TRIBHOVANDAS BHIMJI Announces Quarterly Results (1QFY20); Net Profit Up 135.4%

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TRIBHOVANDAS BHIMJI Announces Quarterly Results (1QFY20); Net Profit Up 135.4%
Fri, 16 Aug

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

TRIBHOVANDAS BHIMJI Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m4,1094,1554,2983.4%4.6%
Other incomeRs m102414-41.5%37.2%
TurnoverRs m4,1204,1794,3123.2%4.7%
ExpensesRs m4,0784,0154,0410.6%-0.9%
Gross profitRs m3114025783.5%731.3%
DepreciationRs m212881185.3%285.2%
InterestRs m012114116.1%0.0%
Profit before taxRs m201550235.4%143.8%
TaxRs m7319506.5%159.0%
Profit after taxRs m131231163.7%135.4%
Gross profit margin%0.83.46.0
Effective tax rate%35.620.937.8
Net profit margin%0.30.30.7
* 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 4.6% on a year-on-year (YoY) basis. The expenses were down by 0.9% YoY during the same period.
  • The company's operating profit increased by 731.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 6.0% in 1QFY20 as against 0.8% in 1QFY19.
  • Depreciation charges increased by 285.2% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 37.2% YoY during the quarter.
  • Net profit for the quarter increased by 135.4% YoY. Net profit margins during the quarter increased from 0.3% in 1QFY19 to 0.7% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 3.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.6% QoQ during the same period.
  • The company's operating profit increased by 83.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 6.0% in 1QFY20 as against 3.4% in 4QFY19.
  • Net profit for the quarter increased by 163.7% QoQ, while net profit margins increased from 0.3% in 4QFY19 to 0.7% in 1QFY20.

To see how TRIBHOVANDAS BHIMJI has performed over the last eight quarters,please visit here.

TRIBHOVANDAS BHIMJI Share Price Performance

Over the last one year,TRIBHOVANDAS BHIMJI share price has moved down from Rs 72.2 to Rs 37.4, registering a Loss of Rs 34.9 or around 48.3%.

Overall, the S&P BSE SENSEX is down 2.0% over the year.

Current Valuations

At the current price of Rs 37.4, the price to earnings (P/E) ratio of TRIBHOVANDAS BHIMJI stands at 14.6 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

TRIBHOVANDAS BHIMJI Announces Quarterly Results (4QFY19); Net Profit Down 83.4% (Quarterly Result Update)

May 16, 2019 | Updated on May 16, 2019

For the quarter ended March 2019, TRIBHOVANDAS BHIMJI has posted a net profit of Rs 12 m (down 83.4% YoY). Sales on the other hand came in at Rs 4 bn (down 4.2% YoY). Read on for a complete analysis of TRIBHOVANDAS BHIMJI's quarterly results.

TRIBHOVANDAS BHIMJI Announces Quarterly Results (3QFY19); Net Profit Up 50.6% (Quarterly Result Update)

Feb 13, 2019 | Updated on Feb 13, 2019

For the quarter ended December 2018, TRIBHOVANDAS BHIMJI has posted a net profit of Rs 111 m (up 50.6% YoY). Sales on the other hand came in at Rs 6 bn (up 8.1% YoY). Read on for a complete analysis of TRIBHOVANDAS BHIMJI's quarterly results.

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