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GMDC Announces Quarterly Results (4QFY19); Net Profit Up 23.9%

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GMDC Announces Quarterly Results (4QFY19); Net Profit Up 23.9%
Mon, 13 May

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

GMDC Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m6,6424,3865,30521.0%-20.1%
Other incomeRs m7872397453.1%410.7%
TurnoverRs m6,7204,4575,70227.9%-15.2%
ExpensesRs m4,9763,4933,6143.5%-27.4%
Gross profitRs m1,6668921,69189.5%1.5%
DepreciationRs m1423128121.4%1884.3%
InterestRs m44766.2%74.1%
Profit before taxRs m1,7267291,800147.0%4.3%
TaxRs m725225560148.7%-22.8%
Profit after taxRs m1,0015041,240146.2%23.9%
Gross profit margin%25.120.331.9
Effective tax rate%42.030.931.1
Net profit margin%14.911.321.8
* 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 20.1% on a year-on-year (YoY) basis. The expenses were down by 27.4% YoY during the same period.
  • The company's operating profit increased by 1.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 31.9% in 4QFY19 as against 25.1% in 4QFY18.
  • Depreciation charges increased by 1884.3% and finance costs increased by 74.1% YoY, respectively.
  • Other income increased by 410.7% YoY during the quarter.
  • Net profit for the quarter increased by 23.9% YoY. Net profit margins during the quarter increased from 14.9% in 4QFY18 to 21.8% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 21.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.5% QoQ during the same period.
  • The company's operating profit increased by 89.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 31.9% in 4QFY19 as against 20.3% in 3QFY18.
  • Net profit for the quarter increased by 146.2% QoQ, while net profit margins increased from 11.3% in 3QFY18 to 21.8% in 4QFY19.

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

GMDC Share Price Performance

Over the last one year, GMDC share price has moved up from Rs 130.9 to Rs 73.4, registering a Loss of Rs 57.6 or around 44.0%.

Overall, the S&P BSE SENSEX is up 6.6% over the year.

Current Valuations

At the current price of Rs 73.4, the price to earnings (P/E) ratio of GMDC stands at 16.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.5 times.

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