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- AMBIKA COTTON Announces Quarterly Results (1QFY21); Net Profit Down 63.7%
AMBIKA COTTON Announces Quarterly Results (1QFY21); Net Profit Down 63.7%
Tue, 29 Sep
AMBIKA COTTON has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:
AMBIKA COTTON Quarterly Financials
| No. of Mths Qtr. Ending | 3 Jun-19* | 3 Mar-20* | 3 Jun-20* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 1,513 | 1,468 | 992 | -32.4% | -34.5% |
| Other income | Rs m | 3 | 2 | 1 | -29.4% | -62.5% |
| Turnover | Rs m | 1,516 | 1,470 | 993 | -32.4% | -34.5% |
| Expenses | Rs m | 1,219 | 1,251 | 841 | -32.8% | -31.0% |
| Gross profit | Rs m | 294 | 217 | 150 | -30.6% | -48.9% |
| Depreciation | Rs m | 67 | 72 | 70 | -2.6% | 4.6% |
| Interest | Rs m | 29 | 20 | 20 | 2.0% | -30.6% |
| Profit before tax | Rs m | 201 | 126 | 61 | -51.7% | -69.6% |
| Tax | Rs m | 63 | 22 | 11 | -50.7% | -82.7% |
| Profit after tax | Rs m | 138 | 104 | 50 | -52.0% | -63.7% |
| Gross profit margin | % | 19.4 | 14.8 | 15.2 | ||
| Effective tax rate | % | 31.4 | 17.5 | 17.9 | ||
| Net profit margin | % | 9.1 | 7.1 | 5.0 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter fell 34.5% on a year-on-year (YoY) basis. The expenses were down by 31.0% YoY during the same period.
- The company's operating profit declined by 48.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.2% in 1QFY21 as against 19.4% in 1QFY20.
- Depreciation charges increased by 4.6% and finance costs declined by 30.6% YoY, respectively.
- Other income declined by 62.5% YoY during the quarter.
- Net profit for the quarter declined by 63.7% YoY. Net profit margins during the quarter declined from 9.1% in 1QFY20 to 5.0% in 1QFY21.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter fell 32.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 32.8% QoQ during the same period.
- The company's operating profit declined by 30.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.2% in 1QFY21 as against 14.8% in 4QFY20.
- Net profit for the quarter declined by 52.0% QoQ, while net profit margins declined from 7.1% in 4QFY20 to 5.0% in 1QFY21.
To see how AMBIKA COTTON has performed over the last eight quarters,please visit here.
Get Details: We are Bullish on These 3 Little-known Stocks
AMBIKA COTTON Share Price Performance
Over the last one year, AMBIKA COTTON share price has moved down from Rs 926.9 to Rs 645.0, registering a Loss of Rs 281.9 or around 30.4%.
Overall, the S&P BSE SENSEX is down 1.4% over the year.
Current Valuations
At the current price of Rs 645.0, the price to earnings (P/E) ratio of AMBIKA COTTON stands at 8.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.8 times.
Related Views on News
AMBIKA COTTON Announces Quarterly Results (3QFY20); Net Profit Up 0.7% (Quarterly Result Update)
Feb 7, 2020 | Updated on Feb 7, 2020For the quarter ended December 2019, AMBIKA COTTON has posted a net profit of Rs 162 m (up 0.7% YoY). Sales on the other hand came in at Rs 2 bn (up 0.8% YoY). Read on for a complete analysis of AMBIKA COTTON's quarterly results.
AMBIKA COTTON Announces Quarterly Results (1QFY20); Net Profit Down 17.8% (Quarterly Result Update)
Aug 19, 2019 | Updated on Aug 19, 2019For the quarter ended June 2019, AMBIKA COTTON has posted a net profit of Rs 138 m (down 17.8% YoY). Sales on the other hand came in at Rs 2 bn (down 7.2% YoY). Read on for a complete analysis of AMBIKA COTTON's quarterly results.
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