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

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TRIBHOVANDAS BHIMJI Announces Quarterly Results (4QFY19); Net Profit Down 83.4%
Thu, 16 May

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

TRIBHOVANDAS BHIMJI Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m4,3365,9174,155-29.8%-4.2%
Other incomeRs m32142476.4%-22.8%
TurnoverRs m4,3685,9314,179-29.5%-4.3%
ExpensesRs m4,1465,6164,015-28.5%-3.2%
Gross profitRs m190301140-53.5%-26.1%
DepreciationRs m2127285.2%33.6%
InterestRs m991181212.8%22.9%
Profit before taxRs m10117015-91.3%-85.4%
TaxRs m31593-94.8%-90.0%
Profit after taxRs m7011112-89.5%-83.4%
Gross profit margin%4.45.13.4
Effective tax rate%30.534.720.9
Net profit margin%1.61.90.3
* 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 fell 4.2% on a year-on-year (YoY) basis. The expenses were down by 3.2% YoY during the same period.
  • The company's operating profit declined by 26.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.4% in 4QFY19 as against 4.4% in 4QFY18.
  • Depreciation charges increased by 33.6% and finance costs increased by 22.9% YoY, respectively.
  • Other income declined by 22.8% YoY during the quarter.
  • Net profit for the quarter declined by 83.4% YoY. Net profit margins during the quarter declined from 1.6% in 4QFY18 to 0.3% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 29.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 28.5% QoQ during the same period.
  • The company's operating profit declined by 53.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.4% in 4QFY19 as against 5.1% in 3QFY18.
  • Net profit for the quarter declined by 89.5% QoQ, while net profit margins declined from 1.9% in 3QFY18 to 0.3% in 4QFY19.

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 up from Rs 96.2 to Rs 51.1, registering a Loss of Rs 45.1 or around 46.9%.

Overall, the S&P BSE SENSEX is up 4.5% over the year.

Current Valuations

At the current price of Rs 51.1, the price to earnings (P/E) ratio of TRIBHOVANDAS BHIMJI stands at 22.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.7 times.

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Related Views on News

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

Aug 16, 2019 | Updated on Aug 16, 2019

For the quarter ended June 2019, TRIBHOVANDAS BHIMJI has posted a net profit of Rs 31 m (up 135.4% YoY). Sales on the other hand came in at Rs 4 bn (up 4.6% YoY). Read on for a complete analysis of TRIBHOVANDAS BHIMJI's quarterly results.

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