Take Solutions Q4FY16 consolidated net profit rises 29.7% qoq to Rs.31.11 crore : Beats Estimates

India Infoline News Service | Mumbai | May 12, 2016 14:12 IST

The company’s consolidated revenue stood at Rs. 312.06 crore, up 25.94% qoq and 45.06% yoy.

Take Solutions , global technology solutions and service provider, reported consolidated net profit of Rs. 31.11 crore for the quarter ended March 31, 2016, registering growth of 29.7% qoq and 14.85% yoy. The company’s revenue stood at Rs. 312.06 crore, clocking growth of 25.94% qoq and 45.06% yoy.

It's consolidated operating profit of Rs. 63.81 crore for the quarter, grew 26.92% qoq and 36.7% yoy. Operating profit margin for the current quarter at 20.45% expanded by 16 bps qoq but contracted by 125 bps yoy.

For the year ended March 31, 2016, the company reported consolidated net profit of Rs. 119.65 crore, up by 71.22% yoy. It's consolidated revenue for the current period stood at Rs. 1,030.13 crore, registering growth of 41.03% yoy.

Take Solutions Ltd's consolidated core operating profit for the current period stood at Rs. 213.28 crore, increasing by 42.75% yoy. Operating margin for the current period at 20.64% expanded by 18 bps yoy.

On standalone basis, the company reported net profit of Rs. 10.06 crore for the quarter ended March 31, 2016, registering growth of 83.28% qoq and 40.15% yoy. It’s revenue stood at Rs. 10.68 crore, clocking growth of 121.12% qoq and 60.87% yoy.

For the year ended March 31, 2016, the company reported standalone net profit of Rs. 18.22 crore, up by 60.98% yoy. It's standalone revenue for the current period stood at Rs. 23.57 crore, registering decline of 8.93% yoy.

Take Solutions Ltd's core operating profit for the current period stood at Rs. 4.99 crore, increasing by 275.19% yoy. Operating margin for the current period at 20.61% expanded by 1547 bps yoy.

Result Highlights: (Rs. in crore)

Reported Results IIFL Estimates Variance (%)
Consolidated Revenue 312.06 270.1 15.53
Consolidated Net Profit 31.11 25.65 21.29

Bloomberg estimated the company’s consolidated net profit at Rs. 33.50 crore.

Corporate Action: Take Solution's board of directors at its meeting held on May 12, 2016, has recommended a Final Dividend of 40% (Rs. 0.40/- per Equity Share of (Rs. 1.00/- each), and the Dividend shall be paid/dispatched on or before September 24, 2016 subject to approval of members in the ensuing Annual General Meeting

Stock Commentary:

Take Solutions Ltd is currently trading at Rs. 152.5, up by 7.2 points or 4.96% from its previous closing of Rs. 145.3 on the BSE.

The scrip opened at Rs. 146.9 and has touched a high and low of Rs. 153.5 and Rs. 141.1 respectively. So far 3842104(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1778.47 crore.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 210.5 on 02-Dec-2015 and a 52 week low of Rs. 91 on 11-Jun-2015. Last one week high and low of the scrip stood at Rs. 148.3 and Rs. 129.8 respectively.

The promoters holding in the company stood at 68.73 % while Institutions and Non-Institutions held 6.48 % and 24.8 % respectively.

The stock is currently trading below its 200 DMA.



***Note: This is a NSE Chart

 

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