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TAKE SOLUTIONS Announces Quarterly Results (2QFY19); Net Profit Up 65.7%

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TAKE SOLUTIONS Announces Quarterly Results (2QFY19); Net Profit Up 65.7%
Mon, 5 Nov

TAKE SOLUTIONS has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

TAKE SOLUTIONS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m3,7094,6755,15910.3%39.1%
Other incomeRs m118513255.0%1101.0%
TurnoverRs m3,7204,7605,29011.1%42.2%
ExpensesRs m3,0103,7434,1059.7%36.4%
Gross profitRs m7009321,05413.1%50.7%
DepreciationRs m23333139218.6%68.5%
InterestRs m5552566.3%0.7%
Profit before taxRs m42363473816.3%74.6%
TaxRs m569313040.3%133.1%
Profit after taxRs m36754260812.2%65.7%
Gross profit margin%18.919.920.4
Effective tax rate%13.214.617.6
Net profit margin%9.911.411.5
* 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 39.1% on a year-on-year (YoY) basis. The expenses were up by 36.4% YoY during the same period.
  • The company's operating profit increased by 50.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.4% in 2QFY19 as against 18.9% in 2QFY18.
  • Depreciation charges increased by 68.5% and finance costs increased by 0.7% YoY, respectively.
  • Other income increased by 1101.0% YoY during the quarter.
  • Net profit for the quarter increased by 65.7% YoY. Net profit margins during the quarter increased from 9.9% in 2QFY18 to 11.5% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 10.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 9.7% QoQ during the same period.
  • The company's operating profit increased by 13.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.4% in 2QFY19 as against 19.9% in 1QFY18.
  • Net profit for the quarter increased by 12.2% QoQ, while net profit margins increased from 11.4% in 1QFY18 to 11.5% in 2QFY19.

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 up from Rs 167.5 to Rs 151.0, registering a Loss of Rs 16.5 or around 9.8%.

Meanwhile, the S&P BSE IT Index is trading at Rs 14,084.9 (down 0.0%). Over the last one year it has moved up from 10,383.0 to 14,084.9, a gain of 3,702 points (up 35.7%).

Overall, the S&P BSE SENSEX is up 4.0% over the year.

Current Valuations

At the current price of Rs 151.0, the price to earnings (P/E) ratio of TAKE SOLUTIONS stands at 9.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.9 times.

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