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TATA COMM. Announces Quarterly Results (3QFY19); Net Profit Up 765.3%

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TATA COMM. Announces Quarterly Results (3QFY19); Net Profit Up 765.3%
Fri, 1 Feb

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

TATA COMM. Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m41,14640,68242,6954.9%3.8%
Other incomeRs m74086192122.0%-74.1%
TurnoverRs m41,88740,76942,8875.2%2.4%
ExpensesRs m35,01934,38134,269-0.3%-2.1%
Gross profitRs m6,1286,3178,42633.4%37.5%
DepreciationRs m4,7285,0065,2354.6%10.7%
InterestRs m8969791,0406.3%16.0%
Profit before taxRs m1,2444192,343458.6%88.4%
TaxRs m1,05041866759.8%-36.4%
Profit after taxRs m19421,67598447.1%765.3%
Gross profit margin%14.915.519.7
Effective tax rate%84.499.628.5
Net profit margin%0.50.03.9
* 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 3.8% on a year-on-year (YoY) basis. The expenses were down by 2.1% YoY during the same period.
  • The company's operating profit increased by 37.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.7% in 3QFY19 as against 14.9% in 3QFY18.
  • Depreciation charges increased by 10.7% and finance costs increased by 16.0% YoY, respectively.
  • Other income declined by 74.1% YoY during the quarter.
  • Net profit for the quarter increased by 765.3% YoY. Net profit margins during the quarter increased from 0.5% in 3QFY18 to 3.9% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.3% QoQ during the same period.
  • The company's operating profit increased by 33.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.7% in 3QFY19 as against 15.5% in 2QFY18.
  • Net profit for the quarter increased by 98447.1% QoQ, while net profit margins increased from 0.0% in 2QFY18 to 3.9% in 3QFY19.

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 621.7 to Rs 501.5, registering a Loss of Rs 120.2 or around 19.3%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,558.7 (up 0.5%). Over the last one year it has moved up from 6,817.8 to 7,558.7, a gain of 741 points (up 10.9%).

Overall, the S&P BSE SENSEX is up 1.2% over the year.

Current Valuations

At the current price of Rs 501.5, the price to book value (P/BV) ratio of TATA COMM. stands at 28.6 times.

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