SAREGAMA Announces Quarterly Results (4QFY20); Net Profit Up 41.7%

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SAREGAMA Announces Quarterly Results (4QFY20); Net Profit Up 41.7%
Mon, 8 Jun

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

SAREGAMA Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m1,2401,2371,055-14.7%-15.0%
Other incomeRs m11827273.4%-76.9%
TurnoverRs m1,3591,2631,082-14.3%-20.4%
ExpensesRs m1,0771,112755-32.1%-30.0%
Gross profitRs m163125300141.0%83.9%
DepreciationRs m411111.8%173.2%
InterestRs m191414-4.2%-27.1%
Profit before taxRs m259126303140.7%17.0%
TaxRs m983374122.5%-23.9%
Profit after taxRs m16192228147.2%41.7%
Gross profit margin%13.210.128.4
Effective tax rate%37.726.624.6
Net profit margin%11.87.321.1
* 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 15.0% on a year-on-year (YoY) basis. The expenses were down by 30.0% YoY during the same period.
  • The company's operating profit increased by 83.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 28.4% in 4QFY20 as against 13.2% in 4QFY19.
  • Depreciation charges increased by 173.2% and finance costs declined by 27.1% YoY, respectively.
  • Other income declined by 76.9% YoY during the quarter.
  • Net profit for the quarter increased by 41.7% YoY. Net profit margins during the quarter increased from 11.8% in 4QFY19 to 21.1% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 14.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 32.1% QoQ during the same period.
  • The company's operating profit increased by 141.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 28.4% in 4QFY20 as against 10.1% in 3QFY19.
  • Net profit for the quarter increased by 147.2% QoQ, while net profit margins increased from 7.3% in 3QFY19 to 21.1% in 4QFY20.

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

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SAREGAMA Share Price Performance

Over the last one year,SAREGAMA share price has moved down from Rs 544.0 to Rs 411.9, registering a Loss of Rs 132.1 or around 24.3%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,656.0 (up 1.5%). Over the last one year it has moved down from 7,751.8 to 7,656.0, a loss of 96 points (down 1.2%).

Overall, the S&P BSE SENSEX is down 12.0% over the year.

Current Valuations

At the current price of Rs 411.9, the price to earnings (P/E) ratio of SAREGAMA stands at 14.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.7 times.

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