TATA COMM. Announces Quarterly Results (1QFY20); Net Profit Up 229.2%

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TATA COMM. Announces Quarterly Results (1QFY20); Net Profit Up 229.2%
Mon, 5 Aug

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

TATA COMM. Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m39,12342,43541,686-1.8%6.6%
Other incomeRs m24439588-77.6%-63.8%
TurnoverRs m39,36742,83041,775-2.5%6.1%
ExpensesRs m33,56935,58333,430-6.0%-0.4%
Gross profitRs m5,5756,8598,19219.4%46.9%
DepreciationRs m4,8495,5875,522-1.2%13.9%
InterestRs m9091,0391,15711.4%27.4%
Profit before taxRs m626291,601154.6%2486.4%
TaxRs m6411,007852-15.3%32.9%
Profit after taxRs m-580-378749
Gross profit margin%14.216.219.7
Effective tax rate%1,036.2160.153.2
Net profit margin%-1.5-0.91.8
* 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 6.6% on a year-on-year (YoY) basis. The expenses were down by 0.4% YoY during the same period.
  • The company's operating profit increased by 46.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.7% in 1QFY20 as against 14.2% in 1QFY19.
  • Depreciation charges increased by 13.9% and finance costs increased by 27.4% YoY, respectively.
  • Other income declined by 63.8% YoY during the quarter.
  • Net profit for the quarter increased by 229.2% YoY. Net profit margins during the quarter increased from -1.5% in 1QFY19 to 1.8% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.0% QoQ during the same period.
  • The company's operating profit increased by 19.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.7% in 1QFY20 as against 16.2% in 4QFY19.
  • Net profit for the quarter increased by 298.1% QoQ, while net profit margins increased from -0.9% in 4QFY19 to 1.8% in 1QFY20.

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

TATA COMM. Share Price Performance

Over the last one year,TATA COMM. share price has moved down from Rs 587.1 to Rs 474.2, registering a Loss of Rs 113.0 or around 19.2%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,630.6 (up 0.5%). Over the last one year it has moved up from 7,409.3 to 7,630.6, a gain of 221 points (up 3.0%).

Overall, the S&P BSE SENSEX is down 1.8% over the year.

Current Valuations

At the current price of Rs 474.2, the price to earnings (P/E) ratio of TATA COMM. stands at 66.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 27.1 times.

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For the quarter ended December 2020, TATA COMM has posted a net profit of Rs 3 bn (up 438.8% YoY). Sales on the other hand came in at Rs 42 bn (down 0.1% YoY). Read on for a complete analysis of TATA COMM's quarterly results.

TATA COMM. Announces Quarterly Results (2QFY21); Net Profit Up 635.0% (Quarterly Result Update)

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