GTL LTD Announces Quarterly Results (4QFY19); Net Profit Up 95.5%

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GTL LTD Announces Quarterly Results (4QFY19); Net Profit Up 95.5%
Wed, 8 May

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

GTL LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m821561348-37.9%-57.6%
Other incomeRs m18329131-60.3%640.4%
TurnoverRs m839890479-46.2%-42.9%
ExpensesRs m1,6681,1431,39321.8%-16.5%
Gross profitRs m-21,470-582-1,044
DepreciationRs m32129-27.9%-72.7%
InterestRs m4042430.8%7.2%
Profit before taxRs m-21,524-308-965
TaxRs m0000.0%0.0%
Profit after taxRs m-21,524-308-965
Gross profit margin%-2,614.6-103.7-299.6
Effective tax rate%0.00.00.0
Net profit margin%-2,566.1-34.6-201.5
* 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 57.6% on a year-on-year (YoY) basis. The expenses were down by 16.5% YoY during the same period.
  • The company's operating profit declined by 95.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 299.6% in 4QFY19 as against 2614.6% in 4QFY18.
  • Depreciation charges declined by 72.7% and finance costs increased by 7.2% YoY, respectively.
  • Other income increased by 640.4% YoY during the quarter.
  • Net profit for the quarter increased by 95.5% YoY. Net profit margins during the quarter increased from -2566.1% in 4QFY18 to -201.5% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 37.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 21.8% QoQ during the same period.
  • The company's operating profit declined by 79.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 299.6% in 4QFY19 as against 103.7% in 3QFY18.
  • Net profit for the quarter declined by 213.5% QoQ, while net profit margins declined from -34.6% in 3QFY18 to -201.5% in 4QFY19.

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 9.4 to Rs 4.3, registering a Loss of Rs 5.1 or around 54.4%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,649.5 (down 0.7%). Over the last one year it has moved up from 6,871.0 to 7,649.5, a gain of 778 points (up 11.3%).

Overall, the S&P BSE SENSEX is up 8.0% over the year.

Current Valuations

At the current price of Rs 4.3, 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.

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

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