NAVA BHARAT VENTURES Announces Quarterly Results (2QFY20); Net Profit Down 29.4%

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NAVA BHARAT VENTURES Announces Quarterly Results (2QFY20); Net Profit Down 29.4%
Tue, 5 Nov

NAVA BHARAT VENTURES has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

NAVA BHARAT VENTURES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m7,6848,0036,806-15.0%-11.4%
Other incomeRs m34650344589.8%-0.6%
TurnoverRs m8,0298,0537,150-11.2%-11.0%
ExpensesRs m4,2494,8394,220-12.8%-0.7%
Gross profitRs m3,4353,1642,586-18.3%-24.7%
DepreciationRs m7227497672.4%6.2%
InterestRs m9398048414.6%-10.5%
Profit before taxRs m2,1191,6611,322-20.4%-37.6%
TaxRs m714437331-24.3%-53.7%
Profit after taxRs m1,4051,224991-19.0%-29.4%
Gross profit margin%44.739.538.0
Effective tax rate%33.726.325.0
Net profit margin%17.515.213.9
* 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 11.4% on a year-on-year (YoY) basis. The expenses were down by 0.7% YoY during the same period.
  • The company's operating profit declined by 24.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 38.0% in 2QFY20 as against 44.7% in 2QFY19.
  • Depreciation charges increased by 6.2% and finance costs declined by 10.5% YoY, respectively.
  • Other income declined by 0.6% YoY during the quarter.
  • Net profit for the quarter declined by 29.4% YoY. Net profit margins during the quarter declined from 17.5% in 2QFY19 to 13.9% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 15.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 12.8% QoQ during the same period.
  • The company's operating profit declined by 18.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 38.0% in 2QFY20 as against 39.5% in 1QFY19.
  • Net profit for the quarter declined by 19.0% QoQ, while net profit margins declined from 15.2% in 1QFY19 to 13.9% in 2QFY20.

To see how NAVA BHARAT VENTURES has performed over the last eight quarters,please visit here.

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NAVA BHARAT VENTURES Share Price Performance

Over the last one year,NAVA BHARAT VENTURES share price has moved down from Rs 120.6 to Rs 74.1, registering a Loss of Rs 46.5 or around 38.6%.

Overall, the S&P BSE SENSEX is up 15.4% over the year.

Current Valuations

At the current price of Rs 74.1, the price to earnings (P/E) ratio of NAVA BHARAT VENTURES stands at 3.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.4 times.

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