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

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?  

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.

Equitymaster requests your view! Post a comment on "ABB INDIA Announces Quarterly Results (1QFY20); Net Profit Down 31.7%". Click here!

  

Related Views on News

ABB INDIA Announces Quarterly Results (4QFY19); Net Profit Down 13.1% (Quarterly Result Update)

May 8, 2019 | Updated on May 8, 2019

For the quarter ended March 2019, ABB INDIA has posted a net profit of Rs 890 m (down 13.1% YoY). Sales on the other hand came in at Rs 19 bn (down 26.7% YoY). Read on for a complete analysis of ABB INDIA's quarterly results.

ABB INDIA LTD. Announces Quarterly Results (3QFY19); Net Profit Down 25.0% (Quarterly Result Update)

Mar 5, 2019 | Updated on Mar 5, 2019

For the quarter ended December 2018, ABB INDIA LTD. has posted a net profit of Rs 1 bn (down 25.0% YoY). Sales on the other hand came in at Rs 20 bn (down 29.3% YoY). Read on for a complete analysis of ABB INDIA LTD.'s quarterly results.

ABB INDIA LTD. 2016-17 Annual Report Analysis (Annual Result Update)

Sep 18, 2018 | Updated on Sep 18, 2018

Here's an analysis of the annual report of ABB INDIA LTD. for 2016-17. It includes a full income statement, balance sheet and cash flow analysis of ABB INDIA LTD.. Also includes updates on the valuation of ABB INDIA LTD..

Garden Reach Shipbuilders and Engineers Ltd: Is This PSU Shipbuilder Worth Betting On? (IPO)

Sep 24, 2018

Should you apply for the IPO of Garden Reach Shipbuilders and Engineers Ltd?

H.G Infra Engineering Ltd. (IPO)

Feb 24, 2018

Should you subscribe to the IPO of H.G Infra Engineering Ltd.?

More Views on News

Most Popular

My 3 Best Small-cap Stocks to Get Rich in this Market Rebound(Profit Hunter)

Oct 14, 2019

This is once in a decade opportunity to make a killing from smallcap rebound.

Finally, Is the Share Price of Yes Bank Ready for a Rebound?(The 5 Minute Wrapup)

Oct 7, 2019

Here's what every individual investor must know about Yes Bank...

Rebound Riches Could be Yours With These Stocks(Profit Hunter)

Oct 4, 2019

The secret to multibagger is not big businesses, but great managements... Here's how to find them to make the most of once in a decade rebound opportunity.

The One Stock I Like in this Market(The 5 Minute Wrapup)

Oct 10, 2019

There are rare periods in markets when you get good quality stocks at attractive valuations. Is this one such period?

5 Smart Money Stocks to Profit from the Market Rebound(The 5 Minute Wrapup)

Oct 11, 2019

Now is the time to put money in these 5 stocks to take advantage of the recovery in the economy and the markets.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2020
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

ABB INDIA SHARE PRICE


Oct 15, 2019 03:37 PM

TRACK ABB INDIA

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

ABB INDIA 8-QTR ANALYSIS

COMPARE ABB INDIA WITH

MARKET STATS