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- GATEWAY DISTRIPARKS Announces Quarterly Results (3QFY21); Net Profit Up 83.8%
GATEWAY DISTRIPARKS Announces Quarterly Results (3QFY21); Net Profit Up 83.8%
Wed, 20 Jan
GATEWAY DISTRIPARKS has announced its results for the quarter ended December 2020. Here is a detailed performance review of the same:
GATEWAY DISTRIPARKS Quarterly Financials
| No. of Mths Qtr. Ending | 3 Dec-19* | 3 Sep-20* | 3 Dec-20* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 2,989 | 2,625 | 3,138 | 19.5% | 5.0% |
| Other income | Rs m | 55 | 44 | 25 | -43.9% | -55.1% |
| Turnover | Rs m | 3,045 | 2,670 | 3,163 | 18.5% | 3.9% |
| Expenses | Rs m | 2,384 | 1,973 | 2,312 | 17.2% | -3.0% |
| Gross profit | Rs m | 686 | 652 | 826 | 26.6% | 20.3% |
| Depreciation | Rs m | 335 | 330 | 328 | -0.8% | -2.3% |
| Interest | Rs m | 263 | 215 | 177 | -17.7% | -32.7% |
| Profit before tax | Rs m | 144 | 152 | 346 | 128.4% | 141.0% |
| Tax | Rs m | -34 | 109 | 20 | -81.7% | |
| Profit after tax | Rs m | 178 | 43 | 326 | 665.1% | 83.8% |
| Gross profit margin | % | 23.0 | 24.9 | 26.3 | ||
| Effective tax rate | % | -23.6 | 71.9 | 5.8 | ||
| Net profit margin | % | 5.8 | 1.6 | 10.3 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter grew 5.0% on a year-on-year (YoY) basis. The expenses were down by 3.0% YoY during the same period.
- The company's operating profit increased by 20.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 26.3% in 3QFY21 as against 23.0% in 3QFY20.
- Depreciation charges declined by 2.3% and finance costs declined by 32.7% YoY, respectively.
- Other income declined by 55.1% YoY during the quarter.
- Net profit for the quarter increased by 83.8% YoY. Net profit margins during the quarter increased from 5.8% in 3QFY20 to 10.3% in 3QFY21.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter grew 19.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 17.2% QoQ during the same period.
- The company's operating profit increased by 26.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 26.3% in 3QFY21 as against 24.9% in 2QFY20.
- Net profit for the quarter increased by 665.1% QoQ, while net profit margins increased from 1.6% in 2QFY20 to 10.3% in 3QFY21.
To see how GATEWAY DISTRIPARKS has performed over the last eight quarters,please visit here.
Get Details: These 3 Stocks are the Dark Horses of the Stock Market
GATEWAY DISTRIPARKS Share Price Performance
Over the last one year, GATEWAY DISTRIPARKS share price has moved up from Rs 133.5 to Rs 137.9, registering a Gain of Rs 4.4 or around 3.3%.
Overall, the S&P BSE SENSEX is up 19.5% over the year.
Current Valuations
At the current price of Rs 137.9, the price to earnings (P/E) ratio of GATEWAY DISTRIPARKS stands at 26.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.2 times.
Related Views on News
GATEWAY DISTRIPARKS Announces Quarterly Results (1QFY20); Net Profit Up 456.2% (Quarterly Result Update)
Aug 21, 2019 | Updated on Aug 21, 2019For the quarter ended June 2019, GATEWAY DISTRIPARKS has posted a net profit of Rs 626 m (up 456.2% YoY). Sales on the other hand came in at Rs 4 bn (up 257.8% YoY). Read on for a complete analysis of GATEWAY DISTRIPARKS's quarterly results.
GATEWAY DISTRIPARKS Announces Quarterly Results (4QFY19); Net Profit Up 3335.6% (Quarterly Result Update)
May 15, 2019 | Updated on May 15, 2019For the quarter ended March 2019, GATEWAY DISTRIPARKS has posted a net profit of Rs 3 bn (up 3335.6% YoY). Sales on the other hand came in at Rs 1 bn (up 38.7% YoY). Read on for a complete analysis of GATEWAY DISTRIPARKS's quarterly results.
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