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- ICRA LTD Announces Quarterly Results (3QFY20); Net Profit Down 14.9%
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 Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 847 | 776 | 794 | 2.2% | -6.3% |
| Other income | Rs m | 110 | 121 | 117 | -3.8% | 6.3% |
| Turnover | Rs m | 957 | 898 | 910 | 1.4% | -4.8% |
| Expenses | Rs m | 543 | 593 | 569 | -4.0% | 4.7% |
| Gross profit | Rs m | 303 | 183 | 224 | 22.3% | -26.0% |
| Depreciation | Rs m | 14 | 27 | 26 | -2.0% | 89.3% |
| Interest | Rs m | 0 | 6 | 6 | -2.3% | 6100.0% |
| Profit before tax | Rs m | 399 | 272 | 309 | 13.6% | -22.5% |
| Tax | Rs m | 134 | 79 | 84 | 6.2% | -37.6% |
| Profit after tax | Rs m | 265 | 193 | 225 | 16.6% | -14.9% |
| Gross profit margin | % | 35.8 | 23.6 | 28.3 | ||
| Effective tax rate | % | 33.7 | 29.0 | 27.1 | ||
| Net profit margin | % | 27.7 | 21.5 | 24.7 |
Interim results exclude extraordinary / exceptional items
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.
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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.
Related Views on News
ICRA 2019-20 Annual Report Analysis (Annual Result Update)
Dec 1, 2020 | Updated on Dec 1, 2020Here'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, 2019For 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, 2019Here'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, 2019For 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.
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