AMARA RAJA BATTERIES Announces Quarterly Results (1QFY20); Net Profit Up 24.7%

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AMARA RAJA BATTERIES Announces Quarterly Results (1QFY20); Net Profit Up 24.7%
Mon, 22 Jul

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

AMARA RAJA BATTERIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m17,78715,66718,15015.8%2.0%
Other incomeRs m1376310261.9%-25.4%
TurnoverRs m17,92415,73118,25216.0%1.8%
ExpensesRs m15,58413,24615,35815.9%-1.5%
Gross profitRs m2,2032,4212,79215.3%26.8%
DepreciationRs m6306837337.3%16.5%
InterestRs m15192956.2%94.0%
Profit before taxRs m1,6951,7832,13219.6%25.8%
TaxRs m56558972322.7%28.0%
Profit after taxRs m1,1301,1931,40918.1%24.7%
Gross profit margin%12.415.515.4
Effective tax rate%33.333.033.9
Net profit margin%6.37.67.7
* 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 2.0% on a year-on-year (YoY) basis. The expenses were down by 1.5% YoY during the same period.
  • The company's operating profit increased by 26.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.4% in 1QFY20 as against 12.4% in 1QFY19.
  • Depreciation charges increased by 16.5% and finance costs increased by 94.0% YoY, respectively.
  • Other income declined by 25.4% YoY during the quarter.
  • Net profit for the quarter increased by 24.7% YoY. Net profit margins during the quarter increased from 6.3% in 1QFY19 to 7.7% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 15.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 15.9% QoQ during the same period.
  • The company's operating profit declined by 15.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.4% in 1QFY20 as against 15.5% in 4QFY19.
  • Net profit for the quarter increased by 18.1% QoQ, while net profit margins increased from 7.6% in 4QFY19 to 7.7% in 1QFY20.

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

AMARA RAJA BATTERIES Share Price Performance

Over the last one year,AMARA RAJA BATTERIES share price has moved down from Rs 765.3 to Rs 623.3, registering a Loss of Rs 142.0 or around 18.5%.

Overall, the S&P BSE SENSEX is up 4.7% over the year.

Current Valuations

At the current price of Rs 623.3, the price to earnings (P/E) ratio of AMARA RAJA BATTERIES stands at 20.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.6 times.

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1 Responses to "AMARA RAJA BATTERIES Announces Quarterly Results (1QFY20); Net Profit Up 24.7%"

Manish Shah

Aug 29, 2019

If amar raja has terminated agreement with johnsons controls how are they going to face the technological churn taking place in this industry. For all we know tomorrow the batteries we know today would become defunct due to some innovation and existing players would go the way kodak went.. This is a worrying factor....

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