeRs m78749528.0%21.8%
TurnoverRs m577734469-36.1%-18.8%
ExpensesRs m378508323-36.4%-14.5%
Gross profitRs m12115250-66.7%-58.3%
DepreciationRs m1820200.0%9.1%
InterestRs m222-6.0%-14.3%
Profit before taxRs m178204123-39.4%-30.8%
TaxRs m444726-43.4%-39.1%
Profit after taxRs m13515797-38.2%-28.1%
Gross profit margin%24.323.013.5
Effective tax rate%24.423.021.5
Net profit margin%23.421.420.7
* 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 25.1% on a year-on-year (YoY) basis. The expenses were down by 14.5% YoY during the same period.
  • The company's operating profit declined by 58.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.5% in 1QFY21 as against 24.3% in 1QFY20.
  • Depreciation charges increased by 9.1% and finance costs declined by 14.3% YoY, respectively.
  • Other income increased by 21.8% YoY during the quarter.
  • Net profit for the quarter declined by 28.1% YoY. Net profit margins during the quarter declined from 23.4% in 1QFY20 to 20.7% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 43.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 36.4% QoQ during the same period.
  • The company's operating profit declined by 66.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.5% in 1QFY21 as against 23.0% in 4QFY20.
  • Net profit for the quarter declined by 38.2% QoQ, while net profit margins declined from 21.4% in 4QFY20 to 20.7% in 1QFY21.

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

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CARE RATING Share Price Performance

Over the last one year, CARE RATING share price has moved down from Rs 536.8 to Rs 367.1, registering a Loss of Rs 169.7 or around 31.6%.

Overall, the S&P BSE SENSEX is up 3.3% over the year.

Current Valuations

At the current price of Rs 367.1, the price to earnings (P/E) ratio of CARE RATING stands at 13.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.9 times.

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CARE RATING Announces Quarterly Results (3QFY21); Net Profit Up 7.7% (Quarterly Result Update)

Feb 10, 2021 | Updated on Feb 10, 2021

For the quarter ended December 2020, CARE RATING has posted a net profit of Rs 189 m (up 7.7% YoY). Sales on the other hand came in at Rs 556 m (down 0.9% YoY). Read on for a complete analysis of CARE RATING's quarterly results.

CARE RATING Announces Quarterly Results (3QFY20); Net Profit Down 42.8% (Quarterly Result Update)

Feb 10, 2020 | Updated on Feb 10, 2020

For the quarter ended December 2019, CARE RATING has posted a net profit of Rs 176 m (down 42.8% YoY). Sales on the other hand came in at Rs 561 m (down 23.0% YoY). Read on for a complete analysis of CARE RATING's quarterly results.

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