TATA GLOBAL Announces Quarterly Results (3QFY20); Net Profit Up 15.8%

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TATA GLOBAL Announces Quarterly Results (3QFY20); Net Profit Up 15.8%
Thu, 6 Feb

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

TATA GLOBAL Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m19,12618,34119,6197.0%2.6%
Other incomeRs m2262532602.6%14.9%
TurnoverRs m19,35218,59419,8796.9%2.7%
ExpensesRs m17,16415,99417,2237.7%0.3%
Gross profitRs m1,9622,3322,3882.4%21.7%
DepreciationRs m2964684925.0%65.9%
InterestRs m130201192-4.2%48.4%
Profit before taxRs m1,7621,9161,9642.5%11.4%
TaxRs m54948355915.7%1.8%
Profit after taxRs m1,2131,4321,405-1.9%15.8%
Gross profit margin%10.312.712.2
Effective tax rate%31.225.228.5
Net profit margin%6.37.77.1
* 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 2.6% on a year-on-year (YoY) basis. The expenses were up by 0.3% YoY during the same period.
  • The company's operating profit increased by 21.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.2% in 3QFY20 as against 10.3% in 3QFY19.
  • Depreciation charges increased by 65.9% and finance costs increased by 48.4% YoY, respectively.
  • Other income increased by 14.9% YoY during the quarter.
  • Net profit for the quarter increased by 15.8% YoY. Net profit margins during the quarter increased from 6.3% in 3QFY19 to 7.1% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 7.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.7% QoQ during the same period.
  • The company's operating profit increased by 2.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.2% in 3QFY20 as against 12.7% in 2QFY19.
  • Net profit for the quarter declined by 1.9% QoQ, while net profit margins declined from 7.7% in 2QFY19 to 7.1% in 3QFY20.

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

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TATA GLOBAL Share Price Performance

Over the last one year,TATA GLOBAL share price has moved up from Rs 188.4 to Rs 389.2, registering a Gain of Rs 200.8 or around 106.6%.

Overall, the S&P BSE SENSEX is up 12.5% over the year.

Current Valuations

At the current price of Rs 389.2, the price to earnings (P/E) ratio of TATA GLOBAL stands at 45.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.3 times.

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