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NOIDA TOLL BRIDGE Announces Quarterly Results (1QFY20); Net Profit Down 66.6%

Tue, 13 Aug

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

NOIDA TOLL BRIDGE Quarterly Financials

No. of Mths Qtr. Ending		3 Jun-18*	3 Mar-19*	3 Jun-19*	QoQ Change	YoY Change
Net Sales	Rs m	46	56	62	10.0%	34.7%
Other income	Rs m	1	2	0	-77.3%	-52.3%
Turnover	Rs m	47	58	62	7.2%	33.1%
Expenses	Rs m	68	67	56	-16.8%	-17.2%
Gross profit	Rs m	-22	-11	6
Depreciation	Rs m	108	98	119	21.4%	9.9%
Interest	Rs m	19	20	21	6.3%	12.9%
Profit before tax	Rs m	-147	-127	-133
Tax	Rs m	-67	7	0	-100.0%
Profit after tax	Rs m	-80	-134	-133
Gross profit margin	%	-46.8	-19.3	9.7
Effective tax rate	%	45.7	-5.6	0.0
Net profit margin	%	-170.7	-229.7	-213.7

Year-on-Year Performance:

• The company's operating income during the quarter grew 34.7% on a year-on-year (YoY) basis. The expenses were down by 17.2% YoY during the same period.
• The company's operating profit declined by 128.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.7% in 1QFY20 as against 46.8% in 1QFY19.
• Depreciation charges increased by 9.9% and finance costs increased by 12.9% YoY, respectively.
• Other income declined by 52.3% YoY during the quarter.
• Net profit for the quarter declined by 66.6% YoY. Net profit margins during the quarter declined from -170.7% in 1QFY19 to -213.7% in 1QFY20.

Quarter-on-Quarter Performance:

• The company's operating income during the quarter grew 10.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 16.8% QoQ during the same period.
• The company's operating profit increased by 155.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.7% in 1QFY20 as against 19.3% in 4QFY19.
• Net profit for the quarter increased by 0.3% QoQ, while net profit margins increased from -231.0% in 4QFY19 to -213.7% in 1QFY20.

To see how NOIDA TOLL BRIDGE has performed over the last eight quarters,please visit here.

NOIDA TOLL BRIDGE Share Price Performance

Over the last one year,NOIDA TOLL BRIDGE share price has moved down from Rs 9.6 to Rs 3.2, registering a Loss of Rs 6.4 or around 66.2%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,050.2 (up 0.0%). Over the last one year it has moved down from 2,089.7 to 2,050.2, a gain of 39 points (down 1.9%).

Overall, the S&P BSE SENSEX is down 1.3% over the year.

Current Valuations

At the current price of Rs 3.2, the price to book value (P/BV) ratio of NOIDA TOLL BRIDGE stands at 0.1 times.