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

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

GMDC Announces Quarterly Results (3QFY20); Net Profit Down 43.8%
Wed, 19 Feb

GMDC has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

GMDC Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m4,3862,6443,39728.5%-22.6%
Other incomeRs m72400394-1.4%449.2%
TurnoverRs m4,4573,0443,79024.5%-15.0%
ExpensesRs m3,4932,3773,26637.4%-6.5%
Gross profitRs m892267131-51.0%-85.3%
DepreciationRs m2312212241.3%-3.1%
InterestRs m444-2.1%-5.0%
Profit before taxRs m729441297-32.7%-59.3%
TaxRs m2255914-76.6%-93.9%
Profit after taxRs m504382283-26.0%-43.8%
Gross profit margin%20.310.13.9
Effective tax rate%30.913.34.6
Net profit margin%11.312.67.5
* 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 22.6% on a year-on-year (YoY) basis. The expenses were down by 6.5% YoY during the same period.
  • The company's operating profit declined by 85.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.9% in 3QFY20 as against 20.3% in 3QFY19.
  • Depreciation charges declined by 3.1% and finance costs declined by 5.0% YoY, respectively.
  • Other income increased by 449.2% YoY during the quarter.
  • Net profit for the quarter declined by 43.8% YoY. Net profit margins during the quarter declined from 11.3% in 3QFY19 to 7.5% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 28.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 37.4% QoQ during the same period.
  • The company's operating profit declined by 51.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.9% in 3QFY20 as against 10.1% in 2QFY19.
  • Net profit for the quarter declined by 26.0% QoQ, while net profit margins declined from 12.5% in 2QFY19 to 7.5% in 3QFY20.

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

Expires Tomorrow: Full Replay of Our Urgent Broadcast on India's Revival

GMDC Share Price Performance

Over the last one year,GMDC share price has moved down from Rs 74.8 to Rs 58.0, registering a Loss of Rs 16.8 or around 22.4%.

Overall, the S&P BSE SENSEX is up 16.1% over the year.

Current Valuations

At the current price of Rs 58.0, the price to earnings (P/E) ratio of GMDC stands at 6.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.4 times.

Equitymaster requests your view! Post a comment on "GMDC Announces Quarterly Results (3QFY20); Net Profit Down 43.8%". Click here!

  

Related Views on News

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

Aug 28, 2020 | Updated on Aug 28, 2020

For the quarter ended June 2020, GMDC has posted a net profit of Rs 1 bn (up 42.6% YoY). Sales on the other hand came in at Rs 2 bn (down 55.3% 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.

More Views on News

Most Popular

Hotel Stocks Will Reward Investors(Fast Profits Daily)

Jun 8, 2021

This is why I'm bullish on the hotel and hospitality sector.

Don't Break These 5 Intraday Trading Rules(Fast Profits Daily)

Jun 1, 2021

To become a better intraday trader, follow these rules religiously.

Is the RBI's 'Bubble Talk' Signalling a Market Crash?(Profit Hunter)

May 31, 2021

Is the Indian central bank correct in warning you about a market crash?

Rs 2 Trillion Stimulus Coming to a Stock Market Near You(Profit Hunter)

Jun 2, 2021

Get ready to profit from a massive stimulus that you've never seen before.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

GMDC SHARE PRICE


Jun 11, 2021 (Close)

TRACK GMDC

COMPARE GMDC WITH

MARKET STATS