ESCORTS LIMITED Announces Quarterly Results (3QFY20); Net Profit Up 9.2%

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ESCORTS LIMITED Announces Quarterly Results (3QFY20); Net Profit Up 9.2%
Thu, 30 Jan

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

ESCORTS LIMITED Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m16,55113,33816,33422.5%-1.3%
Other incomeRs m24421426724.7%9.5%
TurnoverRs m16,79513,55216,60222.5%-1.1%
ExpensesRs m14,54612,08914,21217.6%-2.3%
Gross profitRs m2,1141,1572,12383.5%0.4%
DepreciationRs m215267267-0.3%24.0%
InterestRs m434129-28.1%-32.0%
Profit before taxRs m2,1001,0632,09497.0%-0.3%
TaxRs m699415641281.4%-19.4%
Profit after taxRs m1,4011,0221,53149.7%9.2%
Gross profit margin%12.88.713.0
Effective tax rate%33.33.826.9
Net profit margin%8.37.59.2
* 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 1.3% on a year-on-year (YoY) basis. The expenses were down by 2.3% YoY during the same period.
  • The company's operating profit increased by 0.4% YoY during the quarter. Consequently, operating profit margins remained same and stood at 13.0% in 3QFY20.
  • Depreciation charges increased by 24.0% and finance costs declined by 32.0% YoY, respectively.
  • Other income increased by 9.5% YoY during the quarter.
  • Net profit for the quarter increased by 9.2% YoY. Net profit margins during the quarter increased from 8.3% in 3QFY19 to 9.2% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 22.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 17.6% QoQ during the same period.
  • The company's operating profit increased by 83.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.0% in 3QFY20 as against 8.7% in 2QFY19.
  • Net profit for the quarter increased by 49.7% QoQ, while net profit margins increased from 7.5% in 2QFY19 to 9.2% in 3QFY20.

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

Read Now: When the Dust Settles, This Stock Would Have Potentially Created Millionaires
ESCORTS LIMITED Share Price Performance

Over the last one year,ESCORTS LIMITED share price has moved up from Rs 657.0 to Rs 808.0, registering a Gain of Rs 151.1 or around 23.0%.

Meanwhile, the S&P BSE AUTO Index is trading at Rs 18,417.6 (down 0.2%). Over the last one year it has moved up from 18,278.9 to 18,417.6, a gain of 139 points (up 0.8%).

Overall, the S&P BSE SENSEX is up 14.9% over the year.

Current Valuations

At the current price of Rs 808.0, the price to earnings (P/E) ratio of ESCORTS LIMITED stands at 21.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.7 times.

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