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

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ORACLE FINANCIAL Announces Quarterly Results (3QFY20); Net Profit Up 49.3%
Thu, 6 Feb

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

ORACLE FINANCIAL Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m11,85911,62511,601-0.2%-2.2%
Other incomeRs m17046162134.5%265.5%
TurnoverRs m12,02812,08612,2221.1%1.6%
ExpensesRs m6,8646,4416,339-1.6%-7.6%
Gross profitRs m4,9955,1845,2621.5%5.3%
DepreciationRs m1192562684.8%125.8%
InterestRs m02625-5.2%0.0%
Profit before taxRs m5,0465,3635,5904.2%10.8%
TaxRs m1,9861,7751,022-42.4%-48.5%
Profit after taxRs m3,0603,5884,56827.3%49.3%
Gross profit margin%42.144.645.4
Effective tax rate%39.433.118.3
Net profit margin%25.429.737.4
* 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 2.2% on a year-on-year (YoY) basis. The expenses were down by 7.6% YoY during the same period.
  • The company's operating profit increased by 5.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 45.4% in 3QFY20 as against 42.1% in 3QFY19.
  • Depreciation charges increased by 125.8% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 265.5% YoY during the quarter.
  • Net profit for the quarter increased by 49.3% YoY. Net profit margins during the quarter increased from 25.4% in 3QFY19 to 37.4% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.6% QoQ during the same period.
  • The company's operating profit increased by 1.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 45.4% in 3QFY20 as against 44.6% in 2QFY19.
  • Net profit for the quarter increased by 27.3% QoQ, while net profit margins increased from 29.7% in 2QFY19 to 37.4% in 3QFY20.

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

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ORACLE FINANCIAL Share Price Performance

Over the last one year,ORACLE FINANCIAL share price has moved down from Rs 3,866.4 to Rs 2,998.5, registering a Loss of Rs 867.9 or around 22.4%.

Meanwhile, the S&P BSE IT Index is trading at Rs 16,201.2 (up 0.3%). Over the last one year it has moved up from 15,692.7 to 16,201.2, a gain of 508 points (up 3.2%).

Overall, the S&P BSE SENSEX is up 12.4% over the year.

Current Valuations

At the current price of Rs 2,998.5, the price to earnings (P/E) ratio of ORACLE FINANCIAL stands at 16.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.8 times.

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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.

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For the quarter ended June 2019, ORACLE FINANCIAL has posted a net profit of Rs 4 bn (down 6.1% YoY). Sales on the other hand came in at Rs 13 bn (down 5.2% YoY). Read on for a complete analysis of ORACLE FINANCIAL's quarterly results.

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