GREAVES COTTON Announces Quarterly Results (3QFY20); Net Profit Up 26.6%

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GREAVES COTTON Announces Quarterly Results (3QFY20); Net Profit Up 26.6%
Thu, 6 Feb

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

GREAVES COTTON Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m5,0654,9004,9470.9%-2.3%
Other incomeRs m1016228-54.5%-71.8%
TurnoverRs m5,1654,9634,9750.3%-3.7%
ExpensesRs m4,3594,3094,175-3.1%-4.2%
Gross profitRs m65664281927.6%24.9%
DepreciationRs m121143112-22.1%-7.5%
InterestRs m1091230.9%23.0%
Profit before taxRs m62555172331.2%15.7%
TaxRs m1989918385.0%-7.8%
Profit after taxRs m42745354119.4%26.6%
Gross profit margin%12.913.116.6
Effective tax rate%31.717.925.3
Net profit margin%8.39.110.9
* 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 2.3% on a year-on-year (YoY) basis. The expenses were down by 4.2% YoY during the same period.
  • The company's operating profit increased by 24.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.6% in 3QFY20 as against 12.9% in 3QFY19.
  • Depreciation charges declined by 7.5% and finance costs increased by 23.0% YoY, respectively.
  • Other income declined by 71.8% YoY during the quarter.
  • Net profit for the quarter increased by 26.6% YoY. Net profit margins during the quarter increased from 8.3% in 3QFY19 to 10.9% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 0.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 3.1% QoQ during the same period.
  • The company's operating profit increased by 27.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.6% in 3QFY20 as against 13.1% in 2QFY19.
  • Net profit for the quarter increased by 19.4% QoQ, while net profit margins increased from 9.1% in 2QFY19 to 10.9% in 3QFY20.

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

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GREAVES COTTON Share Price Performance

Over the last one year,GREAVES COTTON share price has moved up from Rs 119.4 to Rs 140.6, registering a Gain of Rs 21.3 or around 17.8%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,201.6 (up 0.4%). Over the last one year it has moved up from 17,194.0 to 17,201.6, a gain of 8 points (up 0.0%).

Overall, the S&P BSE SENSEX is up 12.5% over the year.

Current Valuations

At the current price of Rs 140.6, the price to earnings (P/E) ratio of GREAVES COTTON stands at 19.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.5 times.

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Here's an analysis of the annual report of GREAVES COTTON for 2020-21. It includes a full income statement, balance sheet and cash flow analysis of GREAVES COTTON. Also includes updates on the valuation of GREAVES COTTON.

GREAVES COTTON Announces Quarterly Results (2QFY20); Net Profit Down 8.3% (Quarterly Result Update)

Nov 8, 2019 | Updated on Nov 8, 2019

For the quarter ended September 2019, GREAVES COTTON has posted a net profit of Rs 453 m (down 8.3% YoY). Sales on the other hand came in at Rs 5 bn (down 1.0% YoY). Read on for a complete analysis of GREAVES COTTON's quarterly results.

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