GHCL Announces Quarterly Results (1QFY20); Net Profit Up 68.0%

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GHCL Announces Quarterly Results (1QFY20); Net Profit Up 68.0%
Tue, 30 Jul

GHCL has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

GHCL Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m7,5469,1138,759-3.9%16.1%
Other incomeRs m2133367.3%69.0%
TurnoverRs m7,5679,1468,794-3.8%16.2%
ExpensesRs m6,0446,7316,574-2.3%8.8%
Gross profitRs m1,5022,3812,185-8.3%45.5%
DepreciationRs m2743013144.3%14.5%
InterestRs m343305300-1.8%-12.5%
Profit before taxRs m9061,8081,607-11.1%77.3%
TaxRs m290623572-8.1%97.1%
Profit after taxRs m6161,1861,035-12.7%68.0%
Gross profit margin%19.926.124.9
Effective tax rate%32.034.435.6
Net profit margin%8.113.011.8
* 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 grew 16.1% on a year-on-year (YoY) basis. The expenses were up by 8.8% YoY during the same period.
  • The company's operating profit increased by 45.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 24.9% in 1QFY20 as against 19.9% in 1QFY19.
  • Depreciation charges increased by 14.5% and finance costs declined by 12.5% YoY, respectively.
  • Other income increased by 69.0% YoY during the quarter.
  • Net profit for the quarter increased by 68.0% YoY. Net profit margins during the quarter increased from 8.1% in 1QFY19 to 11.8% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 3.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.3% QoQ during the same period.
  • The company's operating profit declined by 8.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 24.9% in 1QFY20 as against 26.1% in 4QFY19.
  • Net profit for the quarter declined by 12.7% QoQ, while net profit margins declined from 13.0% in 4QFY19 to 11.8% in 1QFY20.

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

GHCL Share Price Performance

Over the last one year,GHCL share price has moved down from Rs 254.5 to Rs 220.0, registering a Loss of Rs 34.5 or around 13.6%.

Overall, the S&P BSE SENSEX is up 1.1% over the year.

Current Valuations

At the current price of Rs 220.0, the price to earnings (P/E) ratio of GHCL stands at 5.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.1 times.

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