DEEP INDUSTRIES Announces Quarterly Results (3QFY20); Net Profit Down 19.9%

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DEEP INDUSTRIES Announces Quarterly Results (3QFY20); Net Profit Down 19.9%
Mon, 17 Feb

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

DEEP INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m60450156011.7%-7.2%
Other incomeRs m787-8.5%-3.3%
TurnoverRs m61150956711.4%-7.2%
ExpensesRs m2632993124.4%18.7%
Gross profitRs m34120324822.5%-27.2%
DepreciationRs m886666-0.3%-25.1%
InterestRs m31262913.2%-5.0%
Profit before taxRs m23011916135.0%-30.2%
TaxRs m80-18240-49.6%
Profit after taxRs m150301120-60.0%-19.9%
Gross profit margin%56.540.444.3
Effective tax rate%34.8-153.025.1
Net profit margin%24.659.121.2
* 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 7.2% on a year-on-year (YoY) basis. The expenses were up by 18.7% YoY during the same period.
  • The company's operating profit declined by 27.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 44.3% in 3QFY20 as against 56.5% in 3QFY19.
  • Depreciation charges declined by 25.1% and finance costs declined by 5.0% YoY, respectively.
  • Other income declined by 3.3% YoY during the quarter.
  • Net profit for the quarter declined by 19.9% YoY. Net profit margins during the quarter declined from 24.6% in 3QFY19 to 21.2% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 11.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.4% QoQ during the same period.
  • The company's operating profit increased by 22.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 44.3% in 3QFY20 as against 40.4% in 2QFY19.
  • Net profit for the quarter declined by 60.0% QoQ, while net profit margins declined from 59.1% in 2QFY19 to 21.2% in 3QFY20.

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

Urgent New Alert: About Coming Once-in-a-generation Wealth Shift

DEEP INDUSTRIES Share Price Performance

Over the last one year,DEEP INDUSTRIES share price has moved down from Rs 106.0 to Rs 93.9, registering a Loss of Rs 12.2 or around 11.5%.

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

Current Valuations

At the current price of Rs 93.9, the price to earnings (P/E) ratio of DEEP INDUSTRIES stands at 4.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

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

Aug 16, 2019 | Updated on Aug 16, 2019

For the quarter ended June 2019, DEEP INDUSTRIES has posted a net profit of Rs 165 m (down 8.5% YoY). Sales on the other hand came in at Rs 713 m (down 3.4% YoY). Read on for a complete analysis of DEEP INDUSTRIES's quarterly results.

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For the quarter ended March 2019, DEEP INDUSTRIES has posted a net profit of Rs 135 m (down 27.4% YoY). Sales on the other hand came in at Rs 701 m (down 11.4% YoY). Read on for a complete analysis of DEEP INDUSTRIES's quarterly results.

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