TILAKNAGAR IND. Announces Quarterly Results (1QFY20); Net Profit Up 5.7%

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TILAKNAGAR IND. Announces Quarterly Results (1QFY20); Net Profit Up 5.7%
Tue, 13 Aug

TILAKNAGAR IND. has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

TILAKNAGAR IND. Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m3,2674,0173,232-19.5%-1.1%
Other incomeRs m121413-7.2%9.7%
TurnoverRs m3,2794,0323,245-19.5%-1.0%
ExpensesRs m3,1843,8003,070-19.2%-3.6%
Gross profitRs m84217162-25.6%93.3%
DepreciationRs m938882-6.3%-11.1%
InterestRs m395477462-3.1%17.0%
Profit before taxRs m-392-333-370
TaxRs m0-4100.0%
Profit after taxRs m-392-292-370
Gross profit margin%2.65.45.0
Effective tax rate%0.012.30.0
Net profit margin%-11.9-7.3-11.4
* 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 fell 1.1% on a year-on-year (YoY) basis. The expenses were down by 3.6% YoY during the same period.
  • The company's operating profit increased by 93.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 5.0% in 1QFY20 as against 2.6% in 1QFY19.
  • Depreciation charges declined by 11.1% and finance costs increased by 17.0% YoY, respectively.
  • Other income increased by 9.7% YoY during the quarter.
  • Net profit for the quarter increased by 5.7% YoY. Net profit margins during the quarter increased from -11.9% in 1QFY19 to -11.4% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 19.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 19.2% QoQ during the same period.
  • The company's operating profit declined by 25.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.0% in 1QFY20 as against 5.4% in 4QFY19.
  • Net profit for the quarter declined by 26.4% QoQ, while net profit margins declined from -7.2% in 4QFY19 to -11.4% in 1QFY20.

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

TILAKNAGAR IND. Share Price Performance

Over the last one year,TILAKNAGAR IND. share price has moved down from Rs 15.4 to Rs 13.2, registering a Loss of Rs 2.2 or around 14.3%.

Overall, the S&P BSE SENSEX is down 1.3% over the year.

Current Valuations

At the current price of Rs 13.2, the price to book value (P/BV) ratio of TILAKNAGAR IND. stands at -1.3 times.

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