GEOJIT FINANCIAL SERVICES Announces Quarterly Results (4QFY19); Net Profit Down 61.6%

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GEOJIT FINANCIAL SERVICES Announces Quarterly Results (4QFY19); Net Profit Down 61.6%
Wed, 12 Jun

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

GEOJIT FINANCIAL SERVICES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m8716837124.2%-18.3%
Other incomeRs m868267-17.7%-21.7%
TurnoverRs m9577647791.9%-18.6%
ExpensesRs m6215666026.4%-3.0%
Gross profitRs m23711795-18.6%-59.9%
DepreciationRs m3438406.1%19.6%
InterestRs m122-11.1%14.3%
Profit before taxRs m288159120-24.1%-58.2%
TaxRs m9544465.2%-51.3%
Profit after taxRs m19311574-35.3%-61.6%
Gross profit margin%27.217.113.4
Effective tax rate%33.027.738.4
Net profit margin%20.215.09.5
* 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 18.3% on a year-on-year (YoY) basis. The expenses were down by 3.0% YoY during the same period.
  • The company's operating profit declined by 59.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.4% in 4QFY19 as against 27.2% in 4QFY18.
  • Depreciation charges increased by 19.6% and finance costs increased by 14.3% YoY, respectively.
  • Other income declined by 21.7% YoY during the quarter.
  • Net profit for the quarter declined by 61.6% YoY. Net profit margins during the quarter declined from 20.2% in 4QFY18 to 9.5% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.4% QoQ during the same period.
  • The company's operating profit declined by 18.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.4% in 4QFY19 as against 17.1% in 3QFY18.
  • Net profit for the quarter declined by 35.3% QoQ, while net profit margins declined from 15.1% in 3QFY18 to 9.5% in 4QFY19.

To see how GEOJIT FINANCIAL SERVICES has performed over the last eight quarters, please visit here.

GEOJIT FINANCIAL SERVICES Share Price Performance

Over the last one year, GEOJIT FINANCIAL SERVICES share price has moved up from Rs 90.2 to Rs 34.4, registering a Loss of Rs 55.9 or around 61.9%.

Overall, the S&P BSE SENSEX is up 12.1% over the year.

Current Valuations

At the current price of Rs 34.4, the price to earnings (P/E) ratio of GEOJIT FINANCIAL SERVICES stands at 21.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.4 times.

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