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GTL LTD Announces Quarterly Results (3QFY19); Net Profit Down 419.1%

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GTL LTD Announces Quarterly Results (3QFY19); Net Profit Down 419.1%
Mon, 4 Feb

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

GTL LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m2,3925435613.4%-76.5%
Other incomeRs m200203291546.4%64.7%
TurnoverRs m2,59256389058.2%-65.7%
ExpensesRs m2,4211,0921,1434.7%-52.8%
Gross profitRs m-28-549-582
DepreciationRs m341212-0.7%-64.6%
InterestRs m4141423.7%4.6%
Profit before taxRs m96-582-308-419.1%
TaxRs m0000.0%0.0%
Profit after taxRs m96-582-308-419.1%
Gross profit margin%-1.2-101.2-103.7
Effective tax rate%0.00.00.0
Net profit margin%3.7-103.5-34.6
* 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 76.5% on a year-on-year (YoY) basis. The expenses were down by 52.8% YoY during the same period.
  • The company's operating profit increased by 1950.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 103.7% in 3QFY19 as against 1.2% in 3QFY18.
  • Depreciation charges declined by 64.6% and finance costs increased by 4.6% YoY, respectively.
  • Other income increased by 64.7% YoY during the quarter.
  • Net profit for the quarter declined by 419.1% YoY. Net profit margins during the quarter declined from 3.7% in 3QFY18 to -34.6% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 3.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.7% QoQ during the same period.
  • The company's operating profit declined by 6.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 103.7% in 3QFY19 as against 101.2% in 2QFY18.
  • Net profit for the quarter increased by 47.1% QoQ, while net profit margins increased from -103.4% in 2QFY18 to -34.6% in 3QFY19.

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 13.3 to Rs 5.4, registering a Loss of Rs 7.9 or around 59.6%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,536.3 (down 0.6%). Over the last one year it has moved up from 6,759.9 to 7,536.3, a gain of 776 points (up 11.5%).

Overall, the S&P BSE SENSEX is up 1.2% over the year.

Current Valuations

At the current price of Rs 5.4, the price to book value (P/BV) ratio of GTL LTD stands at 0.0 times.

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