AURIONPRO SOLN Announces Quarterly Results (3QFY20); Net Profit Down 60.9%

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AURIONPRO SOLN Announces Quarterly Results (3QFY20); Net Profit Down 60.9%
Fri, 14 Feb

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

AURIONPRO SOLN Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m1,1471,2351,111-10.0%-3.1%
Other incomeRs m-172519-21.5%
TurnoverRs m1,1311,2601,131-10.2%0.0%
ExpensesRs m861976943-3.4%9.6%
Gross profitRs m287259168-35.0%-41.3%
DepreciationRs m7495972.3%31.1%
InterestRs m264838-21.8%43.4%
Profit before taxRs m17014053-62.3%-68.8%
TaxRs m1818-6-136.1%-135.5%
Profit after taxRs m15212359-51.7%-60.9%
Gross profit margin%25.021.015.2
Effective tax rate%10.612.6-12.1
Net profit margin%13.49.75.2
* 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 3.1% on a year-on-year (YoY) basis. The expenses were up by 9.6% YoY during the same period.
  • The company's operating profit declined by 41.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.2% in 3QFY20 as against 25.0% in 3QFY19.
  • Depreciation charges increased by 31.1% and finance costs increased by 43.4% YoY, respectively.
  • Other income declined by 215.1% YoY during the quarter.
  • Net profit for the quarter declined by 60.9% YoY. Net profit margins during the quarter declined from 13.4% in 3QFY19 to 5.2% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 10.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 3.4% QoQ during the same period.
  • The company's operating profit declined by 35.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.2% in 3QFY20 as against 21.0% in 2QFY19.
  • Net profit for the quarter declined by 51.7% QoQ, while net profit margins declined from 9.8% in 2QFY19 to 5.2% in 3QFY20.

To see how AURIONPRO SOLN has performed over the last eight quarters,please visit here.

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AURIONPRO SOLN Share Price Performance

Over the last one year,AURIONPRO SOLN share price has moved down from Rs 112.8 to Rs 44.3, registering a Loss of Rs 68.6 or around 60.8%.

Meanwhile, the S&P BSE IT Index is trading at Rs 16,390.8 (up 0.1%). Over the last one year it has moved up from 15,411.9 to 16,390.8, a gain of 979 points (up 6.4%).

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

Current Valuations

At the current price of Rs 44.3, the price to earnings (P/E) ratio of AURIONPRO SOLN stands at 1.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.2 times.

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For the quarter ended June 2019, AURIONPRO SOLN has posted a net profit of Rs 101 m (down 20.3% YoY). Sales on the other hand came in at Rs 1 bn (down 2.4% YoY). Read on for a complete analysis of AURIONPRO SOLN's quarterly results.

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