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 ChangeYoY Change
Net SalesRs m8,3769,1576,451-29.6%-23.0%
Other incomeRs m8582167104.3%95.4%
TurnoverRs m8,4629,2396,618-28.4%-21.8%
ExpensesRs m6,7686,0854,725-22.3%-30.2%
Gross profitRs m1,6083,0741,727-43.8%7.4%
DepreciationRs m5491,3491,4225.5%158.9%
InterestRs m3951,2211,171-4.1%196.5%
Profit before taxRs m749586-701-219.6%-193.6%
TaxRs m26522144-80.0%-83.3%
Profit after taxRs m484365-745-304.1%-253.8%
Gross profit margin%19.233.626.8
Effective tax rate%35.337.7-6.3
Net profit margin%5.73.9-11.3
* 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

At the current price of Rs 1,035.8, the price to earnings (P/E) ratio of PVR LTD stands at 162.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.5 times.