MT EDUCARE Announces Quarterly Results (1QFY20); Net Profit Up 360.9%

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MT EDUCARE Announces Quarterly Results (1QFY20); Net Profit Up 360.9%
Tue, 20 Aug

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

MT EDUCARE Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m70450362724.6%-11.0%
Other incomeRs m38738110.8%114.4%
TurnoverRs m74257670822.9%-4.6%
ExpensesRs m63044549812.0%-21.0%
Gross profitRs m7458129121.2%74.1%
DepreciationRs m464496115.9%109.2%
InterestRs m63376164.4%-4.4%
Profit before taxRs m350536.4%1976.7%
TaxRs m-6313408.4%
Profit after taxRs m94840-15.8%360.9%
Gross profit margin%10.511.620.5
Effective tax rate%-238.15.225.0
Net profit margin%1.28.35.7
* 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 11.0% on a year-on-year (YoY) basis. The expenses were down by 21.0% YoY during the same period.
  • The company's operating profit increased by 74.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.5% in 1QFY20 as against 10.5% in 1QFY19.
  • Depreciation charges increased by 109.2% and finance costs declined by 4.4% YoY, respectively.
  • Other income increased by 114.4% YoY during the quarter.
  • Net profit for the quarter increased by 360.9% YoY. Net profit margins during the quarter increased from 1.2% in 1QFY19 to 5.7% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 24.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 12.0% QoQ during the same period.
  • The company's operating profit increased by 121.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.5% in 1QFY20 as against 11.6% in 4QFY19.
  • Net profit for the quarter declined by 15.8% QoQ, while net profit margins declined from 8.3% in 4QFY19 to 5.7% in 1QFY20.

To see how MT EDUCARE has performed over the last eight quarters,please visit here.

MT EDUCARE Share Price Performance

Over the last one year,MT EDUCARE share price has moved down from Rs 52.9 to Rs 33.1, registering a Loss of Rs 19.8 or around 37.5%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,723.4 (up 1.4%). Over the last one year it has moved up from 7,529.9 to 7,723.4, a gain of 194 points (up 2.6%).

Overall, the S&P BSE SENSEX is down 2.5% over the year.

Current Valuations

At the current price of Rs 33.1, the price to earnings (P/E) ratio of MT EDUCARE stands at 10.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

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For the quarter ended March 2019, MT EDUCARE has posted a net profit of Rs 48 m (up 110.6% YoY). Sales on the other hand came in at Rs 503 m (up 23.4% YoY). Read on for a complete analysis of MT EDUCARE's quarterly results.

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