ABB INDIA Announces Quarterly Results (1QFY20); Net Profit Down 31.7%

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ABB INDIA Announces Quarterly Results (1QFY20); Net Profit Down 31.7%
Mon, 29 Jul

ABB INDIA has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

ABB INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m27,12718,50317,258-6.7%-36.4%
Other incomeRs m2361912046.5%-13.5%
TurnoverRs m27,36318,69417,461-6.6%-36.2%
ExpensesRs m25,16817,04716,019-6.0%-36.4%
Gross profitRs m1,9591,4551,239-14.9%-36.8%
DepreciationRs m356233220-5.6%-38.2%
InterestRs m2322696262.5%-58.7%
Profit before taxRs m1,6071,3871,127-18.8%-29.9%
TaxRs m586497429-13.6%-26.7%
Profit after taxRs m1,022890697-21.7%-31.7%
Gross profit margin%7.27.97.2
Effective tax rate%36.435.838.1
Net profit margin%3.74.84.0
* 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 36.4% on a year-on-year (YoY) basis. The expenses were down by 36.4% YoY during the same period.
  • The company's operating profit declined by 36.8% YoY during the quarter. Consequently, operating profit margins remained same and stood at 7.2% in 1QFY20.
  • Depreciation charges declined by 38.2% and finance costs declined by 58.7% YoY, respectively.
  • Other income declined by 13.5% YoY during the quarter.
  • Net profit for the quarter declined by 31.7% YoY. Net profit margins during the quarter increased from 3.7% in 1QFY19 to 4.0% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 6.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.0% QoQ during the same period.
  • The company's operating profit declined by 14.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.2% in 1QFY20 as against 7.9% in 4QFY19.
  • Net profit for the quarter declined by 21.7% QoQ, while net profit margins declined from 4.8% in 4QFY19 to 4.0% in 1QFY20.

To see how ABB INDIA has performed over the last eight quarters,please visit here.

ABB INDIA Share Price Performance

Over the last one year,ABB INDIA share price has moved up from Rs 1,184.8 to Rs 1,390.0, registering a Gain of Rs 205.2 or around 17.3%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,543.6 (down 1.3%). Over the last one year it has moved down from 18,164.6 to 17,543.6, a gain of 621 points (down 3.4%).

Overall, the S&P BSE SENSEX is up 2.3% over the year.

Current Valuations

At the current price of Rs 1,390.0, the price to earnings (P/E) ratio of ABB INDIA stands at 74.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.2 times.

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