TINPLATE Announces Quarterly Results (2QFY20); Net Profit Up 136.5%

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TINPLATE Announces Quarterly Results (2QFY20); Net Profit Up 136.5%
Tue, 29 Oct

TINPLATE has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

TINPLATE Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m6,5795,6135,384-4.1%-18.2%
Other incomeRs m1166955-20.6%-52.5%
TurnoverRs m6,6955,6825,439-4.3%-18.8%
ExpensesRs m6,4295,3515,087-4.9%-20.9%
Gross profitRs m15026229713.0%98.0%
DepreciationRs m155161147-8.6%-5.3%
InterestRs m241512-19.8%-50.6%
Profit before taxRs m8615619223.4%123.5%
TaxRs m336866-3.5%102.0%
Profit after taxRs m548812744.2%136.5%
Gross profit margin%2.34.75.5
Effective tax rate%37.843.734.2
Net profit margin%0.81.52.3
* 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 18.2% on a year-on-year (YoY) basis. The expenses were down by 20.9% YoY during the same period.
  • The company's operating profit increased by 98.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 5.5% in 2QFY20 as against 2.3% in 2QFY19.
  • Depreciation charges declined by 5.3% and finance costs declined by 50.6% YoY, respectively.
  • Other income declined by 52.5% YoY during the quarter.
  • Net profit for the quarter increased by 136.5% YoY. Net profit margins during the quarter increased from 0.8% in 2QFY19 to 2.3% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 4.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 4.9% QoQ during the same period.
  • The company's operating profit increased by 13.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 5.5% in 2QFY20 as against 4.7% in 1QFY19.
  • Net profit for the quarter increased by 44.2% QoQ, while net profit margins increased from 1.5% in 1QFY19 to 2.3% in 2QFY20.

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

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TINPLATE Share Price Performance

Over the last one year,TINPLATE share price has moved down from Rs 155.3 to Rs 125.3, registering a Loss of Rs 30.0 or around 19.3%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 9,383.9 (up 4.2%). Over the last one year it has moved down from 12,858.7 to 9,383.9, a gain of 3,475 points (down 27.0%).

Overall, the S&P BSE SENSEX is up 16.0% over the year.

Current Valuations

At the current price of Rs 125.3, the price to earnings (P/E) ratio of TINPLATE stands at 20.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.9 times.

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TINPLATE Announces Quarterly Results (1QFY20); Net Profit Down 7.1% (Quarterly Result Update)

Jul 17, 2019 | Updated on Jul 17, 2019

For the quarter ended June 2019, TINPLATE has posted a net profit of Rs 88 m (down 7.1% YoY). Sales on the other hand came in at Rs 6 bn (down 1.3% YoY). Read on for a complete analysis of TINPLATE's quarterly results.

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TINPLATE Announces Quarterly Results (4QFY19); Net Profit Down 2.9% (Quarterly Result Update)

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For the quarter ended March 2019, TINPLATE has posted a net profit of Rs 276 m (down 2.9% YoY). Sales on the other hand came in at Rs 7 bn (up 4.7% YoY). Read on for a complete analysis of TINPLATE's quarterly results.

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