AGC Networks Ltd Q4 FY20 consolidated net profit at Rs. 41.22 crore

AGC Networks Limited has reported financial results for the period ended March 31, 2020.

Financial Results (Q4 FY19-20) - QoQ Comparison

The company has reported total income of Rs.1252.55 crores during the period ended March 31, 2020 as compared to Rs.1258.74 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.41.22 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.(49.16) crores for the period ended December 31, 2019.

The company has reported EPS of Rs.13.86 for the period ended March 31, 2020 as compared to Rs.(16.53) for the period ended December 31, 2019.

Financials	Q4 FY19-20	Q3 FY19-20	% Change
Total Income	₹ 1252.55 crs	₹ 1258.74 crs	-0.49%
Net Profit	₹ 41.22 crs	₹ (49.16) crs	183.85%
EPS	₹ 13.86	₹ (16.53)	183.85%

Financial Results (Q4 FY19-20) - YoY Comparison

The company has reported total income of Rs.1252.55 crores during the period ended March 31, 2020 as compared to Rs.1233.08 crores during the period ended March 31, 2019.

The company has posted net profit / (loss) of Rs.41.22 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.(98.02) crores for the period ended March 31, 2019.

The company has reported EPS of Rs.13.86 for the period ended March 31, 2020 as compared to Rs.(33.57) for the period ended March 31, 2019.

Financials	Q4 FY19-20	Q4 FY18-19	% Change
Total Income	₹ 1252.55 crs	₹ 1233.08 crs	1.58%
Net Profit	₹ 41.22 crs	₹ (98.02) crs	142.05%
EPS	₹ 13.86	₹ (33.57)	141.29%

Financial Results (12 months ended FY 19-20) - YoY Comparison

The company has reported total income of Rs.5026.95 crores during the 12 months period ended March 31, 2020 as compared to Rs.1859.18 crores during the 12 months period ended March 31, 2019.

The company has posted net profit / (loss) of Rs.41.12 crores for the 12 months period ended March 31, 2020 as against net profit / (loss) of Rs.(78.77) crores for the 12 months period ended March 31, 2019.

The company has reported EPS of Rs.13.83 for the 12 months period ended March 31, 2020 as compared to Rs.(26.97) for the 12 months period ended March 31, 2019.

Financials	Year Ended FY19-20	Year Ended FY18-19	% Change
Total Income	₹ 5026.95 crs	₹ 1859.18 crs	170.39%
Net Profit	₹ 41.12 crs	₹ (78.77) crs	152.2%
EPS	₹ 13.83	₹(26.97)	151.28%

Speaking on the announcement of the financial results, Sanjeev Verma, Whole-time Director, AGC Networks said "This year has been a year of transformation for us since the acquisition of Black Box Corporation, driving scale and profitability. We continue to drive our glocal approach in each of the respective geographies."

Deepak Kumar Bansal, Executive Director and CFO of AGC Networks, commented: "AGC continues to improve its financial performance in line with transformation initiatives, opening up path for various growth opportunities. Continued focus on financial metrics including liquidity management is helping the Company in handling current COVID-19 pandemic situation across all geographies."

Shares of AGC Networks Limited was last trading in BSE at Rs.297 as compared to the previous close of Rs. 283.35. The total number of shares traded during the day was 217 in over 20 trades.

The stock hit an intraday high of Rs. 297 and intraday low of 272.1. The net turnover during the day was Rs. 61299.

Source : Equity Bulls

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