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

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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.

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