TATA COMM. Announces Quarterly Results (1QFY21); Net Profit Up 245.4%

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TATA COMM. Announces Quarterly Results (1QFY21); Net Profit Up 245.4%
Fri, 21 Aug

TATA COMM. has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

TATA COMM. Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m41,68643,97944,0290.1%5.6%
Other incomeRs m88373147-60.5%66.7%
TurnoverRs m41,77544,35244,177-0.4%5.8%
ExpensesRs m33,43035,29133,612-4.8%0.5%
Gross profitRs m8,1924,90710,313110.2%25.9%
DepreciationRs m5,5226,8675,899-14.1%6.8%
InterestRs m1,1571,2321,163-5.6%0.5%
Profit before taxRs m1,601-2,8183,398112.2%
TaxRs m852-98812-4.7%
Profit after taxRs m749-2,7202,586245.4%
Gross profit margin%19.711.223.4
Effective tax rate%53.23.523.9
Net profit margin%1.8-6.15.9
* 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 5.6% on a year-on-year (YoY) basis. The expenses were up by 0.5% YoY during the same period.
  • The company's operating profit increased by 25.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 23.4% in 1QFY21 as against 19.7% in 1QFY20.
  • Depreciation charges increased by 6.8% and finance costs increased by 0.5% YoY, respectively.
  • Other income increased by 66.7% YoY during the quarter.
  • Net profit for the quarter increased by 245.4% YoY. Net profit margins during the quarter increased from 1.8% in 1QFY20 to 5.9% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 0.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 4.8% QoQ during the same period.
  • The company's operating profit increased by 110.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 23.4% in 1QFY21 as against 11.2% in 4QFY20.
  • Net profit for the quarter increased by 195.1% QoQ, while net profit margins increased from -6.1% in 4QFY20 to 5.9% in 1QFY21.

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

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TATA COMM. Share Price Performance

Over the last one year,TATA COMM. share price has moved up from Rs 262.6 to Rs 892.0, registering a Gain of Rs 629.4 or around 239.7%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 8,792.8 (down 0.3%). Over the last one year it has moved up from 7,692.9 to 8,792.8, a gain of 1,100 points (up 14.3%).

Overall, the S&P BSE SENSEX is up 3.2% over the year.

Current Valuations

At the current price of Rs 892.0, the price to earnings (P/E) ratio of TATA COMM. stands at 262.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 50.9 times.

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