AMARA RAJA BATT. Announces Quarterly Results (2QFY19); Net Profit Down 5.5%

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AMARA RAJA BATT. Announces Quarterly Results (2QFY19); Net Profit Down 5.5%
Mon, 12 Nov

AMARA RAJA BATT. has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

AMARA RAJA BATT. Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m14,27517,78717,531-1.4%22.8%
Other incomeRs m1221371423.9%16.4%
TurnoverRs m14,39717,92417,673-1.4%22.8%
ExpensesRs m11,89415,58415,164-2.7%27.5%
Gross profitRs m2,3812,2032,3667.4%-0.6%
DepreciationRs m5846306432.1%10.1%
InterestRs m13151822.1%45.6%
Profit before taxRs m1,9071,6951,8489.0%-3.1%
TaxRs m63556564614.3%1.7%
Profit after taxRs m1,2721,1301,2026.4%-5.5%
Gross profit margin%16.712.413.5
Effective tax rate%33.333.334.9
Net profit margin%8.86.36.8
* 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 22.8% on a year-on-year (YoY) basis. The expenses were up by 27.5% YoY during the same period.
  • The company's operating profit declined by 0.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.5% in 2QFY19 as against 16.7% in 2QFY18.
  • Depreciation charges increased by 10.1% and finance costs increased by 45.6% YoY, respectively.
  • Other income increased by 16.4% YoY during the quarter.
  • Net profit for the quarter declined by 5.5% YoY. Net profit margins during the quarter declined from 8.8% in 2QFY18 to 6.8% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.7% QoQ during the same period.
  • The company's operating profit increased by 7.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.5% in 2QFY19 as against 12.4% in 1QFY18.
  • Net profit for the quarter increased by 6.4% QoQ, while net profit margins increased from 6.3% in 1QFY18 to 6.8% in 2QFY19.

To see how AMARA RAJA BATT. has performed over the last eight quarters, please visit here.

AMARA RAJA BATT. Share Price Performance

Over the last one year, AMARA RAJA BATT. share price has moved up from Rs 751.2 to Rs 769.2, registering a Gain of Rs 18.0 or around 2.4%.

Overall, the S&P BSE SENSEX is up 5.8% over the year.

Current Valuations

At the current price of Rs 769.2, the price to earnings (P/E) ratio of AMARA RAJA BATT. stands at 27.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.5 times.

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