DREDGING CORP Announces Quarterly Results (1QFY20); Net Profit Down 71.2%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

DREDGING CORP Announces Quarterly Results (1QFY20); Net Profit Down 71.2%
Tue, 13 Aug

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

DREDGING CORP Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m1,3992,3851,965-17.6%40.5%
Other incomeRs m15-132112.6%
TurnoverRs m1,4142,3841,997-16.2%41.2%
ExpensesRs m1,0739251,65478.9%54.2%
Gross profitRs m3261,460311-78.7%-4.7%
DepreciationRs m2652872911.4%9.8%
InterestRs m425737-35.0%-12.8%
Profit before taxRs m341,11615-98.7%-56.3%
TaxRs m55737.7%24.2%
Profit after taxRs m291,1118-99.3%-71.2%
Gross profit margin%23.361.215.8
Effective tax rate%15.70.444.5
Net profit margin%2.046.60.4
* 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 40.5% on a year-on-year (YoY) basis. The expenses were up by 54.2% YoY during the same period.
  • The company's operating profit declined by 4.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.8% in 1QFY20 as against 23.3% in 1QFY19.
  • Depreciation charges increased by 9.8% and finance costs declined by 12.8% YoY, respectively.
  • Other income increased by 112.6% YoY during the quarter.
  • Net profit for the quarter declined by 71.2% YoY. Net profit margins during the quarter declined from 2.0% in 1QFY19 to 0.4% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 17.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 78.9% QoQ during the same period.
  • The company's operating profit declined by 78.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.8% in 1QFY20 as against 61.2% in 4QFY19.
  • Net profit for the quarter declined by 99.3% QoQ, while net profit margins declined from 46.6% in 4QFY19 to 0.4% in 1QFY20.

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

DREDGING CORP Share Price Performance

Over the last one year,DREDGING CORP share price has moved down from Rs 471.1 to Rs 327.7, registering a Loss of Rs 143.4 or around 30.4%.

Overall, the S&P BSE SENSEX is down 1.2% over the year.

Current Valuations

At the current price of Rs 327.7, the price to earnings (P/E) ratio of DREDGING CORP stands at 21.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

Equitymaster requests your view! Post a comment on "DREDGING CORP Announces Quarterly Results (1QFY20); Net Profit Down 71.2%". Click here!

  

Related Views on News

DREDGING CORP 2017-18 Annual Report Analysis (Annual Result Update)

Mar 20, 2019 | Updated on Mar 20, 2019

Here's an analysis of the annual report of DREDGING CORP for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of DREDGING CORP. Also includes updates on the valuation of DREDGING CORP.

DREDGING CORP Announces Quarterly Results (3QFY19); Net Profit Up 143.5% (Quarterly Result Update)

Feb 4, 2019 | Updated on Feb 4, 2019

For the quarter ended December 2018, DREDGING CORP has posted a net profit of Rs 98 m (up 143.5% YoY). Sales on the other hand came in at Rs 2 bn (up 37.6% YoY). Read on for a complete analysis of DREDGING CORP's quarterly results.

DREDGING CORP Announces Quarterly Results (2QFY19); Net Profit Down 525.8% (Quarterly Result Update)

Nov 14, 2018 | Updated on Nov 14, 2018

For the quarter ended September 2018, DREDGING CORP has posted a net profit of Rs 792 m (down 525.8% YoY). Sales on the other hand came in at Rs 1 bn (down 8.0% YoY). Read on for a complete analysis of DREDGING CORP's quarterly results.

More Views on News

Most Popular

Buying these Eight Stocks is Like Owning Your Own Business(Profit Hunter)

Sep 5, 2019

Everyone dreams of owning a business. Here is your chance.

7 Stocks to Buy in the Market Today(The 5 Minute Wrapup)

Sep 5, 2019

The stock market had a four-year bull run starting September 2013. Are we seeing a similar pattern now?

Don't Buy Lakshmi Vilas Bank...Buy this Private Sector Bank with 74% Upside(The 5 Minute Wrapup)

Sep 4, 2019

Lakshmi Vilas Bank is in a vicious cycle. The stock is already down 57% in 2019. Despite this, the retail investors increased their holding.

Buy these 7 Stocks if You Believe in India(The 5 Minute Wrapup)

Sep 12, 2019

News headlines predict gloom and doom for India these days. You should ignore them.

A Recession Proof Stock You Can Bet On(Profit Hunter)

Sep 10, 2019

Usually, the typical horizon period for my smallcap recommendations is 3 to 5 years. But if you ask me, this could be one business that you could own and pass on to future generations.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

DREDGING CORP SHARE PRICE


Sep 17, 2019 (Close)

TRACK DREDGING CORP

  • Track your investment in DREDGING CORP with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

DREDGING CORP 5-YR ANALYSIS

COMPARE DREDGING CORP WITH

MARKET STATS