ICRA LTD Announces Quarterly Results (3QFY20); Net Profit Down 14.9%
Tue, 11 Feb

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

ICRA LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m8477767942.2%-6.3%
Other incomeRs m110121117-3.8%6.3%
TurnoverRs m9578989101.4%-4.8%
ExpensesRs m543593569-4.0%4.7%
Gross profitRs m30318322422.3%-26.0%
DepreciationRs m142726-2.0%89.3%
InterestRs m066-2.3%6100.0%
Profit before taxRs m39927230913.6%-22.5%
TaxRs m13479846.2%-37.6%
Profit after taxRs m26519322516.6%-14.9%
Gross profit margin%35.823.628.3
Effective tax rate%33.729.027.1
Net profit margin%27.721.524.7
* 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 6.3% on a year-on-year (YoY) basis. The expenses were up by 4.7% YoY during the same period.
  • The company's operating profit declined by 26.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 28.3% in 3QFY20 as against 35.8% in 3QFY19.
  • Depreciation charges increased by 89.3% and finance costs increased by 6100.0% YoY, respectively.
  • Other income increased by 6.3% YoY during the quarter.
  • Net profit for the quarter declined by 14.9% YoY. Net profit margins during the quarter declined from 27.7% in 3QFY19 to 24.7% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 4.0% QoQ during the same period.
  • The company's operating profit increased by 22.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 28.3% in 3QFY20 as against 23.6% in 2QFY19.
  • Net profit for the quarter increased by 16.6% QoQ, while net profit margins increased from 21.5% in 2QFY19 to 24.7% in 3QFY20.

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

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ICRA LTD Share Price Performance

Over the last one year,ICRA LTD share price has moved down from Rs 2,997.4 to Rs 2,940.0, registering a Loss of Rs 57.4 or around 1.9%.

Overall, the S&P BSE SENSEX is up 13.7% over the year.

Current Valuations

At the current price of Rs 2,940.0, the price to earnings (P/E) ratio of ICRA LTD stands at 32.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.4 times.