63 MOONS TECH. Announces Quarterly Results (1QFY20); Net Profit Down 104.6%

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63 MOONS TECH. Announces Quarterly Results (1QFY20); Net Profit Down 104.6%
Tue, 13 Aug

63 MOONS TECH. has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

63 MOONS TECH. Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m419333326-2.1%-22.2%
Other incomeRs m359429317-26.0%-11.6%
TurnoverRs m778762643-15.6%-17.3%
ExpensesRs m573772622-19.4%8.6%
Gross profitRs m110-491-296-369.0%
DepreciationRs m444646-1.4%3.9%
InterestRs m1221-63.6%-93.6%
Profit before taxRs m413-111-25-106.2%
TaxRs m63-15-9-115.1%
Profit after taxRs m350-96-16-104.6%
Gross profit margin%26.3-147.5-90.9
Effective tax rate%15.213.837.3
Net profit margin%45.0-12.6-2.5
* 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 22.2% on a year-on-year (YoY) basis. The expenses were up by 8.6% YoY during the same period.
  • The company's operating profit declined by 369.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 90.9% in 1QFY20 as against 26.3% in 1QFY19.
  • Depreciation charges increased by 3.9% and finance costs declined by 93.6% YoY, respectively.
  • Other income declined by 11.6% YoY during the quarter.
  • Net profit for the quarter declined by 104.6% YoY. Net profit margins during the quarter declined from 45.0% in 1QFY19 to -2.5% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 19.4% QoQ during the same period.
  • The company's operating profit increased by 39.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 90.9% in 1QFY20 as against 147.5% in 4QFY19.
  • Net profit for the quarter increased by 83.3% QoQ, while net profit margins increased from -12.6% in 4QFY19 to -2.5% in 1QFY20.

To see how 63 MOONS TECH. has performed over the last eight quarters,please visit here.

63 MOONS TECH. Share Price Performance

Over the last one year,63 MOONS TECH. share price has moved up from Rs 81.8 to Rs 93.3, registering a Gain of Rs 11.5 or around 14.1%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,660.4 (down 1.5%). Over the last one year it has moved up from 14,865.8 to 15,660.4, a gain of 795 points (up 5.3%).

Overall, the S&P BSE SENSEX is down 1.3% over the year.

Current Valuations

At the current price of Rs 93.3, the price to book value (P/BV) ratio of 63 MOONS TECH. stands at 0.2 times.

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Related Views on News

63 MOONS TECH. Announces Quarterly Results (4QFY19); Net Profit Up 44.5% (Quarterly Result Update)

Jun 3, 2019 | Updated on Jun 3, 2019

For the quarter ended March 2019, 63 MOONS TECH. has posted a net profit of Rs 96 m (up 44.5% YoY). Sales on the other hand came in at Rs 333 m (up 8.2% YoY). Read on for a complete analysis of 63 MOONS TECH. 's quarterly results.

63 MOONS TECH. Announces Quarterly Results (1QFY19); Net Profit Up 22.8% (Quarterly Result Update)

Aug 13, 2018 | Updated on Aug 13, 2018

For the quarter ended June 2018, 63 MOONS TECH. has posted a net profit of Rs 350 m (up 22.8% YoY). Sales on the other hand came in at Rs 419 m (down 68.1% YoY). Read on for a complete analysis of 63 MOONS TECH. 's quarterly results.

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