TATA COMM. Announces Quarterly Results (3QFY20); Net Profit Down 65.6%

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TATA COMM. Announces Quarterly Results (3QFY20); Net Profit Down 65.6%
Mon, 27 Jan

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

TATA COMM. Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m42,69542,72842,287-1.0%-1.0%
Other incomeRs m1929514046.4%-27.2%
TurnoverRs m42,88742,82342,427-0.9%-1.1%
ExpensesRs m34,26934,39134,6790.8%1.2%
Gross profitRs m8,4268,2787,608-8.1%-9.7%
DepreciationRs m5,2355,5835,6050.4%7.1%
InterestRs m1,0401,1571,1610.4%11.7%
Profit before taxRs m2,3431,632982-39.9%-58.1%
TaxRs m6671,107406-63.4%-39.2%
Profit after taxRs m1,6755255769.7%-65.6%
Gross profit margin%19.719.418.0
Effective tax rate%28.567.841.3
Net profit margin%3.91.21.4
* 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 1.0% on a year-on-year (YoY) basis. The expenses were up by 1.2% YoY during the same period.
  • The company's operating profit declined by 9.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.0% in 3QFY20 as against 19.7% in 3QFY19.
  • Depreciation charges increased by 7.1% and finance costs increased by 11.7% YoY, respectively.
  • Other income declined by 27.2% YoY during the quarter.
  • Net profit for the quarter declined by 65.6% YoY. Net profit margins during the quarter declined from 3.9% in 3QFY19 to 1.4% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.8% QoQ during the same period.
  • The company's operating profit declined by 8.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.0% in 3QFY20 as against 19.4% in 2QFY19.
  • Net profit for the quarter increased by 9.7% QoQ, while net profit margins increased from 1.2% in 2QFY19 to 1.4% in 3QFY20.

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 300.8 to Rs 448.7, registering a Gain of Rs 147.9 or around 49.2%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 8,079.8 (down 0.6%). Over the last one year it has moved up from 7,274.4 to 8,079.8, a gain of 805 points (up 11.1%).

Overall, the S&P BSE SENSEX is up 14.2% over the year.

Current Valuations

At the current price of Rs 448.7, the price to earnings (P/E) ratio of TATA COMM. stands at 86.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 25.6 times.

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