TAJ GVK Announces Quarterly Results (2QFY20); Net Profit Up 134.4%
Tue, 12 Nov

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

TAJ GVK Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m7147227331.6%2.7%
Other incomeRs m324100.0%20.0%
TurnoverRs m7177247371.8%2.8%
ExpensesRs m6005385899.4%-1.9%
Gross profitRs m113184144-21.4%27.3%
DepreciationRs m4342420.5%-1.2%
InterestRs m546059-1.8%8.5%
Profit before taxRs m208447-43.7%139.6%
TaxRs m72817-38.1%149.3%
Profit after taxRs m135630-46.4%134.4%
Gross profit margin%15.925.519.7
Effective tax rate%35.033.236.4
Net profit margin%1.87.74.1
* 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 2.7% on a year-on-year (YoY) basis. The expenses were down by 1.9% YoY during the same period.
  • The company's operating profit increased by 27.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.7% in 2QFY20 as against 15.9% in 2QFY19.
  • Depreciation charges declined by 1.2% and finance costs increased by 8.5% YoY, respectively.
  • Other income increased by 20.0% YoY during the quarter.
  • Net profit for the quarter increased by 134.4% YoY. Net profit margins during the quarter increased from 1.8% in 2QFY19 to 4.1% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 9.4% QoQ during the same period.
  • The company's operating profit declined by 21.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.7% in 2QFY20 as against 25.5% in 1QFY19.
  • Net profit for the quarter declined by 46.4% QoQ, while net profit margins declined from 7.7% in 1QFY19 to 4.1% in 2QFY20.

To see how TAJ GVK has performed over the last eight quarters,please visit here.

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TAJ GVK Share Price Performance

Over the last one year,TAJ GVK share price has moved up from Rs 160.3 to Rs 167.9, registering a Gain of Rs 7.7 or around 4.8%.

Overall, the S&P BSE SENSEX is up 15.9% over the year.

Current Valuations

At the current price of Rs 167.9, the price to earnings (P/E) ratio of TAJ GVK stands at 38.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.7 times.