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GTL LTD Announces Quarterly Results (2QFY19); Net Profit Up 88.3%

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GTL LTD Announces Quarterly Results (2QFY19); Net Profit Up 88.3%
Mon, 5 Nov

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

GTL LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m3,092738543-26.5%-82.4%
Other incomeRs m23920111.5%-11.6%
TurnoverRs m3,114748563-24.8%-81.9%
ExpensesRs m3,4991,2871,092-15.1%-68.8%
Gross profitRs m-4,907-548-549
DepreciationRs m531212-0.6%-76.9%
InterestRs m3941410.5%4.9%
Profit before taxRs m-4,977-592-582
TaxRs m000-100.0%0.0%
Profit after taxRs m-4,977-592-582
Gross profit margin%-158.7-74.3-101.2
Effective tax rate%0.0-0.10.0
Net profit margin%-159.8-79.2-103.5
* 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 82.4% on a year-on-year (YoY) basis. The expenses were down by 68.8% YoY during the same period.
  • The company's operating profit declined by 88.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 101.2% in 2QFY19 as against 158.7% in 2QFY18.
  • Depreciation charges declined by 76.9% and finance costs increased by 4.9% YoY, respectively.
  • Other income declined by 11.6% YoY during the quarter.
  • Net profit for the quarter increased by 88.3% YoY. Net profit margins during the quarter increased from -159.8% in 2QFY18 to -103.5% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 26.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 15.1% QoQ during the same period.
  • The company's operating profit declined by 0.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 101.2% in 2QFY19 as against 74.3% in 1QFY18.
  • Net profit for the quarter increased by 1.7% QoQ, while net profit margins declined from -79.1% in 1QFY18 to -103.5% in 2QFY19.

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 16.1 to Rs 6.3, registering a Loss of Rs 9.8 or around 60.7%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,051.2 (up 0.0%). Over the last one year it has moved up from 6,018.1 to 7,051.2, a gain of 1,033 points (up 17.2%).

Overall, the S&P BSE SENSEX is up 3.9% over the year.

Current Valuations

At the current price of Rs 6.3, the price to book value (P/BV) ratio of GTL LTD stands at 0.0 times.

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For the quarter ended December 2018, GTL LTD has posted a net profit of Rs 308 m (down 419.1% YoY). Sales on the other hand came in at Rs 561 m (down 76.5% YoY). Read on for a complete analysis of GTL LTD's quarterly results.

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