AMBIKA COTTON Announces Quarterly Results (1QFY21); Net Profit Down 63.7%

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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 ChangeYoY Change
Net SalesRs m1,5131,468992-32.4%-34.5%
Other incomeRs m321-29.4%-62.5%
TurnoverRs m1,5161,470993-32.4%-34.5%
ExpensesRs m1,2191,251841-32.8%-31.0%
Gross profitRs m294217150-30.6%-48.9%
DepreciationRs m677270-2.6%4.6%
InterestRs m2920202.0%-30.6%
Profit before taxRs m20112661-51.7%-69.6%
TaxRs m632211-50.7%-82.7%
Profit after taxRs m13810450-52.0%-63.7%
Gross profit margin%19.414.815.2
Effective tax rate%31.417.517.9
Net profit margin%9.17.15.0
* 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 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.

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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.

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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, 2020

For 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, 2019

For 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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