AMARA RAJA BATTERIES Announces Quarterly Results (2QFY20); Net Profit Up 82.0%

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AMARA RAJA BATTERIES Announces Quarterly Results (2QFY20); Net Profit Up 82.0%
Mon, 11 Nov

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

AMARA RAJA BATTERIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m17,53118,15016,953-6.6%-3.3%
Other incomeRs m14210218075.5%26.1%
TurnoverRs m17,67318,25217,133-6.1%-3.1%
ExpensesRs m15,16415,35814,030-8.6%-7.5%
Gross profitRs m2,3662,7922,9234.7%23.5%
DepreciationRs m6437337502.3%16.8%
InterestRs m18293416.6%85.2%
Profit before taxRs m1,8482,1322,3188.7%25.5%
TaxRs m646723130-82.0%-79.9%
Profit after taxRs m1,2021,4092,18955.3%82.0%
Gross profit margin%13.515.417.2
Effective tax rate%34.933.95.6
Net profit margin%6.87.712.8
* 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 fell 3.3% on a year-on-year (YoY) basis. The expenses were down by 7.5% YoY during the same period.
  • The company's operating profit increased by 23.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.2% in 2QFY20 as against 13.5% in 2QFY19.
  • Depreciation charges increased by 16.8% and finance costs increased by 85.2% YoY, respectively.
  • Other income increased by 26.1% YoY during the quarter.
  • Net profit for the quarter increased by 82.0% YoY. Net profit margins during the quarter increased from 6.8% in 2QFY19 to 12.8% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 6.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 8.6% QoQ during the same period.
  • The company's operating profit increased by 4.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.2% in 2QFY20 as against 15.4% in 1QFY19.
  • Net profit for the quarter increased by 55.3% QoQ, while net profit margins increased from 7.7% in 1QFY19 to 12.8% in 2QFY20.

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

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AMARA RAJA BATTERIES Share Price Performance

Over the last one year,AMARA RAJA BATTERIES share price has moved down from Rs 771.8 to Rs 702.7, registering a Loss of Rs 69.2 or around 9.0%.

Overall, the S&P BSE SENSEX is up 14.5% over the year.

Current Valuations

At the current price of Rs 702.7, the price to earnings (P/E) ratio of AMARA RAJA BATTERIES stands at 19.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.6 times.

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