X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
TATA SPONGE Announces Quarterly Results (3QFY19); Net Profit Down 25.5%

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 (3QFY19); Net Profit Down 25.5%
Mon, 14 Jan

TATA SPONGE has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

TATA SPONGE Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m2,1452,1622,60820.6%21.6%
Other incomeRs m1171491607.3%37.1%
TurnoverRs m2,2612,3112,76819.8%22.4%
ExpensesRs m1,6641,8642,30523.6%38.5%
Gross profitRs m4812983041.8%-36.9%
DepreciationRs m3129290.3%-5.8%
InterestRs m23321603.3%-9.4%
Profit before taxRs m543415413-0.5%-24.0%
TaxRs m1831391454.5%-21.0%
Profit after taxRs m360276268-3.0%-25.5%
Gross profit margin%22.413.811.6
Effective tax rate%33.833.435.1
Net profit margin%15.912.09.7
* 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 21.6% on a year-on-year (YoY) basis. The expenses were up by 38.5% YoY during the same period.
  • The company's operating profit declined by 36.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.6% in 3QFY19 as against 22.4% in 3QFY18.
  • Depreciation charges declined by 5.8% and finance costs declined by 9.4% YoY, respectively.
  • Other income increased by 37.1% YoY during the quarter.
  • Net profit for the quarter declined by 25.5% YoY. Net profit margins during the quarter declined from 15.9% in 3QFY18 to 9.7% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 20.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 23.6% QoQ during the same period.
  • The company's operating profit declined by 1.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.6% in 3QFY19 as against 13.8% in 2QFY18.
  • Net profit for the quarter declined by 3.0% QoQ, while net profit margins declined from 11.9% in 2QFY18 to 9.7% in 3QFY19.

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 up from Rs 1,188.8 to Rs 777.4, registering a Loss of Rs 411.4 or around 34.6%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 11,011.3 (down 1.1%). Over the last one year it has moved down from 15,845.7 to 11,011.3, a gain of 4,834 points (down 30.5%).

Overall, the S&P BSE SENSEX is up 3.8% over the year.

Current Valuations

At the current price of Rs 777.4, the price to earnings (P/E) ratio of TATA SPONGE stands at 8.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.2 times.

Equitymaster requests your view! Post a comment on "TATA SPONGE Announces Quarterly Results (3QFY19); Net Profit Down 25.5%". Click here!

  

Related Views on News

TATA SPONGE Announces Quarterly Results (4QFY19); Net Profit Down 47.8% (Quarterly Result Update)

Apr 22, 2019 | Updated on Apr 22, 2019

For the quarter ended March 2019, TATA SPONGE has posted a net profit of Rs 244 m (down 47.8% YoY). Sales on the other hand came in at Rs 3 bn (up 4.3% YoY). Read on for a complete analysis of TATA SPONGE's quarterly results.

TATA SPONGE 2017-18 Annual Report Analysis (Annual Result Update)

Dec 21, 2018 | Updated on Dec 21, 2018

Here's an analysis of the annual report of TATA SPONGE for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of TATA SPONGE. Also includes updates on the valuation of TATA SPONGE.

TATA SPONGE Announces Quarterly Results (4QFY18); Net Profit Up 120.2% (Quarterly Result Update)

Jul 20, 2018 | Updated on Jul 20, 2018

For the quarter ended March 2018, TATA SPONGE has posted a net profit of Rs 467 m (up 120.2% YoY). Sales on the other hand came in at Rs 2 bn (up 31.6% YoY). Read on for a complete analysis of TATA SPONGE's quarterly results.

More Views on News

Most Popular

Stocks that Could Be Out of Reach Post Elections(The 5 Minute Wrapup)

Apr 9, 2019

It's a matter of time before the stocks catch the fancy of the markets and big investors.

3 Indian Stocks with Amazon-Like Potential(Profit Hunter)

Apr 10, 2019

We have identified 3 stocks with huge wealth building potential which meet our 'Click of a Button' criteria.

This Company is Making a Big Comeback and You Can Now Profit from Its Example(The 5 Minute Wrapup)

Apr 10, 2019

How Dell got its mojo back.

This is Why the Stock of Jubilant FoodWorks Went Up 1,160%(The 5 Minute Wrapup)

Apr 12, 2019

This critical business strategy has enabled companies to scale their operations faster.

Pocketing Massive Gains with HDFC And HDFC Bank(Profit Hunter)

Apr 12, 2019

Here's how one could have generated gains of Rs 59,250 in 10 days by trading HDFC and HDFC Bank with a capital of Rs 4 lakh.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

TATA SPONGE SHARE PRICE


Apr 22, 2019 (Close)

TRACK TATA SPONGE

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

TATA SPONGE - NIPPON STEEL COMPARISON

COMPARE TATA SPONGE WITH

MARKET STATS