AMBIKA COTTON Announces Quarterly Results (3QFY19); Net Profit Up 1.8%

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AMBIKA COTTON Announces Quarterly Results (3QFY19); Net Profit Up 1.8%
Thu, 14 Feb

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

AMBIKA COTTON Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m1,4801,7511,637-6.5%10.6%
Other incomeRs m323106.3%-2.9%
TurnoverRs m1,4841,7521,640-6.4%10.5%
ExpensesRs m1,1961,4261,318-7.6%10.2%
Gross profitRs m284324319-1.8%12.1%
DepreciationRs m7272764.6%4.4%
InterestRs m9192531.3%168.1%
Profit before taxRs m206235221-5.8%7.4%
TaxRs m476560-8.3%26.5%
Profit after taxRs m159169161-4.8%1.8%
Gross profit margin%19.218.519.5
Effective tax rate%22.927.827.0
Net profit margin%10.79.79.8
* 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 10.6% on a year-on-year (YoY) basis. The expenses were up by 10.2% YoY during the same period.
  • The company's operating profit increased by 12.1% YoY during the quarter. Consequently, operating profit margins remained same and stood at 19.5% in 3QFY19.
  • Depreciation charges increased by 4.4% and finance costs increased by 168.1% YoY, respectively.
  • Other income declined by 2.9% YoY during the quarter.
  • Net profit for the quarter increased by 1.8% YoY. Net profit margins during the quarter declined from 10.7% in 3QFY18 to 9.8% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 6.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.6% QoQ during the same period.
  • The company's operating profit increased by 1.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.5% in 3QFY19 as against 18.5% in 2QFY18.
  • Net profit for the quarter declined by 4.8% QoQ, while net profit margins increased from 9.6% in 2QFY18 to 9.8% in 3QFY19.

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 1,340.9 to Rs 1,131.7, registering a Loss of Rs 209.2 or around 15.6%.

Overall, the S&P BSE SENSEX is up 5.2% over the year.

Current Valuations

At the current price of Rs 1,131.7, the price to earnings (P/E) ratio of AMBIKA COTTON stands at 10.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.6 times.

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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)

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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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Dec 18, 2018 | Updated on Dec 18, 2018

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