ICRA LTD Announces Quarterly Results (1QFY20); Net Profit Down 19.8%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

ICRA LTD Announces Quarterly Results (1QFY20); Net Profit Down 19.8%
Mon, 5 Aug

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

ICRA LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m787837770-7.9%-2.1%
Other incomeRs m1031161170.1%13.6%
TurnoverRs m889953887-6.9%-0.3%
ExpensesRs m505559543-2.8%7.5%
Gross profitRs m281278227-18.3%-19.2%
DepreciationRs m12162339.6%83.1%
InterestRs m05633.6%2827.3%
Profit before taxRs m371373315-15.7%-15.3%
TaxRs m117112111-1.1%-5.5%
Profit after taxRs m254261204-22.0%-19.8%
Gross profit margin%35.833.229.5
Effective tax rate%31.630.135.3
Net profit margin%28.527.422.9
* 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 2.1% on a year-on-year (YoY) basis. The expenses were up by 7.5% YoY during the same period.
  • The company's operating profit declined by 19.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 29.5% in 1QFY20 as against 35.8% in 1QFY19.
  • Depreciation charges increased by 83.1% and finance costs increased by 2827.3% YoY, respectively.
  • Other income increased by 13.6% YoY during the quarter.
  • Net profit for the quarter declined by 19.8% YoY. Net profit margins during the quarter declined from 28.5% in 1QFY19 to 22.9% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 7.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.8% QoQ during the same period.
  • The company's operating profit declined by 18.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 29.5% in 1QFY20 as against 33.2% in 4QFY19.
  • Net profit for the quarter declined by 22.0% QoQ, while net profit margins declined from 27.4% in 4QFY19 to 22.9% in 1QFY20.

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

ICRA LTD Share Price Performance

Over the last one year,ICRA LTD share price has moved down from Rs 3,442.1 to Rs 2,973.9, registering a Loss of Rs 468.2 or around 13.6%.

Overall, the S&P BSE SENSEX is down 1.3% over the year.

Current Valuations

At the current price of Rs 2,973.9, the price to earnings (P/E) ratio of ICRA LTD stands at 29.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.5 times.

Equitymaster requests your view! Post a comment on "ICRA LTD Announces Quarterly Results (1QFY20); Net Profit Down 19.8%". Click here!

  

Related Views on News

ICRA 2019-20 Annual Report Analysis (Annual Result Update)

Dec 1, 2020 | Updated on Dec 1, 2020

Here's an analysis of the annual report of ICRA for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of ICRA. Also includes updates on the valuation of ICRA.

ICRA LTD Announces Quarterly Results (3QFY20); Net Profit Down 14.9% (Quarterly Result Update)

Feb 11, 2020 | Updated on Feb 11, 2020

For the quarter ended December 2019, ICRA LTD has posted a net profit of Rs 225 m (down 14.9% YoY). Sales on the other hand came in at Rs 794 m (down 6.3% YoY). Read on for a complete analysis of ICRA LTD's quarterly results.

ICRA LTD Announces Quarterly Results (2QFY20); Net Profit Down 27.5% (Quarterly Result Update)

Nov 6, 2019 | Updated on Nov 6, 2019

For the quarter ended September 2019, ICRA LTD has posted a net profit of Rs 193 m (down 27.5% YoY). Sales on the other hand came in at Rs 776 m (down 4.2% YoY). Read on for a complete analysis of ICRA LTD's quarterly results.

ICRA LTD 2018-19 Annual Report Analysis (Annual Result Update)

Oct 18, 2019 | Updated on Oct 18, 2019

Here's an analysis of the annual report of ICRA LTD for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of ICRA LTD. Also includes updates on the valuation of ICRA LTD.

More Views on News

Most Popular

Power Grid's InvIT IPO: Key Points to Consider(Company Info)

Apr 23, 2021

In this article, we discuss the key reasons why the stock of Power Grid was in focus today.

Time to Buy Smallcaps?(Fast Profits Daily)

Apr 30, 2021

In this video, I'll show you why I favour smallcaps over the Nifty.

The Next Smallcap Winners(Profit Hunter)

Apr 30, 2021

Price is the only due diligence one might require to buy this business.

This Fund Manager Has Taken the World by Storm. Will You Invest With Her?(Profit Hunter)

Apr 26, 2021

Should you invest with this Rockstar fund manager who has outperformed in a big way?

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

ICRA SHARE PRICE


May 6, 2021 (Close)

TRACK ICRA

COMPARE ICRA WITH

MARKET STATS