GABRIEL INDIA Announces Quarterly Results (1QFY21); Net Profit Down 207.7%

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GABRIEL INDIA Announces Quarterly Results (1QFY21); Net Profit Down 207.7%
Mon, 10 Aug

GABRIEL INDIA has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

GABRIEL INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m5,1724,2461,229-71.1%-76.2%
Other incomeRs m173225-21.1%43.1%
TurnoverRs m5,1894,2781,253-70.7%-75.8%
ExpensesRs m4,7593,9161,399-64.3%-70.6%
Gross profitRs m412331-171-151.7%-141.4%
DepreciationRs m10512889-30.5%-15.3%
InterestRs m8117-38.3%-6.1%
Profit before taxRs m318223-242-208.2%-176.1%
TaxRs m97-43-4-104.1%
Profit after taxRs m221266-238-189.4%-207.7%
Gross profit margin%8.07.8-13.9
Effective tax rate%30.5-19.01.6
Net profit margin%4.36.2-19.0
* 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 76.2% on a year-on-year (YoY) basis. The expenses were down by 70.6% YoY during the same period.
  • The company's operating profit declined by 141.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.9% in 1QFY21 as against 8.0% in 1QFY20.
  • Depreciation charges declined by 15.3% and finance costs declined by 6.1% YoY, respectively.
  • Other income increased by 43.1% YoY during the quarter.
  • Net profit for the quarter declined by 207.7% YoY. Net profit margins during the quarter declined from 4.3% in 1QFY20 to -19.0% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 71.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 64.3% QoQ during the same period.
  • The company's operating profit declined by 151.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.9% in 1QFY21 as against 7.8% in 4QFY20.
  • Net profit for the quarter declined by 189.4% QoQ, while net profit margins declined from 6.2% in 4QFY20 to -19.0% in 1QFY21.

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

Latest: Chinese Aggression on the Border Triggers a Huge Opportunity

GABRIEL INDIA Share Price Performance

Over the last one year,GABRIEL INDIA share price has moved down from Rs 105.6 to Rs 86.8, registering a Loss of Rs 18.8 or around 17.8%.

Overall, the S&P BSE SENSEX is up 4.5% over the year.

Current Valuations

At the current price of Rs 86.8, the price to earnings (P/E) ratio of GABRIEL INDIA stands at 32.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.1 times.

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