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

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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.

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MMTC LTD Announces Quarterly Results (4QFY19); Net Profit Down 8.3% (Quarterly Result Update)

Jun 3, 2019 | Updated on Jun 3, 2019

For the quarter ended March 2019, MMTC LTD has posted a net profit of Rs 118 m (down 8.3% YoY). Sales on the other hand came in at Rs 71 bn (up 129.5% YoY). Read on for a complete analysis of MMTC LTD's quarterly results.

MMTC LTD Announces Quarterly Results (3QFY19); Net Profit Up 348.1% (Quarterly Result Update)

Feb 22, 2019 | Updated on Feb 22, 2019

For the quarter ended December 2018, MMTC LTD has posted a net profit of Rs 280 m (up 348.1% YoY). Sales on the other hand came in at Rs 94 bn (up 176.5% YoY). Read on for a complete analysis of MMTC LTD's quarterly results.

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Jan 17, 2019 | Updated on Jan 17, 2019

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