ORACLE FINANCIAL Announces Quarterly Results (1QFY21); Net Profit Up 27.1%
Tue, 22 Sep

ORACLE FINANCIAL has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

ORACLE FINANCIAL Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m12,75112,63513,3735.8%4.9%
Other incomeRs m32037147828.7%49.2%
TurnoverRs m13,07113,00713,8506.5%6.0%
ExpensesRs m6,5636,9836,472-7.3%-1.4%
Gross profitRs m6,1885,6526,90122.1%11.5%
DepreciationRs m265274266-3.0%0.2%
InterestRs m2739643-89.2%56.5%
Profit before taxRs m6,2165,3547,07032.1%13.7%
TaxRs m2,4422,6612,272-14.6%-7.0%
Profit after taxRs m3,7742,6924,79878.2%27.1%
Gross profit margin%48.544.751.6
Effective tax rate%39.349.732.1
Net profit margin%28.920.734.6
* 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 grew 4.9% on a year-on-year (YoY) basis. The expenses were down by 1.4% YoY during the same period.
  • The company's operating profit increased by 11.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 51.6% in 1QFY21 as against 48.5% in 1QFY20.
  • Depreciation charges increased by 0.2% and finance costs increased by 56.5% YoY, respectively.
  • Other income increased by 49.2% YoY during the quarter.
  • Net profit for the quarter increased by 27.1% YoY. Net profit margins during the quarter increased from 28.9% in 1QFY20 to 34.6% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 5.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.3% QoQ during the same period.
  • The company's operating profit increased by 22.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 51.6% in 1QFY21 as against 44.7% in 4QFY20.
  • Net profit for the quarter increased by 78.2% QoQ, while net profit margins increased from 20.7% in 4QFY20 to 34.6% in 1QFY21.

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

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ORACLE FINANCIAL Share Price Performance

Over the last one year, ORACLE FINANCIAL share price has moved down from Rs 3,161.2 to Rs 2,975.1, registering a Loss of Rs 186.1 or around 5.9%.

Meanwhile, the S&P BSE IT Index is trading at Rs 19,838.9 (down 0.1%). Over the last one year it has moved up from 15,579.3 to 19,838.9, a gain of 4,260 points (up 27.3%).

Overall, the S&P BSE SENSEX is up 3.3% over the year.

Current Valuations

At the current price of Rs 2,975.1, the price to earnings (P/E) ratio of ORACLE FINANCIAL stands at 16.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.7 times.