CAREER POINT Announces Quarterly Results (3QFY20); Net Profit Up 51.2%

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CAREER POINT Announces Quarterly Results (3QFY20); Net Profit Up 51.2%
Fri, 14 Feb

CAREER POINT has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

CAREER POINT Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m23728734219.3%44.4%
Other incomeRs m141612-22.4%-13.6%
TurnoverRs m25130335417.1%41.1%
ExpensesRs m14517321423.5%47.5%
Gross profitRs m9211412912.9%39.4%
DepreciationRs m1111111.2%-0.1%
InterestRs m171916-12.0%-1.6%
Profit before taxRs m7910011313.2%44.1%
TaxRs m213626-26.5%24.5%
Profit after taxRs m58648735.2%51.2%
Gross profit margin%38.939.737.6
Effective tax rate%26.835.723.2
Net profit margin%22.921.324.6
* 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 grew 44.4% on a year-on-year (YoY) basis. The expenses were up by 47.5% YoY during the same period.
  • The company's operating profit increased by 39.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 37.6% in 3QFY20 as against 38.9% in 3QFY19.
  • Depreciation charges declined by 0.1% and finance costs declined by 1.6% YoY, respectively.
  • Other income declined by 13.6% YoY during the quarter.
  • Net profit for the quarter increased by 51.2% YoY. Net profit margins during the quarter increased from 22.9% in 3QFY19 to 24.6% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 19.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 23.5% QoQ during the same period.
  • The company's operating profit increased by 12.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 37.6% in 3QFY20 as against 39.7% in 2QFY19.
  • Net profit for the quarter increased by 35.2% QoQ, while net profit margins increased from 21.1% in 2QFY19 to 24.6% in 3QFY20.

To see how CAREER POINT has performed over the last eight quarters,please visit here.

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CAREER POINT Share Price Performance

Over the last one year,CAREER POINT share price has moved up from Rs 68.1 to Rs 134.9, registering a Gain of Rs 66.8 or around 98.1%.

Overall, the S&P BSE SENSEX is up 14.4% over the year.

Current Valuations

At the current price of Rs 134.9, the price to earnings (P/E) ratio of CAREER POINT stands at 8.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

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For the quarter ended March 2019, CAREER POINT has posted a net profit of Rs 53 m (up 79.2% YoY). Sales on the other hand came in at Rs 242 m (up 29.1% YoY). Read on for a complete analysis of CAREER POINT's quarterly results.

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