TTK HEALTHCARE Announces Quarterly Results (1QFY20); Net Profit Down 53.8%

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TTK HEALTHCARE Announces Quarterly Results (1QFY20); Net Profit Down 53.8%
Tue, 13 Aug

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

TTK HEALTHCARE Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m1,7311,3961,78627.9%3.2%
Other incomeRs m182319-18.6%1.3%
TurnoverRs m1,7501,4191,80427.2%3.1%
ExpensesRs m1,5731,2981,70131.1%8.1%
Gross profitRs m1589885-13.8%-46.5%
DepreciationRs m364135-13.2%-2.6%
InterestRs m1077-1.3%-35.2%
Profit before taxRs m1307361-16.8%-53.0%
TaxRs m5124243.6%-51.8%
Profit after taxRs m795036-26.5%-53.8%
Gross profit margin%9.17.04.7
Effective tax rate%39.232.340.2
Net profit margin%4.53.52.0
* 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 3.2% on a year-on-year (YoY) basis. The expenses were up by 8.1% YoY during the same period.
  • The company's operating profit declined by 46.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.7% in 1QFY20 as against 9.1% in 1QFY19.
  • Depreciation charges declined by 2.6% and finance costs declined by 35.2% YoY, respectively.
  • Other income increased by 1.3% YoY during the quarter.
  • Net profit for the quarter declined by 53.8% YoY. Net profit margins during the quarter declined from 4.5% in 1QFY19 to 2.0% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 27.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 31.1% QoQ during the same period.
  • The company's operating profit declined by 13.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.7% in 1QFY20 as against 7.0% in 4QFY19.
  • Net profit for the quarter declined by 26.5% QoQ, while net profit margins declined from 3.5% in 4QFY19 to 2.0% in 1QFY20.

To see how TTK HEALTHCARE has performed over the last eight quarters,please visit here.

TTK HEALTHCARE Share Price Performance

Over the last one year,TTK HEALTHCARE share price has moved down from Rs 1,006.7 to Rs 486.8, registering a Loss of Rs 519.9 or around 51.6%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 12,713.4 (up 0.2%). Over the last one year it has moved down from 14,332.1 to 12,713.4, a gain of 1,619 points (down 11.3%).

Overall, the S&P BSE SENSEX is down 1.3% over the year.

Current Valuations

At the current price of Rs 486.8, the price to earnings (P/E) ratio of TTK HEALTHCARE stands at 18.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.5 times.

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