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GHCL LTD. Announces Quarterly Results (2QFY19); Net Profit Up 47.1%

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GHCL LTD. Announces Quarterly Results (2QFY19); Net Profit Up 47.1%
Tue, 6 Nov

GHCL LTD. has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

GHCL LTD. Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m7,1437,5468,35410.7%17.0%
Other incomeRs m31213566.7%13.6%
TurnoverRs m7,1747,5678,38910.9%16.9%
ExpensesRs m5,7856,0446,6029.2%14.1%
Gross profitRs m1,3581,5021,75216.7%29.0%
DepreciationRs m2502742895.5%15.4%
InterestRs m3473433440.3%-1.0%
Profit before taxRs m7919061,15527.4%45.9%
TaxRs m25829037127.6%43.5%
Profit after taxRs m53361678427.3%47.1%
Gross profit margin%19.019.921.0
Effective tax rate%32.632.032.1
Net profit margin%7.48.19.3
* 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 17.0% on a year-on-year (YoY) basis. The expenses were up by 14.1% YoY during the same period.
  • The company's operating profit increased by 29.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.0% in 2QFY19 as against 19.0% in 2QFY18.
  • Depreciation charges increased by 15.4% and finance costs declined by 1.0% YoY, respectively.
  • Other income increased by 13.6% YoY during the quarter.
  • Net profit for the quarter increased by 47.1% YoY. Net profit margins during the quarter increased from 7.4% in 2QFY18 to 9.3% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 10.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 9.2% QoQ during the same period.
  • The company's operating profit increased by 16.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.0% in 2QFY19 as against 19.9% in 1QFY18.
  • Net profit for the quarter increased by 27.3% QoQ, while net profit margins increased from 8.1% in 1QFY18 to 9.3% in 2QFY19.

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

GHCL LTD. Share Price Performance

Over the last one year, GHCL LTD. share price has moved up from Rs 252.3 to Rs 219.7, registering a Loss of Rs 32.6 or around 12.9%.

Overall, the S&P BSE SENSEX is up 4.1% over the year.

Current Valuations

At the current price of Rs 219.7, the price to earnings (P/E) ratio of GHCL LTD. stands at 7.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.4 times.

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For the quarter ended December 2018, GHCL LTD. has posted a net profit of Rs 1 bn (up 44.0% YoY). Sales on the other hand came in at Rs 9 bn (up 21.2% YoY). Read on for a complete analysis of GHCL LTD.'s quarterly results.

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For the quarter ended June 2018, GHCL LTD. has posted a net profit of Rs 616 m (down 4.4% YoY). Sales on the other hand came in at Rs 8 bn (down 5.8% YoY). Read on for a complete analysis of GHCL LTD.'s quarterly results.

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