TIME TECHNO Announces Quarterly Results (3QFY20); Net Profit Down 10.1%

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TIME TECHNO Announces Quarterly Results (3QFY20); Net Profit Down 10.1%
Wed, 19 Feb

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

TIME TECHNO Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m8,7278,7059,2326.0%5.8%
Other incomeRs m2552.0%139.6%
TurnoverRs m8,7298,7109,2376.0%5.8%
ExpensesRs m7,4687,4967,8965.3%5.7%
Gross profitRs m1,2591,2091,33610.4%6.1%
DepreciationRs m2873984000.5%39.3%
InterestRs m246280268-4.4%8.5%
Profit before taxRs m72753667325.6%-7.4%
TaxRs m17013617226.1%1.3%
Profit after taxRs m55740050125.4%-10.1%
Gross profit margin%14.413.914.5
Effective tax rate%23.325.425.6
Net profit margin%6.44.65.4
* 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 5.8% on a year-on-year (YoY) basis. The expenses were up by 5.7% YoY during the same period.
  • The company's operating profit increased by 6.1% YoY during the quarter. Consequently, operating profit margins remained same and stood at 14.5% in 3QFY20.
  • Depreciation charges increased by 39.3% and finance costs increased by 8.5% YoY, respectively.
  • Other income increased by 139.6% YoY during the quarter.
  • Net profit for the quarter declined by 10.1% YoY. Net profit margins during the quarter declined from 6.4% in 3QFY19 to 5.4% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 6.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.3% QoQ during the same period.
  • The company's operating profit increased by 10.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.5% in 3QFY20 as against 13.9% in 2QFY19.
  • Net profit for the quarter increased by 25.4% QoQ, while net profit margins increased from 4.6% in 2QFY19 to 5.4% in 3QFY20.

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

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TIME TECHNO Share Price Performance

Over the last one year,TIME TECHNO share price has moved down from Rs 84.4 to Rs 51.0, registering a Loss of Rs 33.4 or around 39.6%.

Overall, the S&P BSE SENSEX is up 16.1% over the year.

Current Valuations

At the current price of Rs 51.0, the price to earnings (P/E) ratio of TIME TECHNO stands at 5.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.7 times.

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