EIH Announces Quarterly Results (3QFY20); Net Profit Up 17.4%

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EIH Announces Quarterly Results (3QFY20); Net Profit Up 17.4%
Mon, 27 Jan

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

EIH Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m4,4392,8774,22046.7%-4.9%
Other incomeRs m1312712710.1%107.5%
TurnoverRs m4,5703,1474,49142.7%-1.7%
ExpensesRs m3,1152,7133,03011.7%-2.7%
Gross profitRs m1,3241641,191627.2%-10.1%
DepreciationRs m3113413410.0%9.6%
InterestRs m1291291322.3%2.0%
Profit before taxRs m1,015-35989-2.5%
TaxRs m376-445239-36.4%
Profit after taxRs m63941075082.9%17.4%
Gross profit margin%29.85.728.2
Effective tax rate%37.01,268.124.2
Net profit margin%14.013.016.7
* 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 4.9% on a year-on-year (YoY) basis. The expenses were down by 2.7% YoY during the same period.
  • The company's operating profit declined by 10.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 28.2% in 3QFY20 as against 29.8% in 3QFY19.
  • Depreciation charges increased by 9.6% and finance costs increased by 2.0% YoY, respectively.
  • Other income increased by 107.5% YoY during the quarter.
  • Net profit for the quarter increased by 17.4% YoY. Net profit margins during the quarter increased from 14.0% in 3QFY19 to 16.7% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 46.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 11.7% QoQ during the same period.
  • The company's operating profit increased by 627.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 28.2% in 3QFY20 as against 5.7% in 2QFY19.
  • Net profit for the quarter increased by 82.9% QoQ, while net profit margins increased from 13.0% in 2QFY19 to 16.7% in 3QFY20.

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

REVEALED: How to Potentially Increase Your Monthly Income Without Working 24x7

EIH Share Price Performance

Over the last one year,EIH share price has moved down from Rs 180.4 to Rs 149.8, registering a Loss of Rs 30.6 or around 17.0%.

Overall, the S&P BSE SENSEX is up 14.3% over the year.

Current Valuations

At the current price of Rs 149.8, the price to earnings (P/E) ratio of EIH stands at 70.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.9 times.

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