PVR LTD Announces Quarterly Results (2QFY20); Net Profit Up 39.9%
Fri, 18 Oct

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

PVR LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m7,0868,8049,73210.5%37.3%
Other incomeRs m616862-8.1%2.0%
TurnoverRs m7,1478,8729,79410.4%37.0%
ExpensesRs m5,8456,0186,5518.9%12.1%
Gross profitRs m1,2402,7713,18314.9%156.7%
DepreciationRs m4481,2591,39510.9%211.6%
InterestRs m2981,3141,111-15.4%272.7%
Profit before taxRs m555266739178.0%33.1%
TaxRs m212103258150.9%22.0%
Profit after taxRs m344163480195.1%39.9%
Gross profit margin%17.531.532.7
Effective tax rate%38.138.735.0
Net profit margin%4.81.84.9
* 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 37.3% on a year-on-year (YoY) basis. The expenses were up by 12.1% YoY during the same period.
  • The company's operating profit increased by 156.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 32.7% in 2QFY20 as against 17.5% in 2QFY19.
  • Depreciation charges increased by 211.6% and finance costs increased by 272.7% YoY, respectively.
  • Other income increased by 2.0% YoY during the quarter.
  • Net profit for the quarter increased by 39.9% YoY. Net profit margins during the quarter increased from 4.8% in 2QFY19 to 4.9% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 10.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 8.9% QoQ during the same period.
  • The company's operating profit increased by 14.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 32.7% in 2QFY20 as against 31.5% in 1QFY19.
  • Net profit for the quarter increased by 195.1% QoQ, while net profit margins increased from 1.8% in 1QFY19 to 4.9% in 2QFY20.

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

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PVR LTD Share Price Performance

Over the last one year,PVR LTD share price has moved up from Rs 1,312.8 to Rs 1,829.2, registering a Gain of Rs 516.5 or around 39.3%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,536.3 (down 0.2%). Over the last one year it has moved up from 7,278.2 to 7,536.3, a gain of 258 points (up 3.5%).

Overall, the S&P BSE SENSEX is up 12.7% over the year.

Current Valuations

At the current price of Rs 1,829.2, the price to earnings (P/E) ratio of PVR LTD stands at 46.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.0 times.