MMTC LTD Announces Quarterly Results (1QFY20); Net Profit Up 98.5%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

MMTC LTD Announces Quarterly Results (1QFY20); Net Profit Up 98.5%
Mon, 26 Aug

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

MMTC LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m50,88171,01868,863-3.0%35.3%
Other incomeRs m8659179204.9%107.5%
TurnoverRs m50,96771,07769,042-2.9%35.5%
ExpensesRs m50,71770,57968,544-2.9%35.2%
Gross profitRs m149357319-10.5%114.1%
DepreciationRs m141512-17.9%-8.1%
InterestRs m10123425910.8%157.2%
Profit before taxRs m12116622636.0%87.2%
TaxRs m224929-40.6%34.9%
Profit after taxRs m9911819767.8%98.5%
Gross profit margin%0.30.50.5
Effective tax rate%17.829.312.8
Net profit margin%0.20.20.3
* 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 35.3% on a year-on-year (YoY) basis. The expenses were up by 35.2% YoY during the same period.
  • The company's operating profit increased by 114.1% YoY during the quarter. Consequently, operating profit margins remained same and stood at 0.5% in 1QFY20.
  • Depreciation charges declined by 8.1% and finance costs increased by 157.2% YoY, respectively.
  • Other income increased by 107.5% YoY during the quarter.
  • Net profit for the quarter increased by 98.5% YoY. Net profit margins during the quarter increased from 0.2% in 1QFY19 to 0.3% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 3.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.9% QoQ during the same period.
  • The company's operating profit declined by 10.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 0.5% in 1QFY20 as against 0.5% in 4QFY19.
  • Net profit for the quarter increased by 67.8% QoQ, while net profit margins increased from 0.2% in 4QFY19 to 0.3% in 1QFY20.

To see how MMTC LTD has performed over the last eight quarters,please visit here.

MMTC LTD Share Price Performance

Over the last one year,MMTC LTD share price has moved down from Rs 32.0 to Rs 18.0, registering a Loss of Rs 14.1 or around 43.9%.

Overall, the S&P BSE SENSEX is down 4.0% over the year.

Current Valuations

At the current price of Rs 18.0, the price to earnings (P/E) ratio of MMTC LTD stands at 19.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.5 times.

Equitymaster requests your view! Post a comment on "MMTC LTD Announces Quarterly Results (1QFY20); Net Profit Up 98.5%". Click here!

  

Related Views on News

Sorry! There are no related views on news for this company/sector.

Most Popular

5 Specialty Chemical Stocks that Turned Multibaggers in One Year(Views On News)

Sep 17, 2021

These specialty chemical stocks have surged 200% or more in the last year. Do you own any?

5 Indian Companies that are Leading the AI Race(Views On News)

Sep 9, 2021

During the pandemic, India reported the highest increase in the use of AI at 45% compared to other major economies. AI has potential to add US$90 bn to the Indian economy by 2025.

A Rare Buying Opportunity in an Exciting Stock(Profit Hunter)

Sep 16, 2021

Whether agriculture sector goes through a structural transformation or not, this agrochemical stock has a good chance of winning.

How to Create a Second Income from Trading(Profit Hunter)

Sep 10, 2021

My trading system that works in all kinds of markets.

5 Indian Companies with Over 7% in Dividend Yield(Views On News)

Sep 17, 2021

These stocks will give you better yields than bank deposits.

More

Become A Smarter Investor
In Just 5 Minutes

Multibagger Stock Guide 2021
Get our special report Multibagger Stocks Guide (2021 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

MMTC SHARE PRICE


Sep 22, 2021 (Close)

TRACK MMTC

COMPARE MMTC WITH

MARKET STATS