EIH Announces Quarterly Results (3QFY20); Net Profit Up 17.4%
Mon, 27 Jan

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

EIH Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m4,4392,8774,22046.7%-4.9%
Other incomeRs m1312712710.1%107.5%
TurnoverRs m4,5703,1474,49142.7%-1.7%
ExpensesRs m3,1152,7133,03011.7%-2.7%
Gross profitRs m1,3241641,191627.2%-10.1%
DepreciationRs m3113413410.0%9.6%
InterestRs m1291291322.3%2.0%
Profit before taxRs m1,015-35989-2.5%
TaxRs m376-445239-36.4%
Profit after taxRs m63941075082.9%17.4%
Gross profit margin%29.85.728.2
Effective tax rate%37.01,268.124.2
Net profit margin%14.013.016.7
* 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 4.9% on a year-on-year (YoY) basis. The expenses were down by 2.7% YoY during the same period.
  • The company's operating profit declined by 10.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 28.2% in 3QFY20 as against 29.8% in 3QFY19.
  • Depreciation charges increased by 9.6% and finance costs increased by 2.0% YoY, respectively.
  • Other income increased by 107.5% YoY during the quarter.
  • Net profit for the quarter increased by 17.4% YoY. Net profit margins during the quarter increased from 14.0% in 3QFY19 to 16.7% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 46.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 11.7% QoQ during the same period.
  • The company's operating profit increased by 627.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 28.2% in 3QFY20 as against 5.7% in 2QFY19.
  • Net profit for the quarter increased by 82.9% QoQ, while net profit margins increased from 13.0% in 2QFY19 to 16.7% in 3QFY20.

To see how EIH has performed over the last eight quarters,please visit here.

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EIH Share Price Performance

Over the last one year,EIH share price has moved down from Rs 180.4 to Rs 149.8, registering a Loss of Rs 30.6 or around 17.0%.

Overall, the S&P BSE SENSEX is up 14.3% over the year.

Current Valuations

At the current price of Rs 149.8, the price to earnings (P/E) ratio of EIH stands at 70.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.9 times.