GHCL Announces Quarterly Results (4QFY20); Net Profit Down 32.6%

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GHCL Announces Quarterly Results (4QFY20); Net Profit Down 32.6%
Thu, 21 May

GHCL has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:

GHCL Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m9,1138,3467,332-12.2%-19.5%
Other incomeRs m33856-93.6%-83.4%
TurnoverRs m9,1468,4327,337-13.0%-19.8%
ExpensesRs m6,7316,5675,724-12.8%-15.0%
Gross profitRs m2,3811,6831,507-10.5%-36.7%
DepreciationRs m3013233477.4%15.4%
InterestRs m30525633530.5%9.5%
Profit before taxRs m1,8081,189831-30.1%-54.0%
TaxRs m62317832-82.0%-94.8%
Profit after taxRs m1,1861,011799-21.0%-32.6%
Gross profit margin%26.120.220.6
Effective tax rate%34.415.03.9
Net profit margin%13.012.010.9
* 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 19.5% on a year-on-year (YoY) basis. The expenses were down by 15.0% YoY during the same period.
  • The company's operating profit declined by 36.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 20.6% in 4QFY20 as against 26.1% in 4QFY19.
  • Depreciation charges increased by 15.4% and finance costs increased by 9.5% YoY, respectively.
  • Other income declined by 83.4% YoY during the quarter.
  • Net profit for the quarter declined by 32.6% YoY. Net profit margins during the quarter declined from 13.0% in 4QFY19 to 10.9% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 12.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 12.8% QoQ during the same period.
  • The company's operating profit declined by 10.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.6% in 4QFY20 as against 20.2% in 3QFY19.
  • Net profit for the quarter declined by 21.0% QoQ, while net profit margins declined from 12.0% in 3QFY19 to 10.9% in 4QFY20.

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 244.7 to Rs 100.0, registering a Loss of Rs 144.7 or around 59.1%.

Overall, the S&P BSE SENSEX is down 21.3% over the year.

Current Valuations

At the current price of Rs 100.0, the price to earnings (P/E) ratio of GHCL stands at 2.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.5 times.

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