TATA GLOBAL Announces Quarterly Results (1QFY20); Net Profit Up 16.4%

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TATA GLOBAL Announces Quarterly Results (1QFY20); Net Profit Up 16.4%
Fri, 2 Aug

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

TATA GLOBAL Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m18,02617,75518,9716.9%5.2%
Other incomeRs m285352305-13.3%7.0%
TurnoverRs m18,31118,10719,2776.5%5.3%
ExpensesRs m15,53816,01216,3231.9%5.1%
Gross profitRs m2,2511,6592,56754.8%14.0%
DepreciationRs m29533046039.5%56.0%
InterestRs m12615518217.8%45.1%
Profit before taxRs m2,1161,5272,23046.1%5.4%
TaxRs m83558873925.7%-11.4%
Profit after taxRs m1,2819381,49158.9%16.4%
Gross profit margin%12.59.313.5
Effective tax rate%39.438.533.1
Net profit margin%7.05.27.7
* 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 grew 5.2% on a year-on-year (YoY) basis. The expenses were up by 5.1% YoY during the same period.
  • The company's operating profit increased by 14.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.5% in 1QFY20 as against 12.5% in 1QFY19.
  • Depreciation charges increased by 56.0% and finance costs increased by 45.1% YoY, respectively.
  • Other income increased by 7.0% YoY during the quarter.
  • Net profit for the quarter increased by 16.4% YoY. Net profit margins during the quarter increased from 7.0% in 1QFY19 to 7.7% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 6.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.9% QoQ during the same period.
  • The company's operating profit increased by 54.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.5% in 1QFY20 as against 9.3% in 4QFY19.
  • Net profit for the quarter increased by 58.9% QoQ, while net profit margins increased from 5.2% in 4QFY19 to 7.7% in 1QFY20.

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

TATA GLOBAL Share Price Performance

Over the last one year,TATA GLOBAL share price has moved up from Rs 236.0 to Rs 256.5, registering a Gain of Rs 20.6 or around 8.7%.

Overall, the S&P BSE SENSEX is down 2.3% over the year.

Current Valuations

At the current price of Rs 256.5, the price to earnings (P/E) ratio of TATA GLOBAL stands at 32.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.2 times.

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