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PVR LTD Announces Quarterly Results (4QFY20); Net Profit Down 253.8%

PVR LTD Announces Quarterly Results (4QFY20); Net Profit Down 253.8%
Wed, 10 Jun

PVR LTD has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:

PVR LTD Quarterly Financials

No. of Mths Qtr. Ending		3 Mar-19*	3 Dec-19*	3 Mar-20*	QoQ Change	YoY Change
Net Sales	Rs m	8,376	9,157	6,451	-29.6%	-23.0%
Other income	Rs m	85	82	167	104.3%	95.4%
Turnover	Rs m	8,462	9,239	6,618	-28.4%	-21.8%
Expenses	Rs m	6,768	6,085	4,725	-22.3%	-30.2%
Gross profit	Rs m	1,608	3,074	1,727	-43.8%	7.4%
Depreciation	Rs m	549	1,349	1,422	5.5%	158.9%
Interest	Rs m	395	1,221	1,171	-4.1%	196.5%
Profit before tax	Rs m	749	586	-701	-219.6%	-193.6%
Tax	Rs m	265	221	44	-80.0%	-83.3%
Profit after tax	Rs m	484	365	-745	-304.1%	-253.8%
Gross profit margin	%	19.2	33.6	26.8
Effective tax rate	%	35.3	37.7	-6.3
Net profit margin	%	5.7	3.9	-11.3

* 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 23.0% on a year-on-year (YoY) basis. The expenses were down by 30.2% YoY during the same period.
The company's operating profit increased by 7.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 26.8% in 4QFY20 as against 19.2% in 4QFY19.
Depreciation charges increased by 158.9% and finance costs increased by 196.5% YoY, respectively.
Other income increased by 95.4% YoY during the quarter.
Net profit for the quarter declined by 253.8% YoY. Net profit margins during the quarter declined from 5.7% in 4QFY19 to -11.3% in 4QFY20.

Quarter-on-Quarter Performance:

The company's operating income during the quarter fell 29.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 22.3% QoQ during the same period.
The company's operating profit declined by 43.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 26.8% in 4QFY20 as against 33.6% in 3QFY19.
Net profit for the quarter declined by 304.1% QoQ, while net profit margins declined from 4.0% in 3QFY19 to -11.3% in 4QFY20.

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 down from Rs 1,760.7 to Rs 1,035.8, registering a Loss of Rs 725.0 or around 41.2%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,558.3 (up 0.0%). Over the last one year it has moved down from 7,876.6 to 7,558.3, a loss of 318 points (down 4.0%).

Overall, the S&P BSE SENSEX is down 14.4% over the year.

Current Valuations