TAJ GVK Announces Quarterly Results (4QFY19); Net Profit Up 39.0%

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TAJ GVK Announces Quarterly Results (4QFY19); Net Profit Up 39.0%
Fri, 17 May

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

TAJ GVK Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m8338588701.4%4.4%
Other incomeRs m203652210.7%225.1%
TurnoverRs m8538619358.6%9.6%
ExpensesRs m6396286503.5%1.7%
Gross profitRs m194230221-4.2%13.5%
DepreciationRs m434240-5.2%-7.2%
InterestRs m625452-4.1%-17.2%
Profit before taxRs m10913719441.2%77.8%
TaxRs m36549372.6%156.1%
Profit after taxRs m738410121.0%39.0%
Gross profit margin%23.326.825.3
Effective tax rate%33.239.147.8
Net profit margin%8.59.710.8
* 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 4.4% on a year-on-year (YoY) basis. The expenses were up by 1.7% YoY during the same period.
  • The company's operating profit increased by 13.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.3% in 4QFY19 as against 23.3% in 4QFY18.
  • Depreciation charges declined by 7.2% and finance costs declined by 17.2% YoY, respectively.
  • Other income increased by 225.1% YoY during the quarter.
  • Net profit for the quarter increased by 39.0% YoY. Net profit margins during the quarter increased from 8.5% in 4QFY18 to 10.8% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.5% QoQ during the same period.
  • The company's operating profit declined by 4.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 25.3% in 4QFY19 as against 26.8% in 3QFY18.
  • Net profit for the quarter increased by 21.0% QoQ, while net profit margins increased from 9.8% in 3QFY18 to 10.8% in 4QFY19.

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 227.7 to Rs 183.4, registering a Loss of Rs 44.3 or around 19.5%.

Overall, the S&P BSE SENSEX is up 6.2% over the year.

Current Valuations

At the current price of Rs 183.4, the price to earnings (P/E) ratio of TAJ GVK stands at 48.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.1 times.

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