ADOR WELDING Announces Quarterly Results (1QFY20); Net Profit Up 4.4%

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ADOR WELDING Announces Quarterly Results (1QFY20); Net Profit Up 4.4%
Mon, 29 Jul

ADOR WELDING has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

ADOR WELDING Quarterly Financials

No. of Mths
Qtr. Ending
QoQ ChangeYoY Change
Net SalesRs m1,0261,5001,296-13.6%26.3%
Other incomeRs m22192845.3%25.1%
TurnoverRs m1,0491,5191,324-12.9%26.3%
ExpensesRs m9511,3631,204-11.7%26.6%
Gross profitRs m7513792-32.6%22.5%
DepreciationRs m2425260.4%6.3%
InterestRs m162820-29.6%22.7%
Profit before taxRs m5710275-27.0%30.2%
TaxRs m16283112.9%97.5%
Profit after taxRs m417443-42.0%4.4%
Gross profit margin%
Effective tax rate%27.827.242.1
Net profit margin%
* 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 26.3% on a year-on-year (YoY) basis. The expenses were up by 26.6% YoY during the same period.
  • The company's operating profit increased by 22.5% YoY during the quarter. Consequently, operating profit margins remained same and stood at 7.1% in 1QFY20.
  • Depreciation charges increased by 6.3% and finance costs increased by 22.7% YoY, respectively.
  • Other income increased by 25.1% YoY during the quarter.
  • Net profit for the quarter increased by 4.4% YoY. Net profit margins during the quarter declined from 3.9% in 1QFY19 to 3.3% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 13.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 11.7% QoQ during the same period.
  • The company's operating profit declined by 32.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.1% in 1QFY20 as against 9.1% in 4QFY19.
  • Net profit for the quarter declined by 42.0% QoQ, while net profit margins declined from 4.9% in 4QFY19 to 3.3% in 1QFY20.

To see how ADOR WELDING has performed over the last eight quarters,please visit here.

ADOR WELDING Share Price Performance

Over the last one year,ADOR WELDING share price has moved up from Rs 306.7 to Rs 309.7, registering a Gain of Rs 3.0 or around 1.0%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,489.8 (down 1.6%). Over the last one year it has moved down from 18,164.6 to 17,489.8, a gain of 675 points (down 3.7%).

Overall, the S&P BSE SENSEX is up 1.7% over the year.

Current Valuations

At the current price of Rs 309.7, the price to earnings (P/E) ratio of ADOR WELDING stands at 17.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.7 times.

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