TECH MAHINDRA Announces Quarterly Results (4QFY20); Net Profit Down 35.7%

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 (4QFY20); Net Profit Down 35.7%
Mon, 4 May

TECH MAHINDRA has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:

TECH MAHINDRA Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m88,92396,54694,902-1.7%6.7%
Other incomeRs m1,6713,4962,852-18.4%70.7%
TurnoverRs m90,594100,04297,754-2.3%7.9%
ExpensesRs m72,53680,91383,5993.3%15.3%
Gross profitRs m16,11515,63811,303-27.7%-29.9%
DepreciationRs m2,7043,8483,9823.5%47.3%
InterestRs m281550532-3.3%89.3%
Profit before taxRs m14,80114,7369,641-34.6%-34.9%
TaxRs m3,5353,6292,392-34.1%-32.3%
Profit after taxRs m11,26611,1077,249-34.7%-35.7%
Gross profit margin%18.116.211.9
Effective tax rate%23.924.624.8
Net profit margin%12.411.17.4
* 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 6.7% on a year-on-year (YoY) basis. The expenses were up by 15.3% YoY during the same period.
  • The company's operating profit declined by 29.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.9% in 4QFY20 as against 18.1% in 4QFY19.
  • Depreciation charges increased by 47.3% and finance costs increased by 89.3% YoY, respectively.
  • Other income increased by 70.7% YoY during the quarter.
  • Net profit for the quarter declined by 35.7% YoY. Net profit margins during the quarter declined from 12.4% in 4QFY19 to 7.4% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.3% QoQ during the same period.
  • The company's operating profit declined by 27.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.9% in 4QFY20 as against 16.2% in 3QFY19.
  • Net profit for the quarter declined by 34.7% QoQ, while net profit margins declined from 11.1% in 3QFY19 to 7.4% in 4QFY20.

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

Revealed: Top 3 Stocks for 2020 and Beyond

TECH MAHINDRA Share Price Performance

Over the last one year,TECH MAHINDRA share price has moved down from Rs 816.6 to Rs 504.9, registering a Loss of Rs 311.7 or around 38.2%.

Meanwhile, the S&P BSE IT Index is trading at Rs 13,624.4 (down 4.3%). Over the last one year it has moved down from 15,660.0 to 13,624.4, a loss of 2,036 points (down 13.0%).

Overall, the S&P BSE SENSEX is down 18.1% over the year.

Current Valuations

At the current price of Rs 504.9, the price to earnings (P/E) ratio of TECH MAHINDRA stands at 12.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.4 times.

Equitymaster requests your view! Post a comment on "TECH MAHINDRA Announces Quarterly Results (4QFY20); Net Profit Down 35.7%". Click here!

  

Related Views on News

TECH MAHINDRA Announces Quarterly Results (1QFY21); Net Profit Down 0.1% (Quarterly Result Update)

Jul 30, 2020 | Updated on Jul 30, 2020

For the quarter ended June 2020, TECH MAHINDRA has posted a net profit of Rs 10 bn (down 0.1% YoY). Sales on the other hand came in at Rs 91 bn (up 5.2% YoY). Read on for a complete analysis of TECH MAHINDRA's quarterly results.

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 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

These 5 Smallcaps Deserve a Place in Your Coffee Can Portfolio(Profit Hunter)

Jul 28, 2020

When it comes to quality stocks, doing less is more.

Before You Buy Your First Electric Vehicle Consider Buying this Stock(Profit Hunter)

Jul 29, 2020

As competition intensifies in the electric vehicle space, only few will create huge wealth over the years.

Gold or Silver: Which One Should You Buy Now?(Fast Profits Daily)

Jul 24, 2020

Silver and gold are both vying for your attention. Which is the better trade today?

A Zero Loss Strategy that Also Maximizes Returns in Volatile Stock Markets(Views On News)

Jul 24, 2020

Here's how to never lose money in stock markets.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

TECH MAHINDRA SHARE PRICE


Aug 6, 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 - CHINASOFT COMPARISON

COMPARE TECH MAHINDRA WITH

MARKET STATS