AMARA RAJA BATTERIES Announces Quarterly Results (3QFY20); Net Profit Up 25.6%

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AMARA RAJA BATTERIES Announces Quarterly Results (3QFY20); Net Profit Up 25.6%
Mon, 3 Feb

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

AMARA RAJA BATTERIES Quarterly Financials

No. of Mths
Qtr. Ending		3
Dec-18* 		3
Sep-19* 		3
Dec-19* 		QoQ ChangeYoY Change
Net SalesRs m16,94716,95317,4783.1%3.1%
Other incomeRs m125180128-28.9%2.1%
TurnoverRs m17,07217,13317,6062.8%3.1%
ExpensesRs m14,41914,03014,6394.3%1.5%
Gross profitRs m2,5282,9232,840-2.9%12.3%
DepreciationRs m6577507651.9%16.4%
InterestRs m183429-13.9%62.0%
Profit before taxRs m1,9782,3182,174-6.2%9.9%
TaxRs m669130530307.9%-20.9%
Profit after taxRs m1,3092,1891,644-24.9%25.6%
Gross profit margin%14.917.216.2
Effective tax rate%33.85.624.4
Net profit margin%7.712.89.3
* 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 3.1% on a year-on-year (YoY) basis. The expenses were up by 1.5% YoY during the same period.
  • The company's operating profit increased by 12.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.2% in 3QFY20 as against 14.9% in 3QFY19.
  • Depreciation charges increased by 16.4% and finance costs increased by 62.0% YoY, respectively.
  • Other income increased by 2.1% YoY during the quarter.
  • Net profit for the quarter increased by 25.6% YoY. Net profit margins during the quarter increased from 7.7% in 3QFY19 to 9.3% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 3.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.3% QoQ during the same period.
  • The company's operating profit declined by 2.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.2% in 3QFY20 as against 17.2% in 2QFY19.
  • Net profit for the quarter declined by 24.9% QoQ, while net profit margins declined from 12.8% in 2QFY19 to 9.3% in 3QFY20.

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 up from Rs 767.3 to Rs 769.5, registering a Gain of Rs 2.2 or around 0.3%.

Overall, the S&P BSE SENSEX is up 9.6% over the year.

Current Valuations

At the current price of Rs 769.5, the price to earnings (P/E) ratio of AMARA RAJA BATTERIES stands at 20.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.9 times.

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