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GATI LTD Announces Quarterly Results (3QFY19); Net Profit Down 12.3%

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GATI LTD Announces Quarterly Results (3QFY19); Net Profit Down 12.3%
Mon, 28 Jan

GATI LTD has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

GATI LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m4,4854,6754,8062.8%7.1%
Other incomeRs m201225112.8%27.7%
TurnoverRs m4,5054,6874,8313.1%7.2%
ExpensesRs m4,2444,4514,5672.6%7.6%
Gross profitRs m2412242396.8%-0.7%
DepreciationRs m737674-2.6%0.5%
InterestRs m1181111174.9%-1.4%
Profit before taxRs m69497451.8%7.1%
TaxRs m21223240.6%52.2%
Profit after taxRs m48264261.3%-12.3%
Gross profit margin%5.44.85.0
Effective tax rate%30.146.242.8
Net profit margin%1.10.60.9
* 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 grew 7.1% on a year-on-year (YoY) basis. The expenses were up by 7.6% YoY during the same period.
  • The company's operating profit declined by 0.7% YoY during the quarter. Consequently, operating profit margins remained same and stood at 5.0% in 3QFY19.
  • Depreciation charges increased by 0.5% and finance costs declined by 1.4% YoY, respectively.
  • Other income increased by 27.7% YoY during the quarter.
  • Net profit for the quarter declined by 12.3% YoY. Net profit margins during the quarter declined from 1.1% in 3QFY18 to 0.9% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.6% QoQ during the same period.
  • The company's operating profit increased by 6.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 5.0% in 3QFY19 as against 4.8% in 2QFY18.
  • Net profit for the quarter increased by 61.3% QoQ, while net profit margins increased from 0.6% in 2QFY18 to 0.9% in 3QFY19.

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 up from Rs 134.5 to Rs 71.1, registering a Loss of Rs 63.4 or around 47.1%.

Overall, the S&P BSE SENSEX is down 0.6% over the year.

Current Valuations

At the current price of Rs 71.1, the price to earnings (P/E) ratio of GATI LTD stands at 81.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.

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