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AMBIKA COTTON Announces Quarterly Results (2QFY19); Net Profit Up 14.7%

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AMBIKA COTTON Announces Quarterly Results (2QFY19); Net Profit Up 14.7%
Wed, 14 Nov

AMBIKA COTTON has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

AMBIKA COTTON Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m1,3961,6311,7517.3%25.4%
Other incomeRs m11223.1%166.7%
TurnoverRs m1,3971,6321,7527.4%25.5%
ExpensesRs m1,1221,3091,4269.0%27.1%
Gross profitRs m2743223240.7%18.3%
DepreciationRs m7171722.4%1.7%
InterestRs m92119-6.8%108.7%
Profit before taxRs m1952322350.9%20.6%
TaxRs m4765650.8%39.1%
Profit after taxRs m1481681691.0%14.7%
Gross profit margin%19.619.818.5
Effective tax rate%24.127.827.8
Net profit margin%10.610.39.7
* 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 grew 25.4% on a year-on-year (YoY) basis. The expenses were up by 27.1% YoY during the same period.
  • The company's operating profit increased by 18.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.5% in 2QFY19 as against 19.6% in 2QFY18.
  • Depreciation charges increased by 1.7% and finance costs increased by 108.7% YoY, respectively.
  • Other income increased by 166.7% YoY during the quarter.
  • Net profit for the quarter increased by 14.7% YoY. Net profit margins during the quarter declined from 10.6% in 2QFY18 to 9.7% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 7.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 9.0% QoQ during the same period.
  • The company's operating profit declined by 0.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.5% in 2QFY19 as against 19.8% in 1QFY18.
  • Net profit for the quarter increased by 1.0% QoQ, while net profit margins declined from 10.3% in 1QFY18 to 9.7% in 2QFY19.

To see how AMBIKA COTTON has performed over the last eight quarters, please visit here.

AMBIKA COTTON Share Price Performance

Over the last one year, AMBIKA COTTON share price has moved up from Rs 1,299.0 to Rs 1,216.4, registering a Loss of Rs 82.6 or around 6.4%.

Overall, the S&P BSE SENSEX is up 6.5% over the year.

Current Valuations

At the current price of Rs 1,216.4, the price to earnings (P/E) ratio of AMBIKA COTTON stands at 10.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.7 times.

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AMBIKA COTTON 2017-18 Annual Report Analysis (Annual Result Update)

Dec 18, 2018 | Updated on Dec 18, 2018

Here's an analysis of the annual report of AMBIKA COTTON for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of AMBIKA COTTON. Also includes updates on the valuation of AMBIKA COTTON.

AMBIKA COTTON Announces Quarterly Results (1QFY19); Net Profit Up 16.3% (Quarterly Result Update)

Aug 16, 2018 | Updated on Aug 16, 2018

For the quarter ended June 2018, AMBIKA COTTON has posted a net profit of Rs 168 m (up 16.3% YoY). Sales on the other hand came in at Rs 2 bn (up 18.4% YoY). Read on for a complete analysis of AMBIKA COTTON's quarterly results.

AMBIKA COTTON Announces Quarterly Results (4QFY18); Net Profit Up 14.9% (Quarterly Result Update)

Jun 6, 2018 | Updated on Jun 6, 2018

For the quarter ended March 2018, AMBIKA COTTON has posted a net profit of Rs 160 m (up 14.9% YoY). Sales on the other hand came in at Rs 2 bn (up 11.5% YoY). Read on for a complete analysis of AMBIKA COTTON's quarterly results.

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