ESCORTS LIMITED Announces Quarterly Results (1QFY20); Net Profit Down 26.8%

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ESCORTS LIMITED Announces Quarterly Results (1QFY20); Net Profit Down 26.8%
Wed, 31 Jul

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

ESCORTS LIMITED Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m15,11316,31714,230-12.8%-5.8%
Other incomeRs m170173167-3.7%-1.6%
TurnoverRs m15,28316,49014,397-12.7%-5.8%
ExpensesRs m13,25714,41912,806-11.2%-3.4%
Gross profitRs m1,8551,8981,424-25.0%-23.2%
DepreciationRs m20621824110.5%17.2%
InterestRs m297559-21.6%104.3%
Profit before taxRs m1,7911,7781,291-27.4%-27.9%
TaxRs m595565417-26.3%-30.0%
Profit after taxRs m1,1961,214875-27.9%-26.8%
Gross profit margin%12.311.610.0
Effective tax rate%33.231.832.3
Net profit margin%7.87.46.1
* 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 5.8% on a year-on-year (YoY) basis. The expenses were down by 3.4% YoY during the same period.
  • The company's operating profit declined by 23.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.0% in 1QFY20 as against 12.3% in 1QFY19.
  • Depreciation charges increased by 17.2% and finance costs increased by 104.3% YoY, respectively.
  • Other income declined by 1.6% YoY during the quarter.
  • Net profit for the quarter declined by 26.8% YoY. Net profit margins during the quarter declined from 7.8% in 1QFY19 to 6.1% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 12.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 11.2% QoQ during the same period.
  • The company's operating profit declined by 25.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.0% in 1QFY20 as against 11.6% in 4QFY19.
  • Net profit for the quarter declined by 27.9% QoQ, while net profit margins declined from 7.4% in 4QFY19 to 6.1% in 1QFY20.

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

ESCORTS LIMITED Share Price Performance

Over the last one year,ESCORTS LIMITED share price has moved down from Rs 927.3 to Rs 461.0, registering a Loss of Rs 466.3 or around 50.3%.

Meanwhile, the S&P BSE AUTO Index is trading at Rs 15,410.5 (up 0.9%). Over the last one year it has moved down from 24,497.0 to 15,410.5, a gain of 9,086 points (down 37.1%).

Overall, the S&P BSE SENSEX is down 0.7% over the year.

Current Valuations

At the current price of Rs 461.0, the price to earnings (P/E) ratio of ESCORTS LIMITED stands at 12.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.6 times.

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