GHCL Announces Quarterly Results (3QFY20); Net Profit Down 1.4%

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GHCL Announces Quarterly Results (3QFY20); Net Profit Down 1.4%
Mon, 27 Jan

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

GHCL Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m8,6998,2198,3461.5%-4.1%
Other incomeRs m463885125.3%84.4%
TurnoverRs m8,7468,2578,4322.1%-3.6%
ExpensesRs m6,6436,2276,5675.5%-1.1%
Gross profitRs m2,0561,9921,683-15.5%-18.1%
DepreciationRs m2893213230.7%11.9%
InterestRs m272291256-12.0%-5.6%
Profit before taxRs m1,5421,4181,189-16.1%-22.9%
TaxRs m517197178-9.3%-65.5%
Profit after taxRs m1,0251,2211,011-17.2%-1.4%
Gross profit margin%23.624.220.2
Effective tax rate%33.513.915.0
Net profit margin%11.714.812.0
* 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 4.1% on a year-on-year (YoY) basis. The expenses were down by 1.1% YoY during the same period.
  • The company's operating profit declined by 18.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 20.2% in 3QFY20 as against 23.6% in 3QFY19.
  • Depreciation charges increased by 11.9% and finance costs declined by 5.6% YoY, respectively.
  • Other income increased by 84.4% YoY during the quarter.
  • Net profit for the quarter declined by 1.4% YoY. Net profit margins during the quarter increased from 11.7% in 3QFY19 to 12.0% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.5% QoQ during the same period.
  • The company's operating profit declined by 15.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 20.2% in 3QFY20 as against 24.2% in 2QFY19.
  • Net profit for the quarter declined by 17.2% QoQ, while net profit margins declined from 14.8% in 2QFY19 to 12.0% in 3QFY20.

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 250.8 to Rs 195.1, registering a Loss of Rs 55.7 or around 22.2%.

Overall, the S&P BSE SENSEX is up 14.2% over the year.

Current Valuations

At the current price of Rs 195.1, the price to earnings (P/E) ratio of GHCL stands at 4.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.0 times.

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