TAKE SOLUTIONS Announces Quarterly Results (3QFY20); Net Profit Up 40.6%

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TAKE SOLUTIONS Announces Quarterly Results (3QFY20); Net Profit Up 40.6%
Fri, 14 Feb

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

TAKE SOLUTIONS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m5,2166,0846,5117.0%24.8%
Other incomeRs m276534-47.1%27.7%
TurnoverRs m5,2436,1496,5456.5%24.8%
ExpensesRs m4,3345,0245,4288.0%25.2%
Gross profitRs m8821,0601,0832.2%22.8%
DepreciationRs m4154054111.4%-1.1%
InterestRs m551001087.6%96.3%
Profit before taxRs m439620599-3.3%36.5%
TaxRs m7511088-20.2%16.4%
Profit after taxRs m3645105110.3%40.6%
Gross profit margin%16.917.416.6
Effective tax rate%17.217.814.7
Net profit margin%6.98.37.8
* 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 24.8% on a year-on-year (YoY) basis. The expenses were up by 25.2% YoY during the same period.
  • The company's operating profit increased by 22.8% YoY during the quarter. Consequently, operating profit margins remained same and stood at 16.6% in 3QFY20.
  • Depreciation charges declined by 1.1% and finance costs increased by 96.3% YoY, respectively.
  • Other income increased by 27.7% YoY during the quarter.
  • Net profit for the quarter increased by 40.6% YoY. Net profit margins during the quarter increased from 6.9% in 3QFY19 to 7.8% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 7.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 8.0% QoQ during the same period.
  • The company's operating profit increased by 2.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.6% in 3QFY20 as against 17.4% in 2QFY19.
  • Net profit for the quarter increased by 0.3% QoQ, while net profit margins declined from 8.3% in 2QFY19 to 7.8% in 3QFY20.

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

Get Details: We are Bullish on These 3 Little-known Stocks

TAKE SOLUTIONS Share Price Performance

Over the last one year,TAKE SOLUTIONS share price has moved down from Rs 113.7 to Rs 102.0, registering a Loss of Rs 11.7 or around 10.3%.

Meanwhile, the S&P BSE IT Index is trading at Rs 16,390.8 (up 0.1%). Over the last one year it has moved up from 15,411.9 to 16,390.8, a gain of 979 points (up 6.4%).

Overall, the S&P BSE SENSEX is up 14.5% over the year.

Current Valuations

At the current price of Rs 102.0, the price to earnings (P/E) ratio of TAKE SOLUTIONS stands at 7.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.8 times.

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

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For the quarter ended September 2019, TAKE SOLUTIONS has posted a net profit of Rs 510 m (down 16.1% YoY). Sales on the other hand came in at Rs 6 bn (up 17.9% YoY). Read on for a complete analysis of TAKE SOLUTIONS's quarterly results.

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For the quarter ended June 2019, TAKE SOLUTIONS has posted a net profit of Rs 461 m (down 14.9% YoY). Sales on the other hand came in at Rs 6 bn (up 24.6% YoY). Read on for a complete analysis of TAKE SOLUTIONS's quarterly results.

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