TECHNOCRAFT Announces Quarterly Results (3QFY20); Net Profit Up 21.5%

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Markets will remain closed on 26th January, 2021 on account of Republic Day.

TECHNOCRAFT Announces Quarterly Results (3QFY20); Net Profit Up 21.5%
Fri, 7 Feb

TECHNOCRAFT has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

TECHNOCRAFT Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m2,8493,0243,0611.2%7.4%
Other incomeRs m3788190117.2%409.9%
TurnoverRs m2,8863,1123,2514.5%12.6%
ExpensesRs m2,4132,5892,6803.5%11.1%
Gross profitRs m436435381-12.5%-12.6%
DepreciationRs m68961015.3%49.6%
InterestRs m6675817.9%22.0%
Profit before taxRs m34035238910.6%14.7%
TaxRs m822976167.3%-6.8%
Profit after taxRs m258324313-3.2%21.5%
Gross profit margin%15.314.412.5
Effective tax rate%24.18.119.6
Net profit margin%8.910.49.6
* 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 7.4% on a year-on-year (YoY) basis. The expenses were up by 11.1% YoY during the same period.
  • The company's operating profit declined by 12.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.5% in 3QFY20 as against 15.3% in 3QFY19.
  • Depreciation charges increased by 49.6% and finance costs increased by 22.0% YoY, respectively.
  • Other income increased by 409.9% YoY during the quarter.
  • Net profit for the quarter increased by 21.5% YoY. Net profit margins during the quarter increased from 8.9% in 3QFY19 to 9.6% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.5% QoQ during the same period.
  • The company's operating profit declined by 12.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.5% in 3QFY20 as against 14.4% in 2QFY19.
  • Net profit for the quarter declined by 3.2% QoQ, while net profit margins declined from 10.4% in 2QFY19 to 9.6% in 3QFY20.

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

Know More: Which way are the markets & the mutual fund industry headed?

TECHNOCRAFT Share Price Performance

Over the last one year,TECHNOCRAFT share price has moved down from Rs 551.6 to Rs 346.5, registering a Loss of Rs 205.1 or around 37.2%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,097.3 (down 0.8%). Over the last one year it has moved down from 17,180.5 to 17,097.3, a gain of 83 points (down 0.5%).

Overall, the S&P BSE SENSEX is up 11.4% over the year.

Current Valuations

At the current price of Rs 346.5, the price to earnings (P/E) ratio of TECHNOCRAFT stands at 8.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.0 times.

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