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Geometric's Q4FY16 consolidated net profit rises 18% qoq to Rs.34.26 crore : More or less in line with estimates

The company’s consolidated revenue stood at Rs. 312.70 crore, down 0.68% qoq but up 16.72% yoy.

May 06, 2016 2:49 IST | India Infoline News Service
Geometric
Geometric, specialist in engineering solutions, services and technologies, reported consolidated net profit of Rs. 34.26 crore for the quarter ended March 31, 2016, registering growth of 18.3% qoq and 941.34% yoy. The company’s revenue stood at Rs. 312.70 crore, declining 0.68% qoq but grew by 16.72% yoy.

It's consolidated operating profit of Rs. 52.83 crore for the quarter, declined 5.17% qoq but grew 263.34% yoy. Operating profit margin for the current quarter at 16.89% contracted by 80 bps qoq but expanded by 1146 bps yoy.

For the year ended March 31, 2016, the company reported consolidated net profit of Rs. 105.35 crore, up by 90.96% yoy. It's consolidated revenue for the current period stood at Rs. 1,233.46 crore, registering growth of 11.59% yoy.

Geometric's consolidated core operating profit for the current period stood at Rs. 176.47 crore, increasing by 32.11% yoy. Operating margin for the current period at 14.68% expanded by 293 bps yoy.

On standalone basis, the company reported net profit of Rs. 39.21 crore for the quarter ended March 31, 2016, registering growth of 119.05% qoq and 971.31% yoy. It’s revenue stood at Rs. 114.38 crore, clocking growth of 4.36% qoq and 32.09% yoy.

Geometric's operating profit of Rs. 37.86 crore for the quarter, grew 44.23% qoq and 3927.66% yoy. Operating profit margin for the current quarter at 33.1% expanded by 915 bps qoq and 3201 bps yoy.

For the year ended March 31, 2016, the company reported standalone net profit of Rs. 97.69 crore, up by 31.39% yoy. It's standalone revenue for the current period stood at Rs. 423.12 crore, registering growth of 10.91% yoy.

Geometric's core operating profit for the current period stood at Rs. 81.12 crore, increasing by 25.03% yoy. Operating margin for the current period at 22.14% expanded by 513 bps yoy.

Result Highlights: (Rs. in crore)

Reported Results IIFL Estimates Variance (%)
Consolidated Revenue 312.70 321.15 [2.63]
Consolidated Net Profit 34.26 32.6 5.09

Consolidated EPS for the quarter stood at Rs. 5.27.

Bloomberg estimated the company’s consolidated net profit at Rs. 32.70 crore.

Stock Commentary:

Geometric Ltd is currently trading at Rs. 208.8, down by 0.6 points or 0.29% from its previous closing of Rs. 209.4 on the BSE.

The scrip opened at Rs. 209.45 and has touched a high and low of Rs. 212.65 and Rs. 206.5 respectively. So far 581123(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1361.74 crore.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 236.2 on 18-Apr-2016 and a 52 week low of Rs. 101.5 on 16-Jun-2015. Last one week high and low of the scrip stood at Rs. 221 and Rs. 206 respectively.

The promoters holding in the company stood at 37.7 % while Institutions and Non-Institutions held 8.34 % and 53.95 % respectively.

The stock is currently trading below its 50 DMA.


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