EIH Announces Quarterly Results (2QFY20); Net Profit Up 54.8%

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EIH Announces Quarterly Results (2QFY20); Net Profit Up 54.8%
Fri, 8 Nov

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

EIH Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m3,3352,8962,877-0.7%-13.7%
Other incomeRs m233134271102.6%16.1%
TurnoverRs m3,5683,0303,1473.9%-11.8%
ExpensesRs m2,9692,6812,7131.2%-8.6%
Gross profitRs m483211164-22.3%-66.1%
DepreciationRs m3103363411.4%9.9%
InterestRs m1191211296.4%8.2%
Profit before taxRs m287-113-35-112.2%
TaxRs m22-42-445-2132.4%
Profit after taxRs m265-7141054.8%
Gross profit margin%14.57.35.7
Effective tax rate%7.636.91,268.1
Net profit margin%7.4-2.313.0
* 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 13.7% on a year-on-year (YoY) basis. The expenses were down by 8.6% YoY during the same period.
  • The company's operating profit declined by 66.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.7% in 2QFY20 as against 14.5% in 2QFY19.
  • Depreciation charges increased by 9.9% and finance costs increased by 8.2% YoY, respectively.
  • Other income increased by 16.1% YoY during the quarter.
  • Net profit for the quarter increased by 54.8% YoY. Net profit margins during the quarter increased from 7.4% in 2QFY19 to 13.0% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.2% QoQ during the same period.
  • The company's operating profit declined by 22.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.7% in 2QFY20 as against 7.3% in 1QFY19.
  • Net profit for the quarter increased by 677.5% QoQ, while net profit margins increased from -2.3% in 1QFY19 to 13.0% in 2QFY20.

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

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EIH Share Price Performance

Over the last one year,EIH share price has moved down from Rs 172.0 to Rs 157.9, registering a Loss of Rs 14.1 or around 8.2%.

Overall, the S&P BSE SENSEX is up 15.1% over the year.

Current Valuations

At the current price of Rs 157.9, the price to earnings (P/E) ratio of EIH stands at 81.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.0 times.

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