ORACLE FINANCIAL Announces Quarterly Results (1QFY21); Net Profit Up 27.1%

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ORACLE FINANCIAL Announces Quarterly Results (1QFY21); Net Profit Up 27.1%
Tue, 22 Sep

ORACLE FINANCIAL has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

ORACLE FINANCIAL Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m12,75112,63513,3735.8%4.9%
Other incomeRs m32037147828.7%49.2%
TurnoverRs m13,07113,00713,8506.5%6.0%
ExpensesRs m6,5636,9836,472-7.3%-1.4%
Gross profitRs m6,1885,6526,90122.1%11.5%
DepreciationRs m265274266-3.0%0.2%
InterestRs m2739643-89.2%56.5%
Profit before taxRs m6,2165,3547,07032.1%13.7%
TaxRs m2,4422,6612,272-14.6%-7.0%
Profit after taxRs m3,7742,6924,79878.2%27.1%
Gross profit margin%48.544.751.6
Effective tax rate%39.349.732.1
Net profit margin%28.920.734.6
* 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 grew 4.9% on a year-on-year (YoY) basis. The expenses were down by 1.4% YoY during the same period.
  • The company's operating profit increased by 11.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 51.6% in 1QFY21 as against 48.5% in 1QFY20.
  • Depreciation charges increased by 0.2% and finance costs increased by 56.5% YoY, respectively.
  • Other income increased by 49.2% YoY during the quarter.
  • Net profit for the quarter increased by 27.1% YoY. Net profit margins during the quarter increased from 28.9% in 1QFY20 to 34.6% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 5.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.3% QoQ during the same period.
  • The company's operating profit increased by 22.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 51.6% in 1QFY21 as against 44.7% in 4QFY20.
  • Net profit for the quarter increased by 78.2% QoQ, while net profit margins increased from 20.7% in 4QFY20 to 34.6% in 1QFY21.

To see how ORACLE FINANCIAL has performed over the last eight quarters,please visit here.

DISCOVER: How to Potentially Multiply Your Returns by Upto 5x...

ORACLE FINANCIAL Share Price Performance

Over the last one year, ORACLE FINANCIAL share price has moved down from Rs 3,161.2 to Rs 2,975.1, registering a Loss of Rs 186.1 or around 5.9%.

Meanwhile, the S&P BSE IT Index is trading at Rs 19,838.9 (down 0.1%). Over the last one year it has moved up from 15,579.3 to 19,838.9, a gain of 4,260 points (up 27.3%).

Overall, the S&P BSE SENSEX is up 3.3% over the year.

Current Valuations

At the current price of Rs 2,975.1, the price to earnings (P/E) ratio of ORACLE FINANCIAL stands at 16.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.7 times.

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Related Views on News

ORACLE FINANCIAL Announces Quarterly Results (4QFY20); Net Profit Down 17.4% (Quarterly Result Update)

May 19, 2020 | Updated on May 19, 2020

For the quarter ended March 2020, ORACLE FINANCIAL has posted a net profit of Rs 3 bn (down 17.4% YoY). Sales on the other hand came in at Rs 13 bn (up 4.0% YoY). Read on for a complete analysis of ORACLE FINANCIAL's quarterly results.

ORACLE FINANCIAL Announces Quarterly Results (3QFY20); Net Profit Up 49.3% (Quarterly Result Update)

Feb 6, 2020 | Updated on Feb 6, 2020

For the quarter ended December 2019, ORACLE FINANCIAL has posted a net profit of Rs 5 bn (up 49.3% YoY). Sales on the other hand came in at Rs 12 bn (down 2.2% YoY). Read on for a complete analysis of ORACLE FINANCIAL's quarterly results.

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