GSFC Announces Quarterly Results (1QFY20); Net Profit Down 10.5%
Thu, 8 Aug

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

GSFC Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m17,70321,38417,077-20.1%-3.5%
Other incomeRs m25315483-45.8%-67.1%
TurnoverRs m17,95621,53817,160-20.3%-4.4%
ExpensesRs m16,57119,74915,605-21.0%-5.8%
Gross profitRs m1,1321,6351,472-10.0%30.1%
DepreciationRs m30633141525.4%35.5%
InterestRs m167138300117.3%79.0%
Profit before taxRs m9121,320841-36.3%-7.7%
TaxRs m204323208-35.5%2.0%
Profit after taxRs m707998633-36.5%-10.5%
Gross profit margin%6.47.68.6
Effective tax rate%22.424.424.7
Net profit margin%3.94.63.7
* 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 3.5% on a year-on-year (YoY) basis. The expenses were down by 5.8% YoY during the same period.
  • The company's operating profit increased by 30.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 8.6% in 1QFY20 as against 6.4% in 1QFY19.
  • Depreciation charges increased by 35.5% and finance costs increased by 79.0% YoY, respectively.
  • Other income declined by 67.1% YoY during the quarter.
  • Net profit for the quarter declined by 10.5% YoY. Net profit margins during the quarter declined from 3.9% in 1QFY19 to 3.7% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 20.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 21.0% QoQ during the same period.
  • The company's operating profit increased by 10.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 8.6% in 1QFY20 as against 7.6% in 4QFY19.
  • Net profit for the quarter declined by 36.5% QoQ, while net profit margins declined from 4.6% in 4QFY19 to 3.7% in 1QFY20.

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

GSFC Share Price Performance

Over the last one year,GSFC share price has moved down from Rs 114.0 to Rs 72.4, registering a Loss of Rs 41.6 or around 36.5%.

Overall, the S&P BSE SENSEX is down 2.3% over the year.

Current Valuations

At the current price of Rs 72.4, the price to earnings (P/E) ratio of GSFC stands at 5.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.4 times.