TATA GLOBAL Announces Quarterly Results (4QFY19); Net Profit Down 18.2%

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TATA GLOBAL Announces Quarterly Results (4QFY19); Net Profit Down 18.2%
Thu, 25 Apr

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

TATA GLOBAL Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m16,88419,12617,755-7.2%5.2%
Other incomeRs m25722635256.0%37.0%
TurnoverRs m17,14119,35218,107-6.4%5.6%
ExpensesRs m15,42717,16416,012-6.7%3.8%
Gross profitRs m1,4411,9621,659-15.5%15.2%
DepreciationRs m28529633011.3%15.8%
InterestRs m13613015519.5%14.0%
Profit before taxRs m1,2771,7621,527-13.4%19.5%
TaxRs m1305495887.1%351.8%
Profit after taxRs m1,1471,213938-22.7%-18.2%
Gross profit margin%8.510.39.3
Effective tax rate%10.231.238.5
Net profit margin%6.76.35.2
* 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 3.8% YoY during the same period.
  • The company's operating profit increased by 15.2% YoY during the quarter. Consequently, operating profit margins remained same and stood at 9.3% in 4QFY19.
  • Depreciation charges increased by 15.8% and finance costs increased by 14.0% YoY, respectively.
  • Other income increased by 37.0% YoY during the quarter.
  • Net profit for the quarter declined by 18.2% YoY. Net profit margins during the quarter declined from 6.7% in 4QFY18 to 5.2% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 7.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.7% QoQ during the same period.
  • The company's operating profit declined by 15.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.3% in 4QFY19 as against 10.3% in 3QFY18.
  • Net profit for the quarter declined by 22.7% QoQ, while net profit margins declined from 6.3% in 3QFY18 to 5.2% in 4QFY19.

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 289.2 to Rs 211.5, registering a Loss of Rs 77.7 or around 26.9%.

Overall, the S&P BSE SENSEX is up 11.9% over the year.

Current Valuations

At the current price of Rs 211.5, the price to earnings (P/E) ratio of TATA GLOBAL stands at 27.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.9 times.

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