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GTL LTD Announces Quarterly Results (1QFY19); Net Profit Down 562.8%

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GTL LTD Announces Quarterly Results (1QFY19); Net Profit Down 562.8%
Mon, 13 Aug

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

GTL LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m3,650821738-10.1%-79.8%
Other incomeRs m34189-46.5%-72.5%
TurnoverRs m3,684839748-10.9%-79.7%
ExpensesRs m3,4381,6681,287-22.9%-62.6%
Gross profitRs m211-21,470-548-359.4%
DepreciationRs m553212-61.6%-77.8%
InterestRs m6640412.0%-38.3%
Profit before taxRs m124-21,524-592-576.0%
TaxRs m-4000.0%
Profit after taxRs m128-21,524-592-562.8%
Gross profit margin%5.8-2,614.6-74.3
Effective tax rate%-2.90.0-0.1
Net profit margin%3.5-2,566.1-79.2
* 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 79.8% on a year-on-year (YoY) basis. The expenses were down by 62.6% YoY during the same period.
  • The company's operating profit declined by 359.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 74.3% in 1QFY19 as against 5.8% in 1QFY18.
  • Depreciation charges and finance costs declined by 77.8% YoY and 38.3% YoY, respectively.
  • Other income declined by 72.5% YoY during the quarter.
  • Net profit for the quarter declined by 562.8% YoY. Net profit margins during the quarter declined from 3.5% in 1QFY18 to -79.2% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 10.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 22.9% QoQ during the same period.
  • The company's operating profit increased by 97.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 74.3% in 1QFY19 as against 2614.6% in 4QFY18.
  • Net profit for the quarter declined by 97.2% QoQ, while net profit margins increased from -2565.4% in 4QFY18 to -79.2% in 1QFY19.

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

GTL LTD Share Price Performance

Over the last one year, GTL LTD share price has moved up from Rs 14.5 to Rs 7.0, registering a Loss of Rs 7.5 or around 51.7%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,511.9 (up 0.7%). Over the last one year it has moved up from 5,773.0 to 7,511.9, a gain of 1,739 points (up 30.1%).

Overall, the S&P BSE SENSEX is up 19.4% over the year.

Current Valuations

At the current price of Rs 7.0, the price to book value (P/BV) ratio of GTL LTD stands at 0.0 times.

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