AMBIKA COTTON Announces Quarterly Results (3QFY20); Net Profit Up 0.7%

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AMBIKA COTTON Announces Quarterly Results (3QFY20); Net Profit Up 0.7%
Fri, 7 Feb

AMBIKA COTTON has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

AMBIKA COTTON Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m1,6371,6011,6493.0%0.8%
Other incomeRs m320-82.6%-87.9%
TurnoverRs m1,6401,6031,6502.9%0.6%
ExpensesRs m1,3181,3641,343-1.5%1.9%
Gross profitRs m31923730629.3%-4.0%
DepreciationRs m766868-0.3%-9.9%
InterestRs m252717-36.6%-31.3%
Profit before taxRs m22114322154.2%-0.1%
TaxRs m602558130.8%-2.2%
Profit after taxRs m16111816237.7%0.7%
Gross profit margin%19.514.818.5
Effective tax rate%27.017.726.4
Net profit margin%9.87.49.8
* 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 0.8% on a year-on-year (YoY) basis. The expenses were up by 1.9% YoY during the same period.
  • The company's operating profit declined by 4.0% YoY during the quarter. Consequently, operating profit margins remained same and stood at 18.5% in 3QFY20.
  • Depreciation charges declined by 9.9% and finance costs declined by 31.3% YoY, respectively.
  • Other income declined by 87.9% YoY during the quarter.
  • Net profit for the quarter increased by 0.7% YoY. Net profit margins during the quarter increased from 9.8% in 3QFY19 to 9.8% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 3.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.5% QoQ during the same period.
  • The company's operating profit increased by 29.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.5% in 3QFY20 as against 14.8% in 2QFY19.
  • Net profit for the quarter increased by 37.7% QoQ, while net profit margins increased from 7.4% in 2QFY19 to 9.8% in 3QFY20.

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 1,133.8 to Rs 849.6, registering a Loss of Rs 284.2 or around 25.1%.

Overall, the S&P BSE SENSEX is up 11.4% over the year.

Current Valuations

At the current price of Rs 849.6, the price to earnings (P/E) ratio of AMBIKA COTTON stands at 9.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.1 times.

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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.

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

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