GHCL Announces Quarterly Results (2QFY20); Net Profit Up 55.7%

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GHCL Announces Quarterly Results (2QFY20); Net Profit Up 55.7%
Fri, 1 Nov

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

GHCL Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m8,3548,7598,219-6.2%-1.6%
Other incomeRs m3536386.8%8.3%
TurnoverRs m8,3898,7948,257-6.1%-1.6%
ExpensesRs m6,6026,5746,227-5.3%-5.7%
Gross profitRs m1,7522,1851,992-8.8%13.7%
DepreciationRs m2893143212.4%11.1%
InterestRs m344300291-2.9%-15.3%
Profit before taxRs m1,1551,6071,418-11.8%22.8%
TaxRs m371572197-65.6%-46.9%
Profit after taxRs m7841,0351,22118.0%55.7%
Gross profit margin%21.024.924.2
Effective tax rate%32.135.613.9
Net profit margin%9.311.814.8
* 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 fell 1.6% on a year-on-year (YoY) basis. The expenses were down by 5.7% YoY during the same period.
  • The company's operating profit increased by 13.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 24.2% in 2QFY20 as against 21.0% in 2QFY19.
  • Depreciation charges increased by 11.1% and finance costs declined by 15.3% YoY, respectively.
  • Other income increased by 8.3% YoY during the quarter.
  • Net profit for the quarter increased by 55.7% YoY. Net profit margins during the quarter increased from 9.3% in 2QFY19 to 14.8% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 6.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 5.3% QoQ during the same period.
  • The company's operating profit declined by 8.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 24.2% in 2QFY20 as against 24.9% in 1QFY19.
  • Net profit for the quarter increased by 18.0% QoQ, while net profit margins increased from 11.8% in 1QFY19 to 14.8% in 2QFY20.

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

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GHCL Share Price Performance

Over the last one year,GHCL share price has moved down from Rs 222.0 to Rs 218.2, registering a Loss of Rs 3.8 or around 1.7%.

Overall, the S&P BSE SENSEX is up 16.5% over the year.

Current Valuations

At the current price of Rs 218.2, the price to earnings (P/E) ratio of GHCL stands at 4.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.1 times.

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