GHCL LTD. Announces Quarterly Results (3QFY19); Net Profit Up 44.0%

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Markets will remain closed on 21st October 2019, due to Assembly Elections in Maharashtra.

GHCL LTD. Announces Quarterly Results (3QFY19); Net Profit Up 44.0%
Tue, 22 Jan

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

GHCL LTD. Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m7,1798,3548,6994.1%21.2%
Other incomeRs m203354632.3%-77.2%
TurnoverRs m7,3818,3898,7464.3%18.5%
ExpensesRs m5,7976,6026,6430.6%14.6%
Gross profitRs m1,3821,7522,05617.3%48.8%
DepreciationRs m2542892890.0%13.9%
InterestRs m281344272-21.0%-3.4%
Profit before taxRs m1,0501,1551,54233.6%46.9%
TaxRs m33837151739.6%53.1%
Profit after taxRs m7127841,02530.7%44.0%
Gross profit margin%19.221.023.6
Effective tax rate%32.232.133.5
Net profit margin%9.69.311.7
* 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 21.2% on a year-on-year (YoY) basis. The expenses were up by 14.6% YoY during the same period.
  • The company's operating profit increased by 48.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 23.6% in 3QFY19 as against 19.2% in 3QFY18.
  • Depreciation charges increased by 13.9% and finance costs declined by 3.4% YoY, respectively.
  • Other income declined by 77.2% YoY during the quarter.
  • Net profit for the quarter increased by 44.0% YoY. Net profit margins during the quarter increased from 9.6% in 3QFY18 to 11.7% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.6% QoQ during the same period.
  • The company's operating profit increased by 17.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 23.6% in 3QFY19 as against 21.0% in 2QFY18.
  • Net profit for the quarter increased by 30.7% QoQ, while net profit margins increased from 9.3% in 2QFY18 to 11.7% in 3QFY19.

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 325.9 to Rs 257.5, registering a Loss of Rs 68.4 or around 21.0%.

Overall, the S&P BSE SENSEX is up 1.8% over the year.

Current Valuations

At the current price of Rs 257.5, the price to earnings (P/E) ratio of GHCL LTD. stands at 7.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.6 times.

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