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.

Get Details: These 3 Stocks are the Dark Horses of the Stock Market

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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Related Views on News

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

Sep 29, 2020 | Updated on Sep 29, 2020

For the quarter ended June 2020, AMBIKA COTTON has posted a net profit of Rs 50 m (down 63.7% YoY). Sales on the other hand came in at Rs 992 m (down 34.5% 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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