TCI EXPRESS Announces Quarterly Results (2QFY22); Net Profit Up 44.9%

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TCI EXPRESS Announces Quarterly Results (2QFY22); Net Profit Up 44.9%
Tue, 26 Oct

TCI EXPRESS has announced its results for the quarter ended September 2021. Here is a detailed performance review of the same:

TCI EXPRESS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-20*
3
Jun-21*
3
Sep-21*
QoQ ChangeYoY Change
Net SalesRs m2,1302,2292,73422.7%28.4%
Other incomeRs m15162443.9%61.6%
TurnoverRs m2,1442,2462,75822.8%28.6%
ExpensesRs m1,8041,9082,28219.6%26.5%
Gross profitRs m32632145341.1%39.0%
DepreciationRs m2222245.8%8.8%
InterestRs m313172.7%-3.2%
Profit before taxRs m31531445043.3%42.5%
TaxRs m817610943.3%35.7%
Profit after taxRs m23523834043.3%44.9%
Gross profit margin%15.314.416.6
Effective tax rate%25.524.324.3
Net profit margin%11.010.612.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 28.4% on a year-on-year (YoY) basis. The expenses were up by 26.5% YoY during the same period.
  • The company's operating profit increased by 39.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.6% in 2QFY22 as against 15.3% in 2QFY21.
  • Depreciation charges increased by 8.8% and finance costs declined by 3.2% YoY, respectively.
  • Other income increased by 61.6% YoY during the quarter.
  • Net profit for the quarter increased by 44.9% YoY. Net profit margins during the quarter increased from 11.0% in 2QFY21 to 12.3% in 2QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 22.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 19.6% QoQ during the same period.
  • The company's operating profit increased by 41.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.6% in 2QFY22 as against 14.4% in 1QFY21.
  • Net profit for the quarter increased by 43.3% QoQ, while net profit margins increased from 10.6% in 1QFY21 to 12.3% in 2QFY22.

To see how TCI EXPRESS has performed over the last eight quarters,please visit here.

Download: Full Transcript of Lazy Millionaire

TCI EXPRESS Share Price Performance

Over the last one year, TCI EXPRESS share price has moved up from Rs 794.9 to Rs 1,830.7, registering a Gain of Rs 1,035.8 or around 130.3%.

Overall, the S&P BSE SENSEX is up 51.0% over the year.

Current Valuations

At the current price of Rs 1,830.7, the price to earnings (P/E) ratio of TCI EXPRESS stands at 52.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 16.3 times.

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TCI EXPRESS 2020-21 Annual Report Analysis (Annual Result Update)

Oct 20, 2021 | Updated on Oct 20, 2021

Here's an analysis of the annual report of TCI EXPRESS for 2020-21. It includes a full income statement, balance sheet and cash flow analysis of TCI EXPRESS. Also includes updates on the valuation of TCI EXPRESS.

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Jan 25, 2022 03:37 PM

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