TAKE SOLUTIONS Announces Quarterly Results (2QFY20); Net Profit Down 16.1%

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TAKE SOLUTIONS Announces Quarterly Results (2QFY20); Net Profit Down 16.1%
Thu, 14 Nov

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

TAKE SOLUTIONS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m5,1595,8276,0844.4%17.9%
Other incomeRs m132865695.2%-50.5%
TurnoverRs m5,2905,8366,1495.4%16.2%
ExpensesRs m4,1054,7325,0246.2%22.4%
Gross profitRs m1,0541,0961,060-3.3%0.6%
DepreciationRs m392450405-10.0%3.3%
InterestRs m56102100-2.4%79.9%
Profit before taxRs m73855162012.5%-16.0%
TaxRs m1309011022.0%-15.2%
Profit after taxRs m60846151010.6%-16.1%
Gross profit margin%20.418.817.4
Effective tax rate%17.616.417.8
Net profit margin%11.57.98.3
* 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 17.9% on a year-on-year (YoY) basis. The expenses were up by 22.4% YoY during the same period.
  • The company's operating profit increased by 0.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.4% in 2QFY20 as against 20.4% in 2QFY19.
  • Depreciation charges increased by 3.3% and finance costs increased by 79.9% YoY, respectively.
  • Other income declined by 50.5% YoY during the quarter.
  • Net profit for the quarter declined by 16.1% YoY. Net profit margins during the quarter declined from 11.5% in 2QFY19 to 8.3% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.2% QoQ during the same period.
  • The company's operating profit declined by 3.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.4% in 2QFY20 as against 18.8% in 1QFY19.
  • Net profit for the quarter increased by 10.6% QoQ, while net profit margins increased from 7.9% in 1QFY19 to 8.3% in 2QFY20.

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

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TAKE SOLUTIONS Share Price Performance

Over the last one year,TAKE SOLUTIONS share price has moved down from Rs 159.1 to Rs 106.4, registering a Loss of Rs 52.7 or around 33.1%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,295.1 (up 0.6%). Over the last one year it has moved up from 13,986.2 to 15,295.1, a gain of 1,309 points (up 9.4%).

Overall, the S&P BSE SENSEX is up 14.4% over the year.

Current Valuations

At the current price of Rs 106.4, the price to earnings (P/E) ratio of TAKE SOLUTIONS stands at 8.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.

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For the quarter ended December 2019, TAKE SOLUTIONS has posted a net profit of Rs 511 m (up 40.6% YoY). Sales on the other hand came in at Rs 7 bn (up 24.8% YoY). Read on for a complete analysis of TAKE SOLUTIONS's quarterly results.

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