TATA TELESERVICES Announces Quarterly Results (2QFY19); Net Profit Up 95.3%

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TATA TELESERVICES Announces Quarterly Results (2QFY19); Net Profit Up 95.3%
Mon, 5 Nov

TATA TELESERVICES has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

TATA TELESERVICES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m5,1533,3453,218-3.8%-37.5%
Other incomeRs m1291451523.6%1104.2%
TurnoverRs m5,1653,3533,3630.3%-34.9%
ExpensesRs m7,9162,9222,681-8.2%-66.1%
Gross profitRs m-79,849-490313
DepreciationRs m2,15438742911.0%-80.1%
InterestRs m-83,6863,8524.5%
Profit before taxRs m-81,983-4,554-3,823
TaxRs m0000.0%0.0%
Profit after taxRs m-81,983-4,554-3,823
Gross profit margin%-1,549.5-14.79.7
Effective tax rate%0.00.00.0
Net profit margin%-1,587.2-135.8-113.7
* 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 37.5% on a year-on-year (YoY) basis. The expenses were down by 66.1% YoY during the same period.
  • The company's operating profit declined by 100.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.7% in 2QFY19 as against 1549.5% in 2QFY18.
  • Depreciation charges declined by 80.1% and finance costs declined by 48243.8% YoY, respectively.
  • Other income increased by 1104.2% YoY during the quarter.
  • Net profit for the quarter increased by 95.3% YoY. Net profit margins during the quarter increased from -1587.2% in 2QFY18 to -113.7% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 3.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 8.2% QoQ during the same period.
  • The company's operating profit increased by 163.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.7% in 2QFY19 as against 14.7% in 1QFY18.
  • Net profit for the quarter increased by 16.1% QoQ, while net profit margins increased from -135.8% in 1QFY18 to -113.7% in 2QFY19.

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

TATA TELESERVICES Share Price Performance

Over the last one year, TATA TELESERVICES share price has moved up from Rs 10.0 to Rs 4.0, registering a Loss of Rs 6.0 or around 60.0%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,067.7 (up 0.2%). Over the last one year it has moved up from 6,018.1 to 7,067.7, a gain of 1,050 points (up 17.4%).

Overall, the S&P BSE SENSEX is up 4.1% over the year.

Current Valuations

At the current price of Rs 4.0, the price to book value (P/BV) ratio of TATA TELESERVICES stands at -0.1 times.

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Related Views on News

TATA TELESERVICES Announces Quarterly Results (1QFY20); Net Profit Up 49.8% (Quarterly Result Update)

Aug 8, 2019 | Updated on Aug 8, 2019

For the quarter ended June 2019, TATA TELESERVICES has posted a net profit of Rs 2 bn (up 49.8% YoY). Sales on the other hand came in at Rs 3 bn (down 12.3% YoY). Read on for a complete analysis of TATA TELESERVICES's quarterly results.

TATA TELESERVICES Announces Quarterly Results (4QFY19); Net Profit Up 185.0% (Quarterly Result Update)

Jun 7, 2019 | Updated on Jun 7, 2019

For the quarter ended March 2019, TATA TELESERVICES has posted a net profit of Rs 6 bn (up 185.0% YoY). Sales on the other hand came in at Rs 3 bn (down 17.4% YoY). Read on for a complete analysis of TATA TELESERVICES's quarterly results.

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