EIH Announces Quarterly Results (1QFY20); Net Profit Down 169.7%

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EIH Announces Quarterly Results (1QFY20); Net Profit Down 169.7%
Wed, 28 Aug

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

EIH Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m3,3504,3092,896-32.8%-13.5%
Other incomeRs m85392134-65.9%57.2%
TurnoverRs m3,4354,7003,030-35.5%-11.8%
ExpensesRs m2,8673,2612,681-17.8%-6.5%
Gross profitRs m4832012115.1%-56.4%
DepreciationRs m30630333610.8%9.6%
InterestRs m1011141216.7%19.5%
Profit before taxRs m160175-113-164.2%-170.2%
TaxRs m5848-42-187.2%-171.1%
Profit after taxRs m102128-71-155.6%-169.7%
Gross profit margin%14.44.77.3
Effective tax rate%36.427.236.9
Net profit margin%3.02.7-2.3
* 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 13.5% on a year-on-year (YoY) basis. The expenses were down by 6.5% YoY during the same period.
  • The company's operating profit declined by 56.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.3% in 1QFY20 as against 14.4% in 1QFY19.
  • Depreciation charges increased by 9.6% and finance costs increased by 19.5% YoY, respectively.
  • Other income increased by 57.2% YoY during the quarter.
  • Net profit for the quarter declined by 169.7% YoY. Net profit margins during the quarter declined from 3.0% in 1QFY19 to -2.3% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 32.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 17.8% QoQ during the same period.
  • The company's operating profit increased by 5.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 7.3% in 1QFY20 as against 4.7% in 4QFY19.
  • Net profit for the quarter declined by 155.6% QoQ, while net profit margins declined from 2.7% in 4QFY19 to -2.3% in 1QFY20.

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

EIH Share Price Performance

Over the last one year,EIH share price has moved down from Rs 174.9 to Rs 162.9, registering a Loss of Rs 12.0 or around 6.8%.

Overall, the S&P BSE SENSEX is down 2.8% over the year.

Current Valuations

At the current price of Rs 162.9, the price to earnings (P/E) ratio of EIH stands at 96.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.1 times.

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