DEEP INDUSTRIES Announces Quarterly Results (1QFY20); Net Profit Down 8.5%

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DEEP INDUSTRIES Announces Quarterly Results (1QFY20); Net Profit Down 8.5%
Fri, 16 Aug

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

DEEP INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m7387017131.7%-3.4%
Other incomeRs m104659.8%-40.6%
TurnoverRs m7487057192.0%-3.9%
ExpensesRs m3423953980.8%16.5%
Gross profitRs m3973063152.8%-20.5%
DepreciationRs m897566-11.8%-25.8%
InterestRs m392623-12.5%-42.1%
Profit before taxRs m27820923210.9%-16.5%
TaxRs m977467-10.1%-31.4%
Profit after taxRs m18113516522.5%-8.5%
Gross profit margin%53.743.744.2
Effective tax rate%35.035.528.8
Net profit margin%24.219.223.0
* 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 3.4% on a year-on-year (YoY) basis. The expenses were up by 16.5% YoY during the same period.
  • The company's operating profit declined by 20.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 44.2% in 1QFY20 as against 53.7% in 1QFY19.
  • Depreciation charges declined by 25.8% and finance costs declined by 42.1% YoY, respectively.
  • Other income declined by 40.6% YoY during the quarter.
  • Net profit for the quarter declined by 8.5% YoY. Net profit margins during the quarter declined from 24.2% in 1QFY19 to 23.0% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.8% QoQ during the same period.
  • The company's operating profit increased by 2.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 44.2% in 1QFY20 as against 43.7% in 4QFY19.
  • Net profit for the quarter increased by 22.5% QoQ, while net profit margins increased from 19.1% in 4QFY19 to 23.0% in 1QFY20.

To see how DEEP INDUSTRIES has performed over the last eight quarters,please visit here.

DEEP INDUSTRIES Share Price Performance

Over the last one year,DEEP INDUSTRIES share price has moved down from Rs 110.0 to Rs 107.0, registering a Loss of Rs 3.0 or around 2.7%.

Overall, the S&P BSE SENSEX is down 1.9% over the year.

Current Valuations

At the current price of Rs 107.0, the price to earnings (P/E) ratio of DEEP INDUSTRIES stands at 5.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.7 times.

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