TANLA SOLUTIONS Announces Quarterly Results (3QFY19); Net Profit Up 176.9%

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TANLA SOLUTIONS Announces Quarterly Results (3QFY19); Net Profit Up 176.9%
Thu, 24 Jan

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

TANLA SOLUTIONS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m2,0002,1842,81829.0%40.9%
Other incomeRs m4222724.0%530.1%
TurnoverRs m2,0042,2062,84528.9%42.0%
ExpensesRs m1,8511,9622,53829.4%37.2%
Gross profitRs m14922227925.9%87.2%
DepreciationRs m11819221712.9%83.6%
InterestRs m013437.3%0.0%
Profit before taxRs m36528769.2%145.5%
TaxRs m0-33-12
Profit after taxRs m368410018.2%176.9%
Gross profit margin%7.510.29.9
Effective tax rate%-1.1-63.2-14.0
Net profit margin%1.83.83.5
* 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 40.9% on a year-on-year (YoY) basis. The expenses were up by 37.2% YoY during the same period.
  • The company's operating profit increased by 87.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.9% in 3QFY19 as against 7.5% in 3QFY18.
  • Depreciation charges increased by 83.6% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 530.1% YoY during the quarter.
  • Net profit for the quarter increased by 176.9% YoY. Net profit margins during the quarter increased from 1.8% in 3QFY18 to 3.5% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 29.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 29.4% QoQ during the same period.
  • The company's operating profit declined by 25.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.9% in 3QFY19 as against 10.2% in 2QFY18.
  • Net profit for the quarter increased by 18.2% QoQ, while net profit margins declined from 3.8% in 2QFY18 to 3.5% in 3QFY19.

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 37.0 to Rs 32.9, registering a Loss of Rs 4.1 or around 11.1%.

Meanwhile, the S&P BSE IT Index is trading at Rs 14,734.4 (up 0.6%). Over the last one year it has moved up from 12,833.9 to 14,734.4, a gain of 1,900 points (up 14.8%).

Overall, the S&P BSE SENSEX is down 0.0% 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 22.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.5 times.

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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.

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