TAJ GVK Announces Quarterly Results (3QFY19); Net Profit Down 15.1%

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TAJ GVK Announces Quarterly Results (3QFY19); Net Profit Down 15.1%
Mon, 4 Feb

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

TAJ GVK Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m82771485820.2%3.8%
Other incomeRs m233-6.7%75.0%
TurnoverRs m82971786120.1%3.9%
ExpensesRs m5786006284.6%8.7%
Gross profitRs m253113230103.1%-9.0%
DepreciationRs m434342-1.4%-2.8%
InterestRs m615454-0.7%-11.4%
Profit before taxRs m15120137597.5%-9.0%
TaxRs m52754678.3%2.5%
Profit after taxRs m991384553.9%-15.1%
Gross profit margin%30.615.926.8
Effective tax rate%34.735.039.1
Net profit margin%11.91.89.7
* 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 grew 3.8% on a year-on-year (YoY) basis. The expenses were up by 8.7% YoY during the same period.
  • The company's operating profit declined by 9.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 26.8% in 3QFY19 as against 30.6% in 3QFY18.
  • Depreciation charges declined by 2.8% and finance costs declined by 11.4% YoY, respectively.
  • Other income increased by 75.0% YoY during the quarter.
  • Net profit for the quarter declined by 15.1% YoY. Net profit margins during the quarter declined from 11.9% in 3QFY18 to 9.7% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 20.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.6% QoQ during the same period.
  • The company's operating profit increased by 103.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 26.8% in 3QFY19 as against 15.9% in 2QFY18.
  • Net profit for the quarter increased by 553.9% QoQ, while net profit margins increased from 1.8% in 2QFY18 to 9.7% in 3QFY19.

To see how TAJ GVK has performed over the last eight quarters, please visit here.

TAJ GVK Share Price Performance

Over the last one year, TAJ GVK share price has moved up from Rs 166.9 to Rs 174.5, registering a Gain of Rs 7.6 or around 4.5%.

Overall, the S&P BSE SENSEX is up 1.2% over the year.

Current Valuations

At the current price of Rs 174.5, the price to earnings (P/E) ratio of TAJ GVK stands at 52.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.0 times.

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