TATA SPONGE Announces Quarterly Results (1QFY20); Net Profit Down 288.8%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

TATA SPONGE Announces Quarterly Results (1QFY20); Net Profit Down 288.8%
Wed, 31 Jul

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

TATA SPONGE Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m2,6092,5417,046177.3%170.0%
Other incomeRs m119150412175.3%246.1%
TurnoverRs m2,7282,6907,458177.2%173.3%
ExpensesRs m2,0072,2986,805196.1%239.1%
Gross profitRs m60324351-79.0%-91.5%
DepreciationRs m29297962633.7%2681.5%
InterestRs m3367722460.0%21732.3%
Profit before taxRs m690360-1,009-380.2%-246.3%
TaxRs m234117-149-228.1%-163.8%
Profit after taxRs m456244-860-452.9%-288.8%
Gross profit margin%23.19.60.7
Effective tax rate%34.032.414.8
Net profit margin%16.79.1-11.5
* 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 170.0% on a year-on-year (YoY) basis. The expenses were up by 239.1% YoY during the same period.
  • The company's operating profit declined by 91.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 0.7% in 1QFY20 as against 23.1% in 1QFY19.
  • Depreciation charges increased by 2681.5% and finance costs increased by 21732.3% YoY, respectively.
  • Other income increased by 246.1% YoY during the quarter.
  • Net profit for the quarter declined by 288.8% YoY. Net profit margins during the quarter declined from 16.7% in 1QFY19 to -11.5% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 177.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 196.1% QoQ during the same period.
  • The company's operating profit declined by 79.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 0.7% in 1QFY20 as against 9.6% in 4QFY19.
  • Net profit for the quarter declined by 452.9% QoQ, while net profit margins declined from 9.1% in 4QFY19 to -11.5% in 1QFY20.

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

TATA SPONGE Share Price Performance

Over the last one year,TATA SPONGE share price has moved down from Rs 899.1 to Rs 457.1, registering a Loss of Rs 442.0 or around 49.2%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 9,585.8 (up 1.4%). Over the last one year it has moved down from 12,659.6 to 9,585.8, a gain of 3,074 points (down 24.3%).

Overall, the S&P BSE SENSEX is down 0.7% over the year.

Current Valuations

At the current price of Rs 457.1, the price to book value (P/BV) ratio of TATA SPONGE stands at 0.6 times.

Equitymaster requests your view! Post a comment on "TATA SPONGE Announces Quarterly Results (1QFY20); Net Profit Down 288.8%". Click here!

  

Related Views on News

TATA STEEL LONG PROD Announces Quarterly Results (3QFY21); Net Profit Up 371.3% (Quarterly Result Update)

Jan 15, 2021 | Updated on Jan 15, 2021

For the quarter ended December 2020, TATA STEEL LONG PROD has posted a net profit of Rs 3 bn (up 371.3% YoY). Sales on the other hand came in at Rs 14 bn (up 36.5% YoY). Read on for a complete analysis of TATA STEEL LONG PROD's quarterly results.

TATA SPONGE 2018-19 Annual Report Analysis (Annual Result Update)

Jun 27, 2019 | Updated on Jun 27, 2019

Here's an analysis of the annual report of TATA SPONGE for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of TATA SPONGE. Also includes updates on the valuation of TATA SPONGE.

More Views on News

Most Popular

Time to Buy Smallcaps?(Fast Profits Daily)

Apr 30, 2021

In this video, I'll show you why I favour smallcaps over the Nifty.

The Next Smallcap Winners(Profit Hunter)

Apr 30, 2021

Price is the only due diligence one might require to buy this business.

Sell in May and Go Away?(Fast Profits Daily)

Apr 28, 2021

Does the concept of selling stocks in the month of May, work in the Indian market?

This Fund Manager Has Taken the World by Storm. Will You Invest With Her?(Profit Hunter)

Apr 26, 2021

Should you invest with this Rockstar fund manager who has outperformed in a big way?

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

TATA STEEL LONG PROD SHARE PRICE


May 7, 2021 (Close)

TRACK TATA STEEL LONG PROD

  • Track your investment in TATA STEEL LONG PROD with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON TATA STEEL LONG PROD

TATA STEEL LONG PROD 5-YR ANALYSIS

COMPARE TATA STEEL LONG PROD WITH

MARKET STATS