TITAGARH WAGONS Announces Quarterly Results (1QFY20); Net Profit Up 528.8%

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TITAGARH WAGONS Announces Quarterly Results (1QFY20); Net Profit Up 528.8%
Tue, 20 Aug

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

TITAGARH WAGONS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m1,3183,7823,287-13.1%149.4%
Other incomeRs m439833-65.8%-22.7%
TurnoverRs m1,3613,8803,320-14.4%143.9%
ExpensesRs m1,2603,5613,004-15.7%138.3%
Gross profitRs m58-1,049283390.1%
DepreciationRs m3324268.4%-21.4%
InterestRs m378110124.0%171.3%
Profit before taxRs m31-1,056190508.6%
TaxRs m9-9553462.4%
Profit after taxRs m22-962137528.8%
Gross profit margin%4.4-27.78.6
Effective tax rate%30.49.028.1
Net profit margin%1.6-24.84.1
* 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 149.4% on a year-on-year (YoY) basis. The expenses were up by 138.3% YoY during the same period.
  • The company's operating profit increased by 390.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 8.6% in 1QFY20 as against 4.4% in 1QFY19.
  • Depreciation charges declined by 21.4% and finance costs increased by 171.3% YoY, respectively.
  • Other income declined by 22.7% YoY during the quarter.
  • Net profit for the quarter increased by 528.8% YoY. Net profit margins during the quarter increased from 1.6% in 1QFY19 to 4.1% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 13.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 15.7% QoQ during the same period.
  • The company's operating profit increased by 127.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 8.6% in 1QFY20 as against 27.7% in 4QFY19.
  • Net profit for the quarter increased by 114.2% QoQ, while net profit margins increased from -24.8% in 4QFY19 to 4.1% in 1QFY20.

To see how TITAGARH WAGONS has performed over the last eight quarters,please visit here.

TITAGARH WAGONS Share Price Performance

Over the last one year,TITAGARH WAGONS share price has moved down from Rs 91.5 to Rs 38.5, registering a Loss of Rs 53.0 or around 57.9%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,075.4 (down 0.3%). Over the last one year it has moved down from 18,524.4 to 17,075.4, a gain of 1,449 points (down 7.8%).

Overall, the S&P BSE SENSEX is down 2.5% over the year.

Current Valuations

At the current price of Rs 38.5, the price to book value (P/BV) ratio of TITAGARH WAGONS stands at 0.5 times.

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