X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
TECH MAHINDRA Announces Quarterly Results (3QFY19); Net Profit Up 30.6%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

TECH MAHINDRA Announces Quarterly Results (3QFY19); Net Profit Up 30.6%
Wed, 13 Feb

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

TECH MAHINDRA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m77,76086,29989,4373.6%15.0%
Other incomeRs m2,2501,751806-54.0%-64.2%
TurnoverRs m80,01088,04990,2432.5%12.8%
ExpensesRs m65,11470,11172,2113.0%10.9%
Gross profitRs m12,64616,18817,0945.6%35.2%
DepreciationRs m2,7422,9442,836-3.7%3.4%
InterestRs m341388358-7.7%5.0%
Profit before taxRs m11,81414,60614,7060.7%24.5%
TaxRs m2,5703,9142,638-32.6%2.6%
Profit after taxRs m9,24310,69212,06812.9%30.6%
Gross profit margin%16.318.819.1
Effective tax rate%21.826.817.9
Net profit margin%11.612.113.4
* 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 15.0% on a year-on-year (YoY) basis. The expenses were up by 10.9% YoY during the same period.
  • The company's operating profit increased by 35.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.1% in 3QFY19 as against 16.3% in 3QFY18.
  • Depreciation charges increased by 3.4% and finance costs increased by 5.0% YoY, respectively.
  • Other income declined by 64.2% YoY during the quarter.
  • Net profit for the quarter increased by 30.6% YoY. Net profit margins during the quarter increased from 11.6% in 3QFY18 to 13.4% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 3.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.0% QoQ during the same period.
  • The company's operating profit increased by 5.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.1% in 3QFY19 as against 18.8% in 2QFY18.
  • Net profit for the quarter increased by 12.9% QoQ, while net profit margins increased from 12.1% in 2QFY18 to 13.4% in 3QFY19.

To see how TECH MAHINDRA has performed over the last eight quarters, please visit here.

TECH MAHINDRA Share Price Performance

Over the last one year, TECH MAHINDRA share price has moved up from Rs 589.3 to Rs 803.4, registering a Gain of Rs 214.1 or around 36.3%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,580.5 (up 0.5%). Over the last one year it has moved up from 12,064.5 to 15,580.5, a gain of 3,516 points (up 29.1%).

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

Current Valuations

At the current price of Rs 803.4, the price to earnings (P/E) ratio of TECH MAHINDRA stands at 17.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.1 times.

Equitymaster requests your view! Post a comment on "TECH MAHINDRA Announces Quarterly Results (3QFY19); Net Profit Up 30.6%". Click here!

  

Related Views on News

TECH MAHINDRA Announces Quarterly Results (2QFY19); Net Profit Up 27.4% (Quarterly Result Update)

Nov 6, 2018 | Updated on Nov 6, 2018

For the quarter ended September 2018, TECH MAHINDRA has posted a net profit of Rs 11 bn (up 27.4% YoY). Sales on the other hand came in at Rs 86 bn (up 13.5% YoY). Read on for a complete analysis of TECH MAHINDRA's quarterly results.

TECH MAHINDRA Announces Quarterly Results (1QFY19); Net Profit Up 15.1% (Quarterly Result Update)

Aug 1, 2018 | Updated on Aug 1, 2018

For the quarter ended June 2018, TECH MAHINDRA has posted a net profit of Rs 9 bn (up 15.1% YoY). Sales on the other hand came in at Rs 83 bn (up 12.8% YoY). Read on for a complete analysis of TECH MAHINDRA's quarterly results.

Tech Mahindra: Rapid Recovery Underway (Quarterly Results Update - Detailed)

Nov 2, 2017

Tech Mahindra moves strongly on the recovery path.

Tech Mahindra: Our Revised View (Quarterly Results Update - Detailed)

Aug 2, 2017

A better than expected turnaround in performance results in a change in view.

Tech Mahindra: A Bad End to the Year (Quarterly Results Update - Detailed)

May 29, 2017

One-off expenses and restructuring costs negatively impact performance.

More Views on News

Most Popular

Stocks that Could Be Out of Reach Post Elections(The 5 Minute Wrapup)

Apr 9, 2019

It's a matter of time before the stocks catch the fancy of the markets and big investors.

3 Indian Stocks with Amazon-Like Potential(Profit Hunter)

Apr 10, 2019

We have identified 3 stocks with huge wealth building potential which meet our 'Click of a Button' criteria.

This Company is Making a Big Comeback and You Can Now Profit from Its Example(The 5 Minute Wrapup)

Apr 10, 2019

How Dell got its mojo back.

This is Why the Stock of Jubilant FoodWorks Went Up 1,160%(The 5 Minute Wrapup)

Apr 12, 2019

This critical business strategy has enabled companies to scale their operations faster.

Pocketing Massive Gains with HDFC And HDFC Bank(Profit Hunter)

Apr 12, 2019

Here's how one could have generated gains of Rs 59,250 in 10 days by trading HDFC and HDFC Bank with a capital of Rs 4 lakh.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

TECH MAHINDRA SHARE PRICE


Apr 22, 2019 03:21 PM

TRACK TECH MAHINDRA

  • Track your investment in TECH MAHINDRA with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

TECH MAHINDRA - PRITHVI INFO COMPARISON

COMPARE TECH MAHINDRA WITH

MARKET STATS