AMARA RAJA BATT. Announces Quarterly Results (3QFY19); Net Profit Down 2.6%

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AMARA RAJA BATT. Announces Quarterly Results (3QFY19); Net Profit Down 2.6%
Thu, 14 Feb

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

AMARA RAJA BATT. Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m15,53517,53116,947-3.3%9.1%
Other incomeRs m168142125-12.2%-25.4%
TurnoverRs m15,70217,67317,072-3.4%8.7%
ExpensesRs m13,11915,16414,419-4.9%9.9%
Gross profitRs m2,4162,3662,5286.8%4.6%
DepreciationRs m5876436572.2%11.8%
InterestRs m111818-1.6%58.4%
Profit before taxRs m1,9851,8481,9787.0%-0.3%
TaxRs m6406466693.6%4.5%
Profit after taxRs m1,3451,2021,3098.9%-2.6%
Gross profit margin%15.613.514.9
Effective tax rate%32.334.933.8
Net profit margin%8.66.87.7
* 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 9.1% on a year-on-year (YoY) basis. The expenses were up by 9.9% YoY during the same period.
  • The company's operating profit increased by 4.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.9% in 3QFY19 as against 15.6% in 3QFY18.
  • Depreciation charges increased by 11.8% and finance costs increased by 58.4% YoY, respectively.
  • Other income declined by 25.4% YoY during the quarter.
  • Net profit for the quarter declined by 2.6% YoY. Net profit margins during the quarter declined from 8.6% in 3QFY18 to 7.7% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 3.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 4.9% QoQ during the same period.
  • The company's operating profit increased by 6.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.9% in 3QFY19 as against 13.5% in 2QFY18.
  • Net profit for the quarter increased by 8.9% QoQ, while net profit margins increased from 6.8% in 2QFY18 to 7.7% in 3QFY19.

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 839.4 to Rs 742.1, registering a Loss of Rs 97.3 or around 11.6%.

Overall, the S&P BSE SENSEX is up 5.2% over the year.

Current Valuations

At the current price of Rs 742.1, the price to earnings (P/E) ratio of AMARA RAJA BATT. stands at 26.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.3 times.

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