TAMIL NADU NEWSPRINT Announces Quarterly Results (1QFY20); Net Profit Up 212.3%

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TAMIL NADU NEWSPRINT Announces Quarterly Results (1QFY20); Net Profit Up 212.3%
Tue, 27 Aug

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

TAMIL NADU NEWSPRINT Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m9,25310,4839,511-9.3%2.8%
Other incomeRs m9910995-12.7%-4.0%
TurnoverRs m9,35210,5929,606-9.3%2.7%
ExpensesRs m7,8138,4657,349-13.2%-5.9%
Gross profitRs m1,4401,2862,16268.2%50.1%
DepreciationRs m5625655711.1%1.6%
InterestRs m589561544-3.0%-7.7%
Profit before taxRs m3882691,143324.4%194.2%
TaxRs m142135372176.2%162.8%
Profit after taxRs m247135771472.4%212.3%
Gross profit margin%15.612.322.7
Effective tax rate%36.450.032.5
Net profit margin%2.61.38.0
* 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 2.8% on a year-on-year (YoY) basis. The expenses were down by 5.9% YoY during the same period.
  • The company's operating profit increased by 50.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.7% in 1QFY20 as against 15.6% in 1QFY19.
  • Depreciation charges increased by 1.6% and finance costs declined by 7.7% YoY, respectively.
  • Other income declined by 4.0% YoY during the quarter.
  • Net profit for the quarter increased by 212.3% YoY. Net profit margins during the quarter increased from 2.6% in 1QFY19 to 8.0% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 9.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 13.2% QoQ during the same period.
  • The company's operating profit increased by 68.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.7% in 1QFY20 as against 12.3% in 4QFY19.
  • Net profit for the quarter increased by 472.4% QoQ, while net profit margins increased from 1.3% in 4QFY19 to 8.0% in 1QFY20.

To see how TAMIL NADU NEWSPRINT has performed over the last eight quarters,please visit here.

TAMIL NADU NEWSPRINT Share Price Performance

Over the last one year,TAMIL NADU NEWSPRINT share price has moved down from Rs 304.2 to Rs 188.4, registering a Loss of Rs 115.8 or around 38.1%.

Overall, the S&P BSE SENSEX is down 2.6% over the year.

Current Valuations

At the current price of Rs 188.4, the price to earnings (P/E) ratio of TAMIL NADU NEWSPRINT stands at 8.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.8 times.

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Related Views on News

TAMIL NADU NEWSPRINT Announces Quarterly Results (4QFY19); Net Profit Down 59.3% (Quarterly Result Update)

May 30, 2019 | Updated on May 30, 2019

For the quarter ended March 2019, TAMIL NADU NEWSPRINT has posted a net profit of Rs 135 m (down 59.3% YoY). Sales on the other hand came in at Rs 10 bn (down 0.2% YoY). Read on for a complete analysis of TAMIL NADU NEWSPRINT's quarterly results.

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