GATI LTD Announces Quarterly Results (4QFY19); Net Profit Up 322.4%

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GATI LTD Announces Quarterly Results (4QFY19); Net Profit Up 322.4%
Wed, 5 Jun

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

GATI LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m4,5464,8064,594-4.4%1.1%
Other incomeRs m2112575200.0%-64.6%
TurnoverRs m4,7574,8314,669-3.4%-1.9%
ExpensesRs m4,3914,5674,332-5.1%-1.3%
Gross profitRs m-812392629.5%
DepreciationRs m747473-1.1%-1.4%
InterestRs m124117114-2.3%-8.3%
Profit before taxRs m-6974150103.1%
TaxRs m-21324337.8%
Profit after taxRs m-4842106152.0%
Gross profit margin%-1.85.05.7
Effective tax rate%30.542.829.0
Net profit margin%-1.00.92.3
* 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 1.1% on a year-on-year (YoY) basis. The expenses were down by 1.3% YoY during the same period.
  • The company's operating profit declined by 421.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 5.7% in 4QFY19 as against 1.8% in 4QFY18.
  • Depreciation charges declined by 1.4% and finance costs declined by 8.3% YoY, respectively.
  • Other income declined by 64.6% YoY during the quarter.
  • Net profit for the quarter increased by 322.4% YoY. Net profit margins during the quarter increased from -1.0% in 4QFY18 to 2.3% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 4.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 5.1% QoQ during the same period.
  • The company's operating profit increased by 9.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 5.7% in 4QFY19 as against 5.0% in 3QFY18.
  • Net profit for the quarter increased by 152.0% QoQ, while net profit margins increased from 0.9% in 3QFY18 to 2.3% in 4QFY19.

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 87.2 to Rs 75.2, registering a Loss of Rs 12.0 or around 13.7%.

Overall, the S&P BSE SENSEX is up 14.5% over the year.

Current Valuations

At the current price of Rs 75.2, the price to earnings (P/E) ratio of GATI LTD stands at 28.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.

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Related Views on News

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

Aug 5, 2019 | Updated on Aug 5, 2019

For the quarter ended June 2019, GATI LTD has posted a net profit of Rs 20 m (down 63.8% YoY). Sales on the other hand came in at Rs 5 bn (up 0.5% YoY). Read on for a complete analysis of GATI LTD's quarterly results.

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