AIA ENGINEERING Announces Quarterly Results (1QFY20); Net Profit Up 33.1%

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AIA ENGINEERING Announces Quarterly Results (1QFY20); Net Profit Up 33.1%
Fri, 16 Aug

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

AIA ENGINEERING Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m7,1528,8727,333-17.3%2.5%
Other incomeRs m20223638663.5%91.5%
TurnoverRs m7,3549,1087,719-15.3%5.0%
ExpensesRs m5,5966,9595,647-18.9%0.9%
Gross profitRs m1,5561,9131,686-11.8%8.4%
DepreciationRs m1652272364.2%42.8%
InterestRs m182014-27.6%-22.0%
Profit before taxRs m1,5741,9031,822-4.2%15.8%
TaxRs m52634442724.1%-18.8%
Profit after taxRs m1,0481,5591,395-10.5%33.1%
Gross profit margin%21.821.623.0
Effective tax rate%33.418.123.4
Net profit margin%14.317.118.1
* 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 2.5% on a year-on-year (YoY) basis. The expenses were up by 0.9% YoY during the same period.
  • The company's operating profit increased by 8.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 23.0% in 1QFY20 as against 21.8% in 1QFY19.
  • Depreciation charges increased by 42.8% and finance costs declined by 22.0% YoY, respectively.
  • Other income increased by 91.5% YoY during the quarter.
  • Net profit for the quarter increased by 33.1% YoY. Net profit margins during the quarter increased from 14.3% in 1QFY19 to 18.1% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 17.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 18.9% QoQ during the same period.
  • The company's operating profit increased by 11.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 23.0% in 1QFY20 as against 21.6% in 4QFY19.
  • Net profit for the quarter declined by 10.5% QoQ, while net profit margins increased from 17.1% in 4QFY19 to 18.1% in 1QFY20.

To see how AIA ENGINEERING has performed over the last eight quarters,please visit here.

AIA ENGINEERING Share Price Performance

Over the last one year,AIA ENGINEERING share price has moved down from Rs 1,776.1 to Rs 1,651.8, registering a Loss of Rs 124.3 or around 7.0%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 16,943.6 (up 0.0%). Over the last one year it has moved down from 17,750.1 to 16,943.6, a gain of 806 points (down 4.5%).

Overall, the S&P BSE SENSEX is down 1.4% over the year.

Current Valuations

At the current price of Rs 1,651.8, the price to earnings (P/E) ratio of AIA ENGINEERING stands at 28.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.2 times.

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