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.

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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