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Talwalkars Better value Fitness Q4FY16 consolidated net profit rises 12.98% yoy to Rs.20.20 crore : In-line with Estimates

The company’s consolidated revenue stood at Rs. 79.98 crore, up 16.03% yoy and 67.81% qoq.

May 05, 2016 8:10 IST | India Infoline News Service
Talwalkars Better value Fitness, Integrated in chain of Gyms, fitness clubs and health club, reported consolidated net profit of Rs. 20.20 crore for the quarter ended March 31, 2016, registering growth of 12.98% yoy and 272.69% qoq. The company’s revenue stood at Rs. 79.98 crore, up 16.03% yoy and 67.81% qoq.

Its consolidated core operating profit of Rs. 54.93 crore for the quarter, clocked growth of 18.43% yoy and 136.46% qoq. Operating profit margin for the current quarter at 68.68% expanded by 139 bps yoy and 1994 bps qoq.

For the year ended March 31, 2016, the company reported consolidated net profit of Rs. 55.02 crore, growing by 19.43% yoy. Its consolidated revenue for the period stood at Rs. 258.13 crore, registering growth of 13.95% yoy.

Talwalkars Better value Fitness core operating profit stood at Rs. 150.23 crore, recording growth of 19.81% yoy. Operating margin for the current period at 60.68% expanded by 533 bps yoy.

On standalone basis,Talwalkars Better value Fitness reported standalone net profit of Rs. 20.55 crore for the quarter ended March 31, 2016, registering growth of 21.45% yoy and 289.35% qoq. The company’s revenue stood at Rs. 75.59 crore, up 17.62% yoy and 77.73% qoq.

Its standalone core operating profit of Rs. 54.74 crore for the quarter, clocked growth of 24.94% yoy and 163.46% qoq. Operating profit margin for the current quarter at 72.42% expanded by 424 bps yoy and 2357 bps qoq.

For the year ended March 31, 2016, the company reported standalone net profit of Rs. 53.39 crore, growing by 24.21% yoy. Its standalone revenue for the period stood at Rs. 235.95 crore, registering growth of 17.38% yoy.

Talwalkars Better value Fitness core operating profit stood at Rs. 141.75 crore, recording growth of 24.9% yoy. Operating margin for the current period at 63.07% expanded by 661 bps yoy.

Result Highlights: (Rs. in crore)

Reported Results IIFL Estimates Variance (%)
Consolidated Revenue 79.98 75 6.64
Consolidated Net Profit 20.20 20 1

Consolidated EPS for the quarter stood at Rs. 6.99.

Bloomberg estimated the company’s consolidated net profit at Rs. 19.17 crore.

Stock Commentary:

Talwalkars Better value Fitness Ltd is currently trading at Rs. 207, up by 12.3 points or 6.32% from its previous closing of Rs. 194.7 on the BSE.

The scrip opened at Rs. 201 and has touched a high and low of Rs. 211 and Rs. 201 respectively. So far 1653455(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 578.35 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 361 on 01-Jun-2015 and a 52 week low of Rs. 182 on 29-Mar-2016. Last one week high and low of the scrip stood at Rs. 209.5 and Rs. 192.4 respectively.

The promoters holding in the company stood at 37.95 % while Institutions and Non-Institutions held 23.54 % and 38.5 % respectively.

The stock is currently trading below its 200 DMA.


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