ABB INDIA Announces Quarterly Results (4QFY20); Net Profit Down 25.9%

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ABB INDIA Announces Quarterly Results (4QFY20); Net Profit Down 25.9%
Fri, 15 May

ABB INDIA has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:

ABB INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m18,50319,53315,222-22.1%-17.7%
Other incomeRs m19138445819.2%139.4%
TurnoverRs m18,69419,91715,680-21.3%-16.1%
ExpensesRs m17,04718,14915,077-16.9%-11.6%
Gross profitRs m1,4556877133.8%-51.0%
DepreciationRs m23322427120.7%16.1%
InterestRs m264734-28.3%28.4%
Profit before taxRs m1,3878008668.3%-37.6%
TaxRs m49715320634.7%-58.5%
Profit after taxRs m8906476602.1%-25.9%
Gross profit margin%7.93.54.7
Effective tax rate%35.819.123.8
Net profit margin%4.83.24.2
* 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 17.7% on a year-on-year (YoY) basis. The expenses were down by 11.6% YoY during the same period.
  • The company's operating profit declined by 51.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.7% in 4QFY20 as against 7.9% in 4QFY19.
  • Depreciation charges increased by 16.1% and finance costs increased by 28.4% YoY, respectively.
  • Other income increased by 139.4% YoY during the quarter.
  • Net profit for the quarter declined by 25.9% YoY. Net profit margins during the quarter declined from 4.8% in 4QFY19 to 4.2% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 22.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 16.9% QoQ during the same period.
  • The company's operating profit increased by 3.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 4.7% in 4QFY20 as against 3.5% in 3QFY19.
  • Net profit for the quarter increased by 2.1% QoQ, while net profit margins increased from 3.2% in 3QFY19 to 4.2% in 4QFY20.

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

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ABB INDIA Share Price Performance

Over the last one year,ABB INDIA share price has moved down from Rs 1,237.8 to Rs 839.0, registering a Loss of Rs 398.8 or around 32.2%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 11,763.7 (up 0.5%). Over the last one year it has moved down from 17,373.4 to 11,763.7, a gain of 5,610 points (down 32.3%).

Overall, the S&P BSE SENSEX is down 16.9% over the year.

Current Valuations

At the current price of Rs 839.0, the price to earnings (P/E) ratio of ABB INDIA stands at 63.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.4 times.

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