TANLA SOLUTIONS Announces Quarterly Results (2QFY19); Net Profit Up 15.7%

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TANLA SOLUTIONS Announces Quarterly Results (2QFY19); Net Profit Up 15.7%
Mon, 12 Nov

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

TANLA SOLUTIONS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m1,9821,8582,18417.6%10.2%
Other incomeRs m1182221.6%2563.9%
TurnoverRs m1,9821,8762,20617.6%11.3%
ExpensesRs m1,8011,6751,96217.2%9.0%
Gross profitRs m18118322221.2%22.8%
DepreciationRs m11812019259.3%62.8%
InterestRs m0010.0%0.0%
Profit before taxRs m648152-36.0%-18.8%
TaxRs m-964-33-151.1%
Profit after taxRs m731784402.1%15.7%
Gross profit margin%9.19.910.2
Effective tax rate%-14.679.2-63.2
Net profit margin%3.70.93.8
* 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 10.2% on a year-on-year (YoY) basis. The expenses were up by 9.0% YoY during the same period.
  • The company's operating profit increased by 22.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.2% in 2QFY19 as against 9.1% in 2QFY18.
  • Depreciation charges increased by 62.8% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 2563.9% YoY during the quarter.
  • Net profit for the quarter increased by 15.7% YoY. Net profit margins during the quarter increased from 3.7% in 2QFY18 to 3.8% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 17.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 17.2% QoQ during the same period.
  • The company's operating profit increased by 21.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.2% in 2QFY19 as against 9.9% in 1QFY18.
  • Net profit for the quarter increased by 402.1% QoQ, while net profit margins increased from 0.9% in 1QFY18 to 3.8% in 2QFY19.

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 31.8 to Rs 32.9, registering a Gain of Rs 1.2 or around 3.6%.

Meanwhile, the S&P BSE IT Index is trading at Rs 14,418.4 (up 1.6%). Over the last one year it has moved up from 10,732.6 to 14,418.4, a gain of 3,686 points (up 34.3%).

Overall, the S&P BSE SENSEX is up 5.8% over the year.

Current Valuations

At the current price of Rs 32.9, the price to earnings (P/E) ratio of TANLA SOLUTIONS stands at 39.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.5 times.

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Related Views on News

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

Aug 2, 2019 | Updated on Aug 2, 2019

For the quarter ended June 2019, TANLA SOLUTIONS has posted a net profit of Rs 755 m (down 4594.8% YoY). Sales on the other hand came in at Rs 4 bn (up 112.3% YoY). Read on for a complete analysis of TANLA SOLUTIONS's quarterly results.

TANLA SOLUTIONS Announces Quarterly Results (4QFY19); Net Profit Up 292.5% (Quarterly Result Update)

May 7, 2019 | Updated on May 7, 2019

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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