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.

Get Details: These 3 Stocks are the Dark Horses of the Stock Market

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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