GUJARAT NARMADA Announces Quarterly Results (3QFY20); Net Profit Down 32.5%

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GUJARAT NARMADA Announces Quarterly Results (3QFY20); Net Profit Down 32.5%
Mon, 17 Feb

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

GUJARAT NARMADA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m12,19213,32412,777-4.1%4.8%
Other incomeRs m747394351-10.9%-53.0%
TurnoverRs m12,93913,71813,128-4.3%1.5%
ExpensesRs m11,39212,16511,106-8.7%-2.5%
Gross profitRs m7991,1591,67044.2%109.0%
DepreciationRs m660670669-0.2%1.4%
InterestRs m5613119.7%173.5%
Profit before taxRs m8818761,33952.8%51.9%
TaxRs m-77658221282.4%
Profit after taxRs m1,6578191,11836.6%-32.5%
Gross profit margin%6.68.713.1
Effective tax rate%-88.06.616.5
Net profit margin%12.86.08.5
* 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 grew 4.8% on a year-on-year (YoY) basis. The expenses were down by 2.5% YoY during the same period.
  • The company's operating profit increased by 109.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.1% in 3QFY20 as against 6.6% in 3QFY19.
  • Depreciation charges increased by 1.4% and finance costs increased by 173.5% YoY, respectively.
  • Other income declined by 53.0% YoY during the quarter.
  • Net profit for the quarter declined by 32.5% YoY. Net profit margins during the quarter declined from 12.8% in 3QFY19 to 8.5% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 4.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 8.7% QoQ during the same period.
  • The company's operating profit increased by 44.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.1% in 3QFY20 as against 8.7% in 2QFY19.
  • Net profit for the quarter increased by 36.6% QoQ, while net profit margins increased from 6.0% in 2QFY19 to 8.5% in 3QFY20.

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

Know More: Which way are the markets & the mutual fund industry headed?

GUJARAT NARMADA Share Price Performance

Over the last one year,GUJARAT NARMADA share price has moved down from Rs 250.5 to Rs 176.5, registering a Loss of Rs 74.0 or around 29.5%.

Overall, the S&P BSE SENSEX is up 14.4% over the year.

Current Valuations

At the current price of Rs 176.5, the price to earnings (P/E) ratio of GUJARAT NARMADA stands at 7.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.5 times.

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Related Views on News

GUJARAT NARMADA Announces Quarterly Results (2QFY20); Net Profit Down 72.4% (Quarterly Result Update)

Nov 8, 2019 | Updated on Nov 8, 2019

For the quarter ended September 2019, GUJARAT NARMADA has posted a net profit of Rs 818 m (down 72.4% YoY). Sales on the other hand came in at Rs 13 bn (down 18.8% YoY). Read on for a complete analysis of GUJARAT NARMADA's quarterly results.

GUJARAT NARMADA Announces Quarterly Results (4QFY19); Net Profit Down 71.5% (Quarterly Result Update)

Jun 3, 2019 | Updated on Jun 3, 2019

For the quarter ended March 2019, GUJARAT NARMADA has posted a net profit of Rs 936 m (down 71.5% YoY). Sales on the other hand came in at Rs 14 bn (down 18.9% YoY). Read on for a complete analysis of GUJARAT NARMADA's quarterly results.

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