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TITAN COMPANY Announces Quarterly Results (3QFY19); Net Profit Up 46.0%

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TITAN COMPANY Announces Quarterly Results (3QFY19); Net Profit Up 46.0%
Mon, 4 Feb

TITAN COMPANY has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

TITAN COMPANY Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m42,74845,67258,71528.6%37.3%
Other incomeRs m213279626124.4%193.7%
TurnoverRs m42,96245,95159,34129.1%38.1%
ExpensesRs m38,52440,98352,80328.8%37.1%
Gross profitRs m4,2214,6895,91226.1%40.1%
DepreciationRs m349428385-10.1%10.2%
InterestRs m10913515716.2%43.5%
Profit before taxRs m3,9754,4055,99736.1%50.9%
TaxRs m1,1591,3771,88536.9%62.6%
Profit after taxRs m2,8163,0284,11235.8%46.0%
Gross profit margin%9.910.310.1
Effective tax rate%29.231.331.4
Net profit margin%6.66.66.9
* 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 37.3% on a year-on-year (YoY) basis. The expenses were up by 37.1% YoY during the same period.
  • The company's operating profit increased by 40.1% YoY during the quarter. Consequently, operating profit margins remained same and stood at 10.1% in 3QFY19.
  • Depreciation charges increased by 10.2% and finance costs increased by 43.5% YoY, respectively.
  • Other income increased by 193.7% YoY during the quarter.
  • Net profit for the quarter increased by 46.0% YoY. Net profit margins during the quarter increased from 6.6% in 3QFY18 to 6.9% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 28.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 28.8% QoQ during the same period.
  • The company's operating profit declined by 26.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.1% in 3QFY19 as against 10.3% in 2QFY18.
  • Net profit for the quarter increased by 35.8% QoQ, while net profit margins increased from 6.6% in 2QFY18 to 6.9% in 3QFY19.

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

TITAN COMPANY Share Price Performance

Over the last one year, TITAN COMPANY share price has moved up from Rs 822.2 to Rs 1,041.0, registering a Gain of Rs 218.8 or around 26.6%.

Overall, the S&P BSE SENSEX is up 1.1% over the year.

Current Valuations

At the current price of Rs 1,041.0, the price to earnings (P/E) ratio of TITAN COMPANY stands at 68.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 18.2 times.

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