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

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 (3QFY20); Net Profit Down 14.9%
Tue, 11 Feb

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

ICRA LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m8477767942.2%-6.3%
Other incomeRs m110121117-3.8%6.3%
TurnoverRs m9578989101.4%-4.8%
ExpensesRs m543593569-4.0%4.7%
Gross profitRs m30318322422.3%-26.0%
DepreciationRs m142726-2.0%89.3%
InterestRs m066-2.3%6100.0%
Profit before taxRs m39927230913.6%-22.5%
TaxRs m13479846.2%-37.6%
Profit after taxRs m26519322516.6%-14.9%
Gross profit margin%35.823.628.3
Effective tax rate%33.729.027.1
Net profit margin%27.721.524.7
* 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 6.3% on a year-on-year (YoY) basis. The expenses were up by 4.7% YoY during the same period.
  • The company's operating profit declined by 26.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 28.3% in 3QFY20 as against 35.8% in 3QFY19.
  • Depreciation charges increased by 89.3% and finance costs increased by 6100.0% YoY, respectively.
  • Other income increased by 6.3% YoY during the quarter.
  • Net profit for the quarter declined by 14.9% YoY. Net profit margins during the quarter declined from 27.7% in 3QFY19 to 24.7% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 4.0% QoQ during the same period.
  • The company's operating profit increased by 22.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 28.3% in 3QFY20 as against 23.6% in 2QFY19.
  • Net profit for the quarter increased by 16.6% QoQ, while net profit margins increased from 21.5% in 2QFY19 to 24.7% in 3QFY20.

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

EXPIRES at 11:59pm: Full Transcript of Our Urgent Broadcast on India's Revival

ICRA LTD Share Price Performance

Over the last one year,ICRA LTD share price has moved down from Rs 2,997.4 to Rs 2,940.0, registering a Loss of Rs 57.4 or around 1.9%.

Overall, the S&P BSE SENSEX is up 13.7% over the year.

Current Valuations

At the current price of Rs 2,940.0, the price to earnings (P/E) ratio of ICRA LTD stands at 32.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.4 times.

Equitymaster requests your view! Post a comment on "ICRA LTD Announces Quarterly Results (3QFY20); Net Profit Down 14.9%". 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 (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.

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

Aug 5, 2019 | Updated on Aug 5, 2019

For the quarter ended June 2019, ICRA LTD has posted a net profit of Rs 204 m (down 19.8% YoY). Sales on the other hand came in at Rs 770 m (down 2.1% YoY). Read on for a complete analysis of ICRA LTD's quarterly results.

More Views on News

Most Popular

India: Recovery Stalled by Vaccine Games?(The Honest Truth)

Apr 13, 2021

Ajit Dayal on how India's vaccine strategy will impact the markets.

4 Stocks to Make Your Portfolio Immune to the Second Covid Wave(Profit Hunter)

Apr 6, 2021

Rather than predicting the market, successful investing is more about preparing well and placing your bets accordingly.

A Stock with 700% Return Potential Comes with Additional Payoffs(Profit Hunter)

Apr 15, 2021

Narayana Murthy was one of the first unicorn founders to get the backing of this entity...

Why Did the Market Crash on Monday?(Fast Profits Daily)

Apr 13, 2021

In this video, I'll you what I think is the real reason behind yesterday's market crash.

A Unique Sector for Short-Term Profits(Fast Profits Daily)

Apr 12, 2021

This ignored sector could deliver big short-term profits.

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


Apr 19, 2021 11:50 AM

TRACK ICRA

COMPARE ICRA WITH

MARKET STATS