ESCORTS LIMITED Announces Quarterly Results (3QFY21); Net Profit Up 83.4%

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ESCORTS LIMITED Announces Quarterly Results (3QFY21); Net Profit Up 83.4%
Fri, 5 Feb

ESCORTS LIMITED has announced its results for the quarter ended December 2020. Here is a detailed performance review of the same:

ESCORTS LIMITED Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m16,33416,39720,17423.0%23.5%
Other incomeRs m26737647225.7%76.7%
TurnoverRs m16,60216,77320,64723.1%24.4%
ExpensesRs m14,21213,38916,53423.5%16.3%
Gross profitRs m2,1233,0093,64121.0%71.5%
DepreciationRs m26727431515.0%18.0%
InterestRs m2932331.9%12.4%
Profit before taxRs m2,0943,0783,76522.3%79.8%
TaxRs m56477995923.0%70.1%
Profit after taxRs m1,5312,2992,80722.1%83.4%
Gross profit margin%13.018.318.0
Effective tax rate%26.925.325.5
Net profit margin%9.213.713.6
* 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 grew 23.5% on a year-on-year (YoY) basis. The expenses were up by 16.3% YoY during the same period.
  • The company's operating profit increased by 71.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.0% in 3QFY21 as against 13.0% in 3QFY20.
  • Depreciation charges increased by 18.0% and finance costs increased by 12.4% YoY, respectively.
  • Other income increased by 76.7% YoY during the quarter.
  • Net profit for the quarter increased by 83.4% YoY. Net profit margins during the quarter increased from 9.2% in 3QFY20 to 13.6% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 23.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 23.5% QoQ during the same period.
  • The company's operating profit increased by 21.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.0% in 3QFY21 as against 18.3% in 2QFY20.
  • Net profit for the quarter increased by 22.1% QoQ, while net profit margins declined from 13.7% in 2QFY20 to 13.6% in 3QFY21.

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

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ESCORTS LIMITED Share Price Performance

Over the last one year, ESCORTS LIMITED share price has moved up from Rs 855.0 to Rs 1,404.0, registering a Gain of Rs 549.0 or around 64.2%.

Meanwhile, the S&P BSE AUTO Index is trading at Rs 24,293.6 (down 1.0%). Over the last one year it has moved up from 18,249.6 to 24,293.6, a gain of 6,044 points (up 33.1%).

Overall, the S&P BSE SENSEX is up 27.4% over the year.

Current Valuations

At the current price of Rs 1,404.0, the price to earnings (P/E) ratio of ESCORTS LIMITED stands at 23.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.4 times.

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ESCORTS LIMITED Announces Quarterly Results (2QFY21); Net Profit Up 124.9% (Quarterly Result Update)

Nov 6, 2020 | Updated on Nov 6, 2020

For the quarter ended September 2020, ESCORTS LIMITED has posted a net profit of Rs 2 bn (up 124.9% YoY). Sales on the other hand came in at Rs 16 bn (up 22.9% YoY). Read on for a complete analysis of ESCORTS LIMITED's quarterly results.

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