AMTEK AUTO Announces Quarterly Results (3QFY19); Net Profit Down 6.8%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

AMTEK AUTO Announces Quarterly Results (3QFY19); Net Profit Down 6.8%
Mon, 18 Feb

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

AMTEK AUTO Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m3,1382,9892,616-12.5%-16.6%
Other incomeRs m242419-18.8%-19.5%
TurnoverRs m3,1623,0132,635-12.5%-16.7%
ExpensesRs m3,1002,8172,625-6.8%-15.3%
Gross profitRs m33172-9-105.3%-128.3%
DepreciationRs m843842840-0.2%-0.4%
InterestRs m1527270.7%76.0%
Profit before taxRs m-802-673-857
TaxRs m0000.0%0.0%
Profit after taxRs m-802-673-857
Gross profit margin%1.05.8-0.4
Effective tax rate%0.00.00.0
Net profit margin%-25.4-22.3-32.5
* 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 fell 16.6% on a year-on-year (YoY) basis. The expenses were down by 15.3% YoY during the same period.
  • The company's operating profit declined by 128.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 0.4% in 3QFY19 as against 1.0% in 3QFY18.
  • Depreciation charges declined by 0.4% and finance costs increased by 76.0% YoY, respectively.
  • Other income declined by 19.5% YoY during the quarter.
  • Net profit for the quarter declined by 6.8% YoY. Net profit margins during the quarter declined from -25.4% in 3QFY18 to -32.5% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 12.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.8% QoQ during the same period.
  • The company's operating profit declined by 105.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 0.4% in 3QFY19 as against 5.8% in 2QFY18.
  • Net profit for the quarter declined by 27.4% QoQ, while net profit margins declined from -22.3% in 2QFY18 to -32.5% in 3QFY19.

To see how AMTEK AUTO has performed over the last eight quarters, please visit here.

AMTEK AUTO Share Price Performance

Over the last one year, AMTEK AUTO share price has moved up from Rs 23.5 to Rs 2.7, registering a Loss of Rs 20.8 or around 88.5%.

Overall, the S&P BSE SENSEX is up 4.0% over the year.

Current Valuations

At the current price of Rs 2.7, the price to book value (P/BV) ratio of AMTEK AUTO stands at 0.0 times.

Equitymaster requests your view! Post a comment on "AMTEK AUTO Announces Quarterly Results (3QFY19); Net Profit Down 6.8%". Click here!

  

Related Views on News

Sorry! There are no related views on news for this company/sector.

Most Popular

Sorry Warren Buffett, I'm Following This Man Instead of You in 2020(The 5 Minute Wrapup)

Mar 30, 2020

This man warned of an impending market correction while everyone else was celebrating the renewed optimism in early 2020...

The Biggest Trading Opportunity of 2020 is Here...

Mar 26, 2020

India's #1 trader, Vijay Bhambwani, talks about a hugely profitable trading opportunity which you must know about today!

One Stock that is All Charged Up for the Post Coronavirus Rebound(The 5 Minute Wrapup)

Apr 1, 2020

A stock with strong moat is currently trading near 5-year lows.

A Safe Stock to Lockdown Now(The 5 Minute Wrapup)

Apr 2, 2020

The market crashc has made strong, established brands attractive. Here's a stock to make the most of this opportunity...

The Insiders See a Buying Opportunity in These Smallcaps Amid Coronavirus Outbreak(Profit Hunter)

Mar 31, 2020

The promoters are buying these smallcaps amid the coronavirus outbreak.

More

How to Trade the
Coronavirus Crash

Coronavirus Crash
Get this special report, authored by Equitymaster's top analysts, now.
We will never sell or rent your email id.
Please read our Terms

AMTEK AUTO SHARE PRICE


Apr 1, 2019 (Close)

TRACK AMTEK AUTO

  • Track your investment in AMTEK AUTO with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

COMPARE AMTEK AUTO WITH

MARKET STATS