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TAKE SOLUTIONS Announces Quarterly Results (3QFY19); Net Profit Down 13.3%

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TAKE SOLUTIONS Announces Quarterly Results (3QFY19); Net Profit Down 13.3%
Mon, 25 Feb

TAKE SOLUTIONS has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

TAKE SOLUTIONS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m4,0805,1595,2161.1%27.8%
Other incomeRs m1413227-79.5%96.9%
TurnoverRs m4,0945,2905,243-0.9%28.1%
ExpensesRs m3,2824,1054,3345.6%32.1%
Gross profitRs m7981,054882-16.3%10.5%
DepreciationRs m2753924155.9%50.9%
InterestRs m505655-1.4%9.1%
Profit before taxRs m486738439-40.5%-9.7%
TaxRs m6713075-41.9%13.2%
Profit after taxRs m420608364-40.2%-13.3%
Gross profit margin%19.620.416.9
Effective tax rate%13.717.617.2
Net profit margin%10.211.56.9
* 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 27.8% on a year-on-year (YoY) basis. The expenses were up by 32.1% YoY during the same period.
  • The company's operating profit increased by 10.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.9% in 3QFY19 as against 19.6% in 3QFY18.
  • Depreciation charges increased by 50.9% and finance costs increased by 9.1% YoY, respectively.
  • Other income increased by 96.9% YoY during the quarter.
  • Net profit for the quarter declined by 13.3% YoY. Net profit margins during the quarter declined from 10.2% in 3QFY18 to 6.9% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.6% QoQ during the same period.
  • The company's operating profit declined by 16.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.9% in 3QFY19 as against 20.4% in 2QFY18.
  • Net profit for the quarter declined by 40.2% QoQ, while net profit margins declined from 11.5% in 2QFY18 to 6.9% in 3QFY19.

To see how TAKE SOLUTIONS has performed over the last eight quarters, please visit here.

TAKE SOLUTIONS Share Price Performance

Over the last one year, TAKE SOLUTIONS share price has moved up from Rs 171.5 to Rs 133.3, registering a Loss of Rs 38.2 or around 22.3%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,200.0 (up 0.6%). Over the last one year it has moved up from 12,504.9 to 15,200.0, a gain of 2,695 points (up 21.6%).

Overall, the S&P BSE SENSEX is up 6.3% over the year.

Current Valuations

At the current price of Rs 133.3, the price to earnings (P/E) ratio of TAKE SOLUTIONS stands at 8.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.5 times.

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