GANDHI SPECIAL TUBES Announces Quarterly Results (1QFY20); Net Profit Down 49.0%

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GANDHI SPECIAL TUBES Announces Quarterly Results (1QFY20); Net Profit Down 49.0%
Fri, 2 Aug

GANDHI SPECIAL TUBES has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

GANDHI SPECIAL TUBES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m376241238-0.9%-36.5%
Other incomeRs m122311-52.9%-11.8%
TurnoverRs m388264249-5.5%-35.7%
ExpensesRs m2291511627.7%-29.0%
Gross profitRs m1479076-15.3%-48.2%
DepreciationRs m999-6.4%-1.7%
InterestRs m0000.0%0.0%
Profit before taxRs m15110478-24.5%-47.9%
TaxRs m382921-28.6%-44.7%
Profit after taxRs m1137558-23.0%-49.0%
Gross profit margin%39.137.331.9
Effective tax rate%24.928.026.5
Net profit margin%29.128.323.1
* 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 36.5% on a year-on-year (YoY) basis. The expenses were down by 29.0% YoY during the same period.
  • The company's operating profit declined by 48.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 31.9% in 1QFY20 as against 39.1% in 1QFY19.
  • Depreciation charges declined by 1.7% and finance costs increased by 0.0% YoY, respectively.
  • Other income declined by 11.8% YoY during the quarter.
  • Net profit for the quarter declined by 49.0% YoY. Net profit margins during the quarter declined from 29.1% in 1QFY19 to 23.1% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.7% QoQ during the same period.
  • The company's operating profit declined by 15.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 31.9% in 1QFY20 as against 37.3% in 4QFY19.
  • Net profit for the quarter declined by 23.0% QoQ, while net profit margins declined from 28.4% in 4QFY19 to 23.1% in 1QFY20.

To see how GANDHI SPECIAL TUBES has performed over the last eight quarters,please visit here.

GANDHI SPECIAL TUBES Share Price Performance

Over the last one year,GANDHI SPECIAL TUBES share price has moved down from Rs 380.9 to Rs 340.1, registering a Loss of Rs 40.8 or around 10.7%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 9,075.7 (down 3.0%). Over the last one year it has moved down from 12,614.7 to 9,075.7, a gain of 3,539 points (down 28.1%).

Overall, the S&P BSE SENSEX is down 2.3% over the year.

Current Valuations

At the current price of Rs 340.1, the price to earnings (P/E) ratio of GANDHI SPECIAL TUBES stands at 14.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.7 times.

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Related Views on News

GANDHI SPECIAL TUBES Announces Quarterly Results (4QFY19); Net Profit Up 11.2% (Quarterly Result Update)

Jun 5, 2019 | Updated on Jun 5, 2019

For the quarter ended March 2019, GANDHI SPECIAL TUBES has posted a net profit of Rs 75 m (up 11.2% YoY). Sales on the other hand came in at Rs 241 m (down 14.1% YoY). Read on for a complete analysis of GANDHI SPECIAL TUBES's quarterly results.

GANDHI SP.TUB Announces Quarterly Results (3QFY19); Net Profit Up 5.7% (Quarterly Result Update)

Feb 13, 2019 | Updated on Feb 13, 2019

For the quarter ended December 2018, GANDHI SP.TUB has posted a net profit of Rs 98 m (up 5.7% YoY). Sales on the other hand came in at Rs 277 m (down 1.6% YoY). Read on for a complete analysis of GANDHI SP.TUB's quarterly results.

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