GABRIEL INDIA Announces Quarterly Results (2QFY20); Net Profit Down 36.1%

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GABRIEL INDIA Announces Quarterly Results (2QFY20); Net Profit Down 36.1%
Tue, 12 Nov

GABRIEL INDIA has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

GABRIEL INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m5,4155,1724,727-8.6%-12.7%
Other incomeRs m21172227.9%6.2%
TurnoverRs m5,4365,1894,749-8.5%-12.6%
ExpensesRs m4,9004,7594,414-7.3%-9.9%
Gross profitRs m515412313-24.2%-39.3%
DepreciationRs m100105103-1.4%3.1%
InterestRs m88921.7%14.3%
Profit before taxRs m428318223-29.9%-47.9%
TaxRs m1389738-61.0%-72.7%
Profit after taxRs m289221185-16.2%-36.1%
Gross profit margin%9.58.06.6
Effective tax rate%32.330.517.0
Net profit margin%5.34.33.9
* 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 12.7% on a year-on-year (YoY) basis. The expenses were down by 9.9% YoY during the same period.
  • The company's operating profit declined by 39.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.6% in 2QFY20 as against 9.5% in 2QFY19.
  • Depreciation charges increased by 3.1% and finance costs increased by 14.3% YoY, respectively.
  • Other income increased by 6.2% YoY during the quarter.
  • Net profit for the quarter declined by 36.1% YoY. Net profit margins during the quarter declined from 5.3% in 2QFY19 to 3.9% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 8.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.3% QoQ during the same period.
  • The company's operating profit declined by 24.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.6% in 2QFY20 as against 8.0% in 1QFY19.
  • Net profit for the quarter declined by 16.2% QoQ, while net profit margins declined from 4.3% in 1QFY19 to 3.9% in 2QFY20.

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

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GABRIEL INDIA Share Price Performance

Over the last one year,GABRIEL INDIA share price has moved down from Rs 133.7 to Rs 119.0, registering a Loss of Rs 14.7 or around 11.0%.

Overall, the S&P BSE SENSEX is up 15.9% over the year.

Current Valuations

At the current price of Rs 119.0, the price to earnings (P/E) ratio of GABRIEL INDIA stands at 21.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.9 times.

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