TANLA SOLUTIONS Announces Quarterly Results (1QFY20); Net Profit Down 4594.8%

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TANLA SOLUTIONS Announces Quarterly Results (1QFY20); Net Profit Down 4594.8%
Fri, 2 Aug

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

TANLA SOLUTIONS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m1,8583,1793,94624.1%112.3%
Other incomeRs m18384722.8%159.5%
TurnoverRs m1,8763,2183,99324.1%112.8%
ExpensesRs m1,6752,8973,63325.4%116.9%
Gross profitRs m18328331310.7%71.0%
DepreciationRs m1202031,536655.6%1175.6%
InterestRs m00150.0%0.0%
Profit before taxRs m81118-1,191-1110.4%-1574.3%
TaxRs m6417-436-2596.5%-781.5%
Profit after taxRs m17100-755-851.9%-4594.8%
Gross profit margin%9.98.97.9
Effective tax rate%79.214.836.6
Net profit margin%0.93.1-18.9
* 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 112.3% on a year-on-year (YoY) basis. The expenses were up by 116.9% YoY during the same period.
  • The company's operating profit increased by 71.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.9% in 1QFY20 as against 9.9% in 1QFY19.
  • Depreciation charges increased by 1175.6% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 159.5% YoY during the quarter.
  • Net profit for the quarter declined by 4594.8% YoY. Net profit margins during the quarter declined from 0.9% in 1QFY19 to -18.9% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 24.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 25.4% QoQ during the same period.
  • The company's operating profit declined by 10.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.9% in 1QFY20 as against 8.9% in 4QFY19.
  • Net profit for the quarter declined by 851.9% QoQ, while net profit margins declined from 3.1% in 4QFY19 to -18.9% in 1QFY20.

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

TANLA SOLUTIONS Share Price Performance

Over the last one year,TANLA SOLUTIONS share price has moved up from Rs 39.6 to Rs 52.9, registering a Gain of Rs 13.3 or around 33.6%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,454.1 (up 0.1%). Over the last one year it has moved up from 14,497.2 to 15,454.1, a gain of 957 points (up 6.6%).

Overall, the S&P BSE SENSEX is down 2.3% over the year.

Current Valuations

At the current price of Rs 52.9, the price to book value (P/BV) ratio of TANLA SOLUTIONS stands at 0.8 times.

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For the quarter ended March 2019, TANLA SOLUTIONS has posted a net profit of Rs 100 m (up 292.5% YoY). Sales on the other hand came in at Rs 3 bn (up 52.9% YoY). Read on for a complete analysis of TANLA SOLUTIONS's quarterly results.

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