PTC INDIA LTD Announces Quarterly Results (2QFY20); Net Profit Up 41.0%

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PTC INDIA LTD Announces Quarterly Results (2QFY20); Net Profit Up 41.0%
Tue, 5 Nov

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

PTC INDIA LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m45,35049,73347,499-4.5%4.7%
Other incomeRs m65135363946.4%-44.2%
TurnoverRs m46,00149,76847,862-3.8%4.0%
ExpensesRs m44,03248,71346,087-5.4%4.7%
Gross profitRs m1,3191,0201,41238.4%7.0%
DepreciationRs m76712.5%2.9%
InterestRs m5588715072.4%-73.1%
Profit before taxRs m1,4059611,61868.3%15.1%
TaxRs m448334269-19.4%-40.1%
Profit after taxRs m9576281,349114.9%41.0%
Gross profit margin%2.92.13.0
Effective tax rate%31.934.716.6
Net profit margin%2.11.32.8
* 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 4.7% on a year-on-year (YoY) basis. The expenses were up by 4.7% YoY during the same period.
  • The company's operating profit increased by 7.0% YoY during the quarter. Consequently, operating profit margins remained same and stood at 3.0% in 2QFY20.
  • Depreciation charges increased by 2.9% and finance costs declined by 73.1% YoY, respectively.
  • Other income declined by 44.2% YoY during the quarter.
  • Net profit for the quarter increased by 41.0% YoY. Net profit margins during the quarter increased from 2.1% in 2QFY19 to 2.8% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 4.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 5.4% QoQ during the same period.
  • The company's operating profit increased by 38.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 3.0% in 2QFY20 as against 2.1% in 1QFY19.
  • Net profit for the quarter increased by 114.9% QoQ, while net profit margins increased from 1.3% in 1QFY19 to 2.8% in 2QFY20.

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

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PTC INDIA LTD Share Price Performance

Over the last one year,PTC INDIA LTD share price has moved down from Rs 78.0 to Rs 59.6, registering a Loss of Rs 18.4 or around 23.5%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,993.5 (up 0.4%). Over the last one year it has moved up from 1,957.7 to 1,993.5, a gain of 36 points (up 1.8%).

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

Current Valuations

At the current price of Rs 59.6, the price to earnings (P/E) ratio of PTC INDIA LTD stands at 5.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.4 times.

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