TATA COMM. Announces Quarterly Results (2QFY19); Net Profit Up 100.1%

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TATA COMM. Announces Quarterly Results (2QFY19); Net Profit Up 100.1%
Mon, 5 Nov

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

TATA COMM. Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m42,17639,12340,6824.0%-3.5%
Other incomeRs m29224486-64.6%-70.4%
TurnoverRs m42,46839,36740,7693.6%-4.0%
ExpensesRs m36,53133,56934,3812.4%-5.9%
Gross profitRs m3,5105,5756,31713.3%80.0%
DepreciationRs m4,8374,8495,0063.2%3.5%
InterestRs m8779099797.7%11.6%
Profit before taxRs m-1,91262419577.5%
TaxRs m588641418-34.9%-29.0%
Profit after taxRs m-2,500-5802
Gross profit margin%8.314.215.5
Effective tax rate%-30.81,036.299.6
Net profit margin%-5.9-1.50.0
* 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 fell 3.5% on a year-on-year (YoY) basis. The expenses were down by 5.9% YoY during the same period.
  • The company's operating profit increased by 80.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.5% in 2QFY19 as against 8.3% in 2QFY18.
  • Depreciation charges increased by 3.5% and finance costs increased by 11.6% YoY, respectively.
  • Other income declined by 70.4% YoY during the quarter.
  • Net profit for the quarter increased by 100.1% YoY. Net profit margins during the quarter increased from -5.9% in 2QFY18 to 0.0% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.4% QoQ during the same period.
  • The company's operating profit increased by 13.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.5% in 2QFY19 as against 14.2% in 1QFY18.
  • Net profit for the quarter increased by 100.3% QoQ, while net profit margins increased from -1.5% in 1QFY18 to 0.0% in 2QFY19.

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 up from Rs 691.9 to Rs 492.4, registering a Loss of Rs 199.5 or around 28.8%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,055.0 (up 0.1%). Over the last one year it has moved up from 6,018.1 to 7,055.0, a gain of 1,037 points (up 17.2%).

Overall, the S&P BSE SENSEX is up 4.2% over the year.

Current Valuations

At the current price of Rs 492.4, the price to book value (P/BV) ratio of TATA COMM. stands at 28.1 times.

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