TAKE SOLUTIONS Announces Quarterly Results (4QFY19); Net Profit Down 40.5%

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TAKE SOLUTIONS Announces Quarterly Results (4QFY19); Net Profit Down 40.5%
Tue, 21 May

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

TAKE SOLUTIONS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m4,5395,2165,3392.4%17.6%
Other incomeRs m292719-27.7%-32.1%
TurnoverRs m4,5685,2435,3592.2%17.3%
ExpensesRs m3,6344,3344,5294.5%24.6%
Gross profitRs m905882811-8.1%-10.4%
DepreciationRs m322415397-4.4%23.4%
InterestRs m55558759.4%58.5%
Profit before taxRs m557439346-21.3%-37.9%
TaxRs m1027575-0.6%-26.5%
Profit after taxRs m455364271-25.6%-40.5%
Gross profit margin%19.916.915.2
Effective tax rate%18.317.221.7
Net profit margin%10.06.95.0
* 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 17.6% on a year-on-year (YoY) basis. The expenses were up by 24.6% YoY during the same period.
  • The company's operating profit declined by 10.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.2% in 4QFY19 as against 19.9% in 4QFY18.
  • Depreciation charges increased by 23.4% and finance costs increased by 58.5% YoY, respectively.
  • Other income declined by 32.1% YoY during the quarter.
  • Net profit for the quarter declined by 40.5% YoY. Net profit margins during the quarter declined from 10.0% in 4QFY18 to 5.0% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.5% QoQ during the same period.
  • The company's operating profit declined by 8.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.2% in 4QFY19 as against 16.9% in 3QFY18.
  • Net profit for the quarter declined by 25.6% QoQ, while net profit margins declined from 6.9% in 3QFY18 to 5.0% in 4QFY19.

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 206.2 to Rs 139.6, registering a Loss of Rs 66.6 or around 32.3%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,444.9 (down 0.5%). Over the last one year it has moved up from 13,223.1 to 15,444.9, a gain of 2,222 points (up 16.8%).

Overall, the S&P BSE SENSEX is up 14.0% over the year.

Current Valuations

At the current price of Rs 139.6, the price to earnings (P/E) ratio of TAKE SOLUTIONS stands at 9.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.3 times.

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