PTC INDIA LTD Announces Quarterly Results (3QFY19); Net Profit Down 12.9%

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PTC INDIA LTD Announces Quarterly Results (3QFY19); Net Profit Down 12.9%
Tue, 12 Feb

PTC INDIA LTD has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

PTC INDIA LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m44,90145,35029,223-35.6%-34.9%
Other incomeRs m178651129-80.2%-27.3%
TurnoverRs m45,07846,00129,352-36.2%-34.9%
ExpensesRs m44,04144,03228,297-35.7%-35.7%
Gross profitRs m8601,319926-29.8%7.7%
DepreciationRs m77810.0%8.5%
InterestRs m160558254-54.6%58.1%
Profit before taxRs m8701,405794-43.5%-8.7%
TaxRs m280448281-37.4%0.1%
Profit after taxRs m589957513-46.3%-12.9%
Gross profit margin%1.92.93.2
Effective tax rate%32.231.935.3
Net profit margin%1.32.11.7
* 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 34.9% on a year-on-year (YoY) basis. The expenses were down by 35.7% YoY during the same period.
  • The company's operating profit increased by 7.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 3.2% in 3QFY19 as against 1.9% in 3QFY18.
  • Depreciation charges increased by 8.5% and finance costs increased by 58.1% YoY, respectively.
  • Other income declined by 27.3% YoY during the quarter.
  • Net profit for the quarter declined by 12.9% YoY. Net profit margins during the quarter increased from 1.3% in 3QFY18 to 1.7% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 35.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 35.7% QoQ during the same period.
  • The company's operating profit increased by 29.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 3.2% in 3QFY19 as against 2.9% in 2QFY18.
  • Net profit for the quarter declined by 46.3% QoQ, while net profit margins declined from 2.1% in 2QFY18 to 1.7% in 3QFY19.

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

PTC INDIA LTD Share Price Performance

Over the last one year, PTC INDIA LTD share price has moved up from Rs 102.5 to Rs 72.8, registering a Loss of Rs 29.7 or around 28.9%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,778.8 (up 0.4%). Over the last one year it has moved down from 2,273.7 to 1,778.8, a gain of 495 points (down 21.8%).

Overall, the S&P BSE SENSEX is up 6.1% over the year.

Current Valuations

At the current price of Rs 72.8, the price to earnings (P/E) ratio of PTC INDIA LTD stands at 7.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.5 times.

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