IZMO LIMITED Announces Quarterly Results (1QFY20); Net Profit Down 56.4%

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IZMO LIMITED Announces Quarterly Results (1QFY20); Net Profit Down 56.4%
Tue, 13 Aug

IZMO LIMITED has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

IZMO LIMITED Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m177341211-38.1%18.9%
Other incomeRs m8206-71.4%-25.2%
TurnoverRs m185360217-39.9%17.1%
ExpensesRs m140290165-43.0%17.7%
Gross profitRs m375146-10.2%23.4%
DepreciationRs m245741-29.3%67.7%
InterestRs m313141.2%3.8%
Profit before taxRs m17128-36.7%-56.4%
TaxRs m060-100.0%0.0%
Profit after taxRs m176836.5%-56.4%
Gross profit margin%20.915.021.7
Effective tax rate%0.053.60.0
Net profit margin%9.31.53.5
* 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 18.9% on a year-on-year (YoY) basis. The expenses were up by 17.7% YoY during the same period.
  • The company's operating profit increased by 23.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.7% in 1QFY20 as against 20.9% in 1QFY19.
  • Depreciation charges increased by 67.7% and finance costs increased by 3.8% YoY, respectively.
  • Other income declined by 25.2% YoY during the quarter.
  • Net profit for the quarter declined by 56.4% YoY. Net profit margins during the quarter declined from 9.3% in 1QFY19 to 3.5% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 38.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 43.0% QoQ during the same period.
  • The company's operating profit increased by 10.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.7% in 1QFY20 as against 15.0% in 4QFY19.
  • Net profit for the quarter increased by 36.5% QoQ, while net profit margins increased from 1.7% in 4QFY19 to 3.5% in 1QFY20.

To see how IZMO LIMITED has performed over the last eight quarters,please visit here.

IZMO LIMITED Share Price Performance

Over the last one year,IZMO LIMITED share price has moved down from Rs 79.9 to Rs 29.8, registering a Loss of Rs 50.1 or around 62.7%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,705.5 (down 1.3%). Over the last one year it has moved up from 14,865.8 to 15,705.5, a gain of 840 points (up 5.6%).

Overall, the S&P BSE SENSEX is down 1.2% over the year.

Current Valuations

At the current price of Rs 29.8, the price to earnings (P/E) ratio of IZMO LIMITED stands at 6.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.2 times.

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Related Views on News

IZMO LIMITED Announces Quarterly Results (4QFY19); Net Profit Up 161.0% (Quarterly Result Update)

Jun 14, 2019 | Updated on Jun 14, 2019

For the quarter ended March 2019, IZMO LIMITED has posted a net profit of Rs 6 m (up 161.0% YoY). Sales on the other hand came in at Rs 341 m (up 98.2% YoY). Read on for a complete analysis of IZMO LIMITED's quarterly results.

IZMO LIMITED 2017-18 Annual Report Analysis (Annual Result Update)

May 15, 2019 | Updated on May 15, 2019

Here's an analysis of the annual report of IZMO LIMITED for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of IZMO LIMITED. Also includes updates on the valuation of IZMO LIMITED.

IZMO LIMITED Announces Quarterly Results (3QFY19); Net Profit Down 14.7% (Quarterly Result Update)

Feb 12, 2019 | Updated on Feb 12, 2019

For the quarter ended December 2018, IZMO LIMITED has posted a net profit of Rs 27 m (down 14.7% YoY). Sales on the other hand came in at Rs 215 m (up 29.3% YoY). Read on for a complete analysis of IZMO LIMITED's quarterly results.

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