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.

Special Report: 3 Backdoor Stocks to Play the 15x EV Opportunity

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 2020-21 Annual Report Analysis (Annual Result Update)

Oct 18, 2021 | Updated on Oct 18, 2021

Here's an analysis of the annual report of TITAN for 2020-21. 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 (3QFY21); Net Profit Up 11.7% (Quarterly Result Update)

Feb 11, 2021 | Updated on Feb 11, 2021

For the quarter ended December 2020, TITAN has posted a net profit of Rs 5 bn (up 11.7% YoY). Sales on the other hand came in at Rs 76 bn (up 16.7% YoY). Read on for a complete analysis of TITAN's quarterly results.

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.

More Views on News

Most Popular

Is it Time to Switch from Tata Power to NTPC?(Profit Hunter)

Oct 11, 2021

Given the huge run up in Tata Power, does it make sense to switch to NTPC?

This Proxy EV Stock Just got a Power Crisis Boost(Profit Hunter)

Oct 8, 2021

After months of research, I've come across few stocks that excite me far more than the mainstream electric vehicle companies.

Rs 1 Lakh Invested in These Cryptos at the Start of 2021 Became Rs...(Views On News)

Oct 8, 2021

These cryptos would have multiplied investors' wealth by as much as 10,000% in just nine months.

Top 5 'Digital India' Stocks(Views On News)

Oct 6, 2021

These companies are leading the Government's US$1 tn 'Digital India' initiative.

5 Exciting 'Unlisted' Companies and How to Play Them(Views On News)

Oct 7, 2021

Here's how you can invest in some of the most exciting start-ups of the decade.

More

Become A Smarter Investor
In Just 5 Minutes

Multibagger Stock Guide 2022
Get our special report Multibagger Stocks Guide (2022 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

TITAN SHARE PRICE


Oct 18, 2021 (Close)

TRACK TITAN

COMPARE TITAN WITH

MARKET STATS