TATA COMM Announces Quarterly Results (3QFY21); Net Profit Up 438.8%

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TATA COMM Announces Quarterly Results (3QFY21); Net Profit Up 438.8%
Wed, 20 Jan

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

TATA COMM Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m42,28744,01142,228-4.1%-0.1%
Other incomeRs m14076182-89.2%-41.2%
TurnoverRs m42,42744,77242,311-5.5%-0.3%
ExpensesRs m34,67932,43631,767-2.1%-8.4%
Gross profitRs m7,60811,03610,347-6.2%36.0%
DepreciationRs m5,6055,7195,570-2.6%-0.6%
InterestRs m1,1611,0641,044-1.9%-10.1%
Profit before taxRs m9825,0133,815-23.9%288.7%
TaxRs m4061,153711-38.3%75.4%
Profit after taxRs m5763,8603,104-19.6%438.8%
Gross profit margin%18.025.124.5
Effective tax rate%41.323.018.6
Net profit margin%1.48.67.3
* 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 0.1% on a year-on-year (YoY) basis. The expenses were down by 8.4% YoY during the same period.
  • The company's operating profit increased by 36.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 24.5% in 3QFY21 as against 18.0% in 3QFY20.
  • Depreciation charges declined by 0.6% and finance costs declined by 10.1% YoY, respectively.
  • Other income declined by 41.2% YoY during the quarter.
  • Net profit for the quarter increased by 438.8% YoY. Net profit margins during the quarter increased from 1.4% in 3QFY20 to 7.3% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 4.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.1% QoQ during the same period.
  • The company's operating profit declined by 6.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 24.5% in 3QFY21 as against 25.1% in 2QFY20.
  • Net profit for the quarter declined by 19.6% QoQ, while net profit margins declined from 8.6% in 2QFY20 to 7.3% in 3QFY21.

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 440.2 to Rs 1,054.7, registering a Gain of Rs 614.5 or around 139.6%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 12,176.6 (up 1.1%). Over the last one year it has moved up from 7,967.3 to 12,176.6, a gain of 4,209 points (up 52.8%).

Overall, the S&P BSE SENSEX is up 19.5% over the year.

Current Valuations

At the current price of Rs 1,054.7, the price to earnings (P/E) ratio of TATA COMM stands at 44.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 60.2 times.

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Related Views on News

TATA COMM. Announces Quarterly Results (2QFY21); Net Profit Up 635.0% (Quarterly Result Update)

Oct 19, 2020 | Updated on Oct 19, 2020

For the quarter ended September 2020, TATA COMM. has posted a net profit of Rs 4 bn (up 635.0% YoY). Sales on the other hand came in at Rs 44 bn (up 3.0% YoY). Read on for a complete analysis of TATA COMM.'s quarterly results.

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

Aug 21, 2020 | Updated on Aug 21, 2020

For the quarter ended June 2020, TATA COMM. has posted a net profit of Rs 3 bn (up 245.4% YoY). Sales on the other hand came in at Rs 44 bn (up 5.6% YoY). Read on for a complete analysis of TATA COMM.'s quarterly results.

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