GATI LTD Announces Quarterly Results (1QFY20); Net Profit Down 63.8%

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GATI LTD Announces Quarterly Results (1QFY20); Net Profit Down 63.8%
Mon, 5 Aug

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

GATI LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m4,5574,5944,581-0.3%0.5%
Other incomeRs m487527-63.6%-43.7%
TurnoverRs m4,6064,6694,608-1.3%0.0%
ExpensesRs m4,3394,3324,3690.8%0.7%
Gross profitRs m218262212-19.1%-3.0%
DepreciationRs m7373797.8%8.4%
InterestRs m111114112-1.8%0.8%
Profit before taxRs m8315048-67.6%-41.8%
TaxRs m274328-35.3%4.1%
Profit after taxRs m5610620-80.9%-63.8%
Gross profit margin%4.85.74.6
Effective tax rate%32.529.058.1
Net profit margin%1.22.30.4
* 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 0.5% on a year-on-year (YoY) basis. The expenses were up by 0.7% YoY during the same period.
  • The company's operating profit declined by 3.0% YoY during the quarter. Consequently, operating profit margins remained same and stood at 4.6% in 1QFY20.
  • Depreciation charges increased by 8.4% and finance costs increased by 0.8% YoY, respectively.
  • Other income declined by 43.7% YoY during the quarter.
  • Net profit for the quarter declined by 63.8% YoY. Net profit margins during the quarter declined from 1.2% in 1QFY19 to 0.4% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.8% QoQ during the same period.
  • The company's operating profit declined by 19.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.6% in 1QFY20 as against 5.7% in 4QFY19.
  • Net profit for the quarter declined by 80.9% QoQ, while net profit margins declined from 2.3% in 4QFY19 to 0.4% in 1QFY20.

To see how GATI LTD has performed over the last eight quarters,please visit here.

GATI LTD Share Price Performance

Over the last one year,GATI LTD share price has moved down from Rs 108.5 to Rs 41.6, registering a Loss of Rs 67.0 or around 61.7%.

Overall, the S&P BSE SENSEX is down 1.8% over the year.

Current Valuations

At the current price of Rs 41.6, the price to earnings (P/E) ratio of GATI LTD stands at 18.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.5 times.

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