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

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CARE RATING Announces Quarterly Results (3QFY21); Net Profit Up 7.7%
Wed, 10 Feb

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

CARE RATING Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m561759556-26.7%-0.9%
Other incomeRs m7180811.6%13.8%
TurnoverRs m633839637-24.0%0.7%
ExpensesRs m3853403739.9%-3.1%
Gross profitRs m176419183-56.4%3.8%
DepreciationRs m2020200.2%0.8%
InterestRs m222-6.8%-28.0%
Profit before taxRs m225477242-49.3%7.6%
TaxRs m4911952-55.8%7.1%
Profit after taxRs m176358189-47.2%7.7%
Gross profit margin%31.355.232.8
Effective tax rate%21.724.821.6
Net profit margin%27.842.729.7
* 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 0.9% on a year-on-year (YoY) basis. The expenses were down by 3.1% YoY during the same period.
  • The company's operating profit increased by 3.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 32.8% in 3QFY21 as against 31.3% in 3QFY20.
  • Depreciation charges increased by 0.8% and finance costs declined by 28.0% YoY, respectively.
  • Other income increased by 13.8% YoY during the quarter.
  • Net profit for the quarter increased by 7.7% YoY. Net profit margins during the quarter increased from 27.8% in 3QFY20 to 29.7% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 26.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 9.9% QoQ during the same period.
  • The company's operating profit declined by 56.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 32.8% in 3QFY21 as against 55.2% in 2QFY20.
  • Net profit for the quarter declined by 47.2% QoQ, while net profit margins declined from 42.7% in 2QFY20 to 29.7% in 3QFY21.

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 596.0 to Rs 480.5, registering a Loss of Rs 115.5 or around 19.4%.

Overall, the S&P BSE SENSEX is up 24.9% over the year.

Current Valuations

At the current price of Rs 480.5, the price to earnings (P/E) ratio of CARE RATING stands at 17.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.5 times.

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

Sep 22, 2020 | Updated on Sep 22, 2020

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.

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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Oct 7, 2019 | Updated on Oct 7, 2019

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