TAJ GVK Announces Quarterly Results (3QFY20); Net Profit Up 33.1%

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TAJ GVK Announces Quarterly Results (3QFY20); Net Profit Up 33.1%
Thu, 30 Jan

TAJ GVK has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

TAJ GVK Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m85873391124.3%6.2%
Other incomeRs m341-72.2%-64.3%
TurnoverRs m86173791223.8%5.9%
ExpensesRs m62858965310.8%3.9%
Gross profitRs m23014425979.1%12.3%
DepreciationRs m424242-0.2%0.0%
InterestRs m545956-4.6%4.3%
Profit before taxRs m13747162242.4%17.6%
TaxRs m541750191.9%-6.5%
Profit after taxRs m8430111271.3%33.1%
Gross profit margin%26.819.728.4
Effective tax rate%39.136.431.1
Net profit margin%9.74.112.2
* 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 6.2% on a year-on-year (YoY) basis. The expenses were up by 3.9% YoY during the same period.
  • The company's operating profit increased by 12.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 28.4% in 3QFY20 as against 26.8% in 3QFY19.
  • Depreciation charges increased by 0.0% and finance costs increased by 4.3% YoY, respectively.
  • Other income declined by 64.3% YoY during the quarter.
  • Net profit for the quarter increased by 33.1% YoY. Net profit margins during the quarter increased from 9.7% in 3QFY19 to 12.2% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 24.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 10.8% QoQ during the same period.
  • The company's operating profit increased by 79.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 28.4% in 3QFY20 as against 19.7% in 2QFY19.
  • Net profit for the quarter increased by 271.3% QoQ, while net profit margins increased from 4.1% in 2QFY19 to 12.2% in 3QFY20.

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

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TAJ GVK Share Price Performance

Over the last one year,TAJ GVK share price has moved up from Rs 177.7 to Rs 185.6, registering a Gain of Rs 7.9 or around 4.4%.

Overall, the S&P BSE SENSEX is up 15.2% over the year.

Current Valuations

At the current price of Rs 185.6, the price to earnings (P/E) ratio of TAJ GVK stands at 38.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.0 times.

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