TATA TELESERVICES Announces Quarterly Results (3QFY19); Net Profit Up 14.8%

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TATA TELESERVICES Announces Quarterly Results (3QFY19); Net Profit Up 14.8%
Mon, 25 Feb

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

TATA TELESERVICES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m4,1843,2183,054-5.1%-27.0%
Other incomeRs m1014518930.7%1826.5%
TurnoverRs m4,1943,3633,243-3.6%-22.7%
ExpensesRs m3,6352,6812,294-14.4%-36.9%
Gross profitRs m-408313105-66.5%
DepreciationRs m583429407-5.2%-30.2%
InterestRs m3,8263,8523,9813.4%4.0%
Profit before taxRs m-4,808-3,823-4,094
TaxRs m0000.0%0.0%
Profit after taxRs m-4,808-3,823-4,094
Gross profit margin%-9.89.73.4
Effective tax rate%0.00.00.0
Net profit margin%-114.6-113.7-126.2
* 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 27.0% on a year-on-year (YoY) basis. The expenses were down by 36.9% YoY during the same period.
  • The company's operating profit declined by 125.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 3.4% in 3QFY19 as against 9.8% in 3QFY18.
  • Depreciation charges declined by 30.2% and finance costs increased by 4.0% YoY, respectively.
  • Other income increased by 1826.5% YoY during the quarter.
  • Net profit for the quarter increased by 14.8% YoY. Net profit margins during the quarter declined from -114.6% in 3QFY18 to -126.2% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 14.4% QoQ during the same period.
  • The company's operating profit declined by 66.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.4% in 3QFY19 as against 9.7% in 2QFY18.
  • Net profit for the quarter declined by 7.1% QoQ, while net profit margins declined from -113.7% in 2QFY18 to -126.2% in 3QFY19.

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 6.2 to Rs 3.5, registering a Loss of Rs 2.6 or around 42.8%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,561.6 (up 0.4%). Over the last one year it has moved up from 6,730.8 to 7,561.6, a gain of 831 points (up 12.3%).

Overall, the S&P BSE SENSEX is up 6.3% over the year.

Current Valuations

At the current price of Rs 3.5, the price to book value (P/BV) ratio of TATA TELESERVICES stands at 0.0 times.

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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.

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