TATA COMM Announces Quarterly Results (1QFY22); Net Profit Up 15.2%

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TATA COMM Announces Quarterly Results (1QFY22); Net Profit Up 15.2%
Thu, 5 Aug

TATA COMM has announced its results for the quarter ended June 2021. Here is a detailed performance review of the same:

TATA COMM Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m44,02940,73341,0280.7%-6.8%
Other incomeRs m147577134-76.9%-9.4%
TurnoverRs m44,17741,31041,161-0.4%-6.8%
ExpensesRs m33,61230,58131,1671.9%-7.3%
Gross profitRs m10,31310,1639,917-2.4%-3.8%
DepreciationRs m5,8995,9505,318-10.6%-9.9%
InterestRs m1,1639319623.4%-17.3%
Profit before taxRs m3,3983,8593,771-2.3%11.0%
TaxRs m812872793-9.1%-2.4%
Profit after taxRs m2,5862,9872,978-0.3%15.2%
Gross profit margin%23.425.024.2
Effective tax rate%23.922.621.0
Net profit margin%5.97.27.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 6.8% on a year-on-year (YoY) basis. The expenses were down by 7.3% YoY during the same period.
  • The company's operating profit declined by 3.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 24.2% in 1QFY22 as against 23.4% in 1QFY21.
  • Depreciation charges declined by 9.9% and finance costs declined by 17.3% YoY, respectively.
  • Other income declined by 9.4% YoY during the quarter.
  • Net profit for the quarter increased by 15.2% YoY. Net profit margins during the quarter increased from 5.9% in 1QFY21 to 7.2% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 0.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.9% QoQ during the same period.
  • The company's operating profit declined by 2.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 24.2% in 1QFY22 as against 25.0% in 4QFY21.
  • Net profit for the quarter declined by 0.3% QoQ, while net profit margins increased from 7.2% in 4QFY21 to 7.2% in 1QFY22.

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 800.6 to Rs 1,491.1, registering a Gain of Rs 690.5 or around 86.2%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 13,861.9 (up 0.9%). Over the last one year it has moved up from 8,734.5 to 13,861.9, a gain of 5,127 points (up 58.7%).

Overall, the S&P BSE SENSEX is up 47.5% over the year.

Current Valuations

At the current price of Rs 1,491.1, the price to earnings (P/E) ratio of TATA COMM stands at 32.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 368.0 times.

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