TECH MAHINDRA Announces Quarterly Results (4QFY19); Net Profit Down 8.5%

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 (4QFY19); Net Profit Down 8.5%
Fri, 24 May

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

TECH MAHINDRA Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m80,54589,43788,923-0.6%10.4%
Other incomeRs m4,5138061,671107.3%-63.0%
TurnoverRs m85,05890,24390,5940.4%6.5%
ExpensesRs m66,42672,21172,5360.5%9.2%
Gross profitRs m14,11917,09416,115-5.7%14.1%
DepreciationRs m2,9862,8362,704-4.7%-9.5%
InterestRs m527358281-21.5%-46.7%
Profit before taxRs m15,11814,70614,8010.6%-2.1%
TaxRs m2,8102,6383,53534.0%25.8%
Profit after taxRs m12,30812,06811,266-6.6%-8.5%
Gross profit margin%17.519.118.1
Effective tax rate%18.617.923.9
Net profit margin%14.513.412.4
* 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 10.4% on a year-on-year (YoY) basis. The expenses were up by 9.2% YoY during the same period.
  • The company's operating profit increased by 14.1% YoY during the quarter. Consequently, operating profit margins remained same and stood at 18.1% in 4QFY19.
  • Depreciation charges declined by 9.5% and finance costs declined by 46.7% YoY, respectively.
  • Other income declined by 63.0% YoY during the quarter.
  • Net profit for the quarter declined by 8.5% YoY. Net profit margins during the quarter declined from 14.5% in 4QFY18 to 12.4% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.5% QoQ during the same period.
  • The company's operating profit declined by 5.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.1% in 4QFY19 as against 19.1% in 3QFY18.
  • Net profit for the quarter declined by 6.6% QoQ, while net profit margins declined from 13.4% in 3QFY18 to 12.4% in 4QFY19.

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 710.4 to Rs 735.5, registering a Gain of Rs 25.1 or around 3.5%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,035.2 (down 0.2%). Over the last one year it has moved up from 13,529.5 to 15,035.2, a gain of 1,506 points (up 11.1%).

Overall, the S&P BSE SENSEX is up 13.3% over the year.

Current Valuations

At the current price of Rs 735.5, the price to earnings (P/E) ratio of TECH MAHINDRA stands at 16.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.8 times.

Equitymaster requests your view! Post a comment on "TECH MAHINDRA Announces Quarterly Results (4QFY19); Net Profit Down 8.5%". Click here!

  

Related Views on News

TECH MAHINDRA Announces Quarterly Results (2QFY20); Net Profit Up 3.9% (Quarterly Result Update)

Nov 8, 2019 | Updated on Nov 8, 2019

For the quarter ended September 2019, TECH MAHINDRA has posted a net profit of Rs 11 bn (up 3.9% YoY). Sales on the other hand came in at Rs 91 bn (up 5.1% YoY). Read on for a complete analysis of TECH MAHINDRA's quarterly results.

TECH MAHINDRA Announces Quarterly Results (1QFY20); Net Profit Up 5.0% (Quarterly Result Update)

Jul 31, 2019 | Updated on Jul 31, 2019

For the quarter ended June 2019, TECH MAHINDRA has posted a net profit of Rs 10 bn (up 5.0% YoY). Sales on the other hand came in at Rs 87 bn (up 4.6% YoY). Read on for a complete analysis of TECH MAHINDRA's quarterly results.

TECH MAHINDRA 2018-19 Annual Report Analysis (Annual Result Update)

Jul 9, 2019 | Updated on Jul 9, 2019

Here's an analysis of the annual report of TECH MAHINDRA for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of TECH MAHINDRA. Also includes updates on the valuation of TECH MAHINDRA.

More Views on News

Most Popular

My Latest Stock Recommendation(Fast Profits Daily)

Jan 10, 2020

The story behind my latest stock recommendation and an important announcement.

Saffron Curtain = Hindutva Rate of Growth?(The Honest Truth)

Jan 8, 2020

Will the Indian economy revert to a sub-3% growth rate?

Bet on These Smallcap Stocks for Success in 2020(Profit Hunter)

Jan 14, 2020

The smallcap rebound finally seems to here... Make sure you aren't too late to make the most of the biggest wealth making opportunity in a decade.

Your Safe Income Options for 2020(Fast Profits Daily)

Jan 9, 2020

What are you safest investing options in 2020 when interest rates fall.

Guess Which Stocks Are Rising at Double the Speed of Sensex(Profit Hunter)

Jan 15, 2020

These stocks can move twice as fast as the Sensex - to take advantage of their money multiplying power get in now as the rally is still just taking shape.. read more to not miss out.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get our special report, Secret to Increasing Your Trading Profits Today Now!
We will never sell or rent your email id.
Please read our Terms

TECH MAHINDRA SHARE PRICE


Jan 21, 2020 (Close)

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 5-YR ANALYSIS

COMPARE TECH MAHINDRA WITH

MARKET STATS