TITAN Announces Quarterly Results (4QFY20); Net Profit Down 1.5%

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?  

TITAN Announces Quarterly Results (4QFY20); Net Profit Down 1.5%
Wed, 10 Jun

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

TITAN Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m48,88865,27447,115-27.8%-3.6%
Other incomeRs m56322741783.8%-25.9%
TurnoverRs m49,45165,50147,532-27.4%-3.9%
ExpensesRs m44,40357,69040,991-28.9%-7.7%
Gross profitRs m4,4857,5846,125-19.2%36.6%
DepreciationRs m4088771,02116.4%150.0%
InterestRs m125447427-4.4%242.2%
Profit before taxRs m4,5156,4875,093-21.5%12.8%
TaxRs m1,0321,7401,662-4.5%61.0%
Profit after taxRs m3,4824,7463,432-27.7%-1.5%
Gross profit margin%9.211.613.0
Effective tax rate%22.926.832.6
Net profit margin%7.07.27.2
* 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 fell 3.6% on a year-on-year (YoY) basis. The expenses were down by 7.7% YoY during the same period.
  • The company's operating profit increased by 36.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.0% in 4QFY20 as against 9.2% in 4QFY19.
  • Depreciation charges increased by 150.0% and finance costs increased by 242.2% YoY, respectively.
  • Other income declined by 25.9% YoY during the quarter.
  • Net profit for the quarter declined by 1.5% YoY. Net profit margins during the quarter increased from 7.0% in 4QFY19 to 7.2% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 27.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 28.9% QoQ during the same period.
  • The company's operating profit declined by 19.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.0% in 4QFY20 as against 11.6% in 3QFY19.
  • Net profit for the quarter declined by 27.7% QoQ, while net profit margins declined from 7.2% in 3QFY19 to 7.2% in 4QFY20.

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

Before 11:59pm TONIGHT: Get Our Most Important Research for Just Rs 2950 295

TITAN Share Price Performance

Over the last one year,TITAN share price has moved down from Rs 1,273.4 to Rs 994.8, registering a Loss of Rs 278.6 or around 21.9%.

Overall, the S&P BSE SENSEX is down 14.4% over the year.

Current Valuations

At the current price of Rs 994.8, the price to earnings (P/E) ratio of TITAN stands at 59.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 14.5 times.

Equitymaster requests your view! Post a comment on "TITAN Announces Quarterly Results (4QFY20); Net Profit Down 1.5%". Click here!

  

Related Views on News

TITAN Announces Quarterly Results (2QFY21); Net Profit Down 44.6% (Quarterly Result Update)

Oct 30, 2020 | Updated on Oct 30, 2020

For the quarter ended September 2020, TITAN has posted a net profit of Rs 2 bn (down 44.6% YoY). Sales on the other hand came in at Rs 46 bn (down 2.3% YoY). Read on for a complete analysis of TITAN's quarterly results.

TITAN 2019-20 Annual Report Analysis (Annual Result Update)

Aug 7, 2020 | Updated on Aug 7, 2020

Here's an analysis of the annual report of TITAN for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of TITAN. Also includes updates on the valuation of TITAN.

TITAN Announces Quarterly Results (3QFY20); Net Profit Up 15.4% (Quarterly Result Update)

Feb 6, 2020 | Updated on Feb 6, 2020

For the quarter ended December 2019, TITAN has posted a net profit of Rs 5 bn (up 15.4% YoY). Sales on the other hand came in at Rs 65 bn (up 11.2% YoY). Read on for a complete analysis of TITAN's quarterly results.

More Views on News

Most Popular

My View on ITC(Fast Profits Daily)

Oct 23, 2020

What do the charts say about ITC?

PSU Banks Will Move Up Again(Profit Hunter)

Oct 27, 2020

My charts tell me PSU banks are set for a rebound.

PSU Stocks Are Looking Positive Now(Fast Profits Daily)

Oct 19, 2020

Has the market changed its opinion on PSUs?

One Cycle that Defines Everything in Markets(Profit Hunter)

Oct 23, 2020

Know this cycle to boost your profits in the market.

Markets are Always Right?(The Honest Truth)

Oct 30, 2020

Ajit Dayal on why you shouldn't let your guard down as an investor.

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

TITAN SHARE PRICE


Oct 30, 2020 (Close)

TRACK TITAN

COMPARE TITAN WITH

MARKET STATS