D. B. CORP Announces Quarterly Results (2QFY20); Net Profit Up 63.6%

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D. B. CORP Announces Quarterly Results (2QFY20); Net Profit Up 63.6%
Thu, 17 Oct

D. B. CORP has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

D. B. CORP Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m5,8216,0705,314-12.5%-8.7%
Other incomeRs m544122-47.4%-59.4%
TurnoverRs m5,8746,1125,336-12.7%-9.2%
ExpensesRs m4,8984,3154,3300.3%-11.6%
Gross profitRs m9231,755984-43.9%6.6%
DepreciationRs m251304303-0.2%20.8%
InterestRs m30536420.3%113.1%
Profit before taxRs m6961,439639-55.6%-8.2%
TaxRs m234502-117-123.3%-150.0%
Profit after taxRs m462937756-19.4%63.6%
Gross profit margin%15.928.918.5
Effective tax rate%33.634.9-18.3
Net profit margin%7.915.314.2
* 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 8.7% on a year-on-year (YoY) basis. The expenses were down by 11.6% YoY during the same period.
  • The company's operating profit increased by 6.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.5% in 2QFY20 as against 15.9% in 2QFY19.
  • Depreciation charges increased by 20.8% and finance costs increased by 113.1% YoY, respectively.
  • Other income declined by 59.4% YoY during the quarter.
  • Net profit for the quarter increased by 63.6% YoY. Net profit margins during the quarter increased from 7.9% in 2QFY19 to 14.2% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 12.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.3% QoQ during the same period.
  • The company's operating profit declined by 43.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.5% in 2QFY20 as against 28.9% in 1QFY19.
  • Net profit for the quarter declined by 19.4% QoQ, while net profit margins declined from 15.3% in 1QFY19 to 14.2% in 2QFY20.

To see how D. B. CORP has performed over the last eight quarters,please visit here.

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D. B. CORP Share Price Performance

Over the last one year,D. B. CORP share price has moved down from Rs 188.2 to Rs 157.0, registering a Loss of Rs 31.2 or around 16.6%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,507.7 (down 0.4%). Over the last one year it has moved up from 7,278.2 to 7,507.7, a gain of 229 points (up 3.2%).

Overall, the S&P BSE SENSEX is up 10.0% over the year.

Current Valuations

At the current price of Rs 157.0, the price to earnings (P/E) ratio of D. B. CORP stands at 9.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.5 times.

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