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.

BREAKING NEWS: Massive Opportunity Triggered as Investing Legends Quit
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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