TAKE SOLUTIONS Announces Quarterly Results (1QFY20); Net Profit Down 14.9%

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TAKE SOLUTIONS Announces Quarterly Results (1QFY20); Net Profit Down 14.9%
Tue, 13 Aug

TAKE SOLUTIONS has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

TAKE SOLUTIONS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m4,6755,3395,8279.1%24.6%
Other incomeRs m85198-58.0%-90.4%
TurnoverRs m4,7605,3595,8368.9%22.6%
ExpensesRs m3,7434,5294,7324.5%26.4%
Gross profitRs m9328111,09635.1%17.5%
DepreciationRs m33139745013.3%36.2%
InterestRs m528710217.2%95.8%
Profit before taxRs m63434655159.5%-13.1%
TaxRs m93759020.4%-2.4%
Profit after taxRs m54227146170.3%-14.9%
Gross profit margin%19.915.218.8
Effective tax rate%14.621.716.4
Net profit margin%11.45.07.9
* 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 24.6% on a year-on-year (YoY) basis. The expenses were up by 26.4% YoY during the same period.
  • The company's operating profit increased by 17.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.8% in 1QFY20 as against 19.9% in 1QFY19.
  • Depreciation charges increased by 36.2% and finance costs increased by 95.8% YoY, respectively.
  • Other income declined by 90.4% YoY during the quarter.
  • Net profit for the quarter declined by 14.9% YoY. Net profit margins during the quarter declined from 11.4% in 1QFY19 to 7.9% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 9.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.5% QoQ during the same period.
  • The company's operating profit increased by 35.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.8% in 1QFY20 as against 15.2% in 4QFY19.
  • Net profit for the quarter increased by 70.3% QoQ, while net profit margins increased from 5.1% in 4QFY19 to 7.9% in 1QFY20.

To see how TAKE SOLUTIONS has performed over the last eight quarters,please visit here.

TAKE SOLUTIONS Share Price Performance

Over the last one year,TAKE SOLUTIONS share price has moved down from Rs 205.2 to Rs 102.7, registering a Loss of Rs 102.6 or around 50.0%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,709.4 (down 1.2%). Over the last one year it has moved up from 14,865.8 to 15,709.4, a gain of 844 points (up 5.7%).

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

Current Valuations

At the current price of Rs 102.7, the price to earnings (P/E) ratio of TAKE SOLUTIONS stands at 7.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.8 times.

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