TRF LTD Announces Quarterly Results (1QFY20); Net Profit Up 134.3%

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TRF LTD Announces Quarterly Results (1QFY20); Net Profit Up 134.3%
Mon, 15 Jul

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

TRF LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m860928691-25.6%-19.7%
Other incomeRs m10876-93.0%-39.5%
TurnoverRs m8701,015697-31.4%-19.9%
ExpensesRs m9011,207652-46.0%-27.6%
Gross profitRs m-230-292204
DepreciationRs m12119-18.0%-21.1%
InterestRs m12623576-67.7%-40.0%
Profit before taxRs m-358-451125
TaxRs m1-12114.1%
Profit after taxRs m-359-451123
Gross profit margin%-26.8-31.529.5
Effective tax rate%-0.20.11.5
Net profit margin%-41.3-44.417.7
* 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 19.7% on a year-on-year (YoY) basis. The expenses were down by 27.6% YoY during the same period.
  • The company's operating profit declined by 188.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 29.5% in 1QFY20 as against 26.8% in 1QFY19.
  • Depreciation charges declined by 21.1% and finance costs declined by 40.0% YoY, respectively.
  • Other income declined by 39.5% YoY during the quarter.
  • Net profit for the quarter increased by 134.3% YoY. Net profit margins during the quarter increased from -41.3% in 1QFY19 to 17.7% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 25.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 46.0% QoQ during the same period.
  • The company's operating profit increased by 169.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 29.5% in 1QFY20 as against 31.5% in 4QFY19.
  • Net profit for the quarter increased by 127.3% QoQ, while net profit margins increased from -44.4% in 4QFY19 to 17.7% in 1QFY20.

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

TRF LTD Share Price Performance

Over the last one year,TRF LTD share price has moved down from Rs 205.1 to Rs 112.4, registering a Loss of Rs 92.7 or around 45.2%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,540.9 (down 0.6%). Over the last one year it has moved up from 17,799.0 to 18,540.9, a gain of 742 points (up 4.2%).

Overall, the S&P BSE SENSEX is up 6.3% over the year.

Current Valuations

At the current price of Rs 112.4, the price to book value (P/BV) ratio of TRF LTD stands at -0.6 times.

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