GMDC Announces Quarterly Results (1QFY21); Net Profit Up 42.6%

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GMDC Announces Quarterly Results (1QFY21); Net Profit Up 42.6%
Fri, 28 Aug

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

GMDC Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m5,3734,1202,401-41.7%-55.3%
Other incomeRs m22554356-35.8%1546.4%
TurnoverRs m5,3944,6742,757-41.0%-48.9%
ExpensesRs m3,9113,8082,405-36.8%-38.5%
Gross profitRs m1,461313-4-101.4%-100.3%
DepreciationRs m235235220-6.6%-6.4%
InterestRs m475-36.8%18.5%
Profit before taxRs m1,244624127-79.6%-89.8%
TaxRs m286225-1,239-650.8%-533.7%
Profit after taxRs m9593991,367242.5%42.6%
Gross profit margin%27.27.6-0.2
Effective tax rate%23.036.1-973.9
Net profit margin%17.88.549.6
* 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 55.3% on a year-on-year (YoY) basis. The expenses were down by 38.5% YoY during the same period.
  • The company's operating profit declined by 100.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 0.2% in 1QFY21 as against 27.2% in 1QFY20.
  • Depreciation charges declined by 6.4% and finance costs increased by 18.5% YoY, respectively.
  • Other income increased by 1546.4% YoY during the quarter.
  • Net profit for the quarter increased by 42.6% YoY. Net profit margins during the quarter increased from 17.8% in 1QFY20 to 49.6% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 41.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 36.8% QoQ during the same period.
  • The company's operating profit declined by 101.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 0.2% in 1QFY21 as against 7.6% in 4QFY20.
  • Net profit for the quarter increased by 242.5% QoQ, while net profit margins increased from 8.5% in 4QFY20 to 49.6% in 1QFY21.

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

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GMDC Share Price Performance

Over the last one year,GMDC share price has moved down from Rs 64.0 to Rs 50.9, registering a Loss of Rs 13.1 or around 20.5%.

Overall, the S&P BSE SENSEX is up 4.5% over the year.

Current Valuations

At the current price of Rs 50.9, the price to earnings (P/E) ratio of GMDC stands at 6.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.4 times.

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GMDC Announces Quarterly Results (3QFY20); Net Profit Down 43.8% (Quarterly Result Update)

Feb 19, 2020 | Updated on Feb 19, 2020

For the quarter ended December 2019, GMDC has posted a net profit of Rs 283 m (down 43.8% YoY). Sales on the other hand came in at Rs 3 bn (down 22.6% YoY). Read on for a complete analysis of GMDC's quarterly results.

GMDC Announces Quarterly Results (1QFY20); Net Profit Down 48.7% (Quarterly Result Update)

Aug 5, 2019 | Updated on Aug 5, 2019

For the quarter ended June 2019, GMDC has posted a net profit of Rs 959 m (down 48.7% YoY). Sales on the other hand came in at Rs 5 bn (down 20.1% YoY). Read on for a complete analysis of GMDC's quarterly results.

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