AARTI INDUST Announces Quarterly Results (1QFY19); Net Profit Up 41.6%

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AARTI INDUST Announces Quarterly Results (1QFY19); Net Profit Up 41.6%
Fri, 17 Aug

AARTI INDUST has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

AARTI INDUST Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m7,91810,29410,7854.8%36.2%
Other incomeRs m11234193.1%3677.8%
TurnoverRs m7,91910,30610,8195.0%36.6%
ExpensesRs m6,5348,4918,9064.9%36.3%
Gross profitRs m1,3841,8031,8794.2%35.8%
DepreciationRs m3173693772.3%19.0%
InterestRs m29236446126.6%57.7%
Profit before taxRs m7761,0811,075-0.6%38.6%
TaxRs m145234182-22.3%25.5%
Profit after taxRs m6318478935.4%41.6%
Gross profit margin%17.517.517.4
Effective tax rate%18.721.716.9
Net profit margin%8.08.28.3
* 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 36.2% on a year-on-year (YoY) basis. The expenses were up by 36.3% YoY during the same period.
  • The company's operating profit increased by 35.8% YoY during the quarter. Consequently, operating profit margins remained same and stood at 17.4% in 1QFY19.
  • Depreciation charges and finance costs increased by 19.0% YoY and 57.7% YoY, respectively.
  • Other income increased by 3677.8% YoY during the quarter.
  • Net profit for the quarter increased by 41.6% YoY. Net profit margins during the quarter increased from 8.0% in 1QFY18 to 8.3% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.9% QoQ during the same period.
  • The company's operating profit declined by 4.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.4% in 1QFY19 as against 17.5% in 4QFY18.
  • Net profit for the quarter increased by 5.4% QoQ, while net profit margins increased from 8.2% in 4QFY18 to 8.3% in 1QFY19.

To see how AARTI INDUST has performed over the last eight quarters, please visit here.

AARTI INDUST Share Price Performance

Over the last one year, AARTI INDUST share price has moved up from Rs 856.6 to Rs 1,400.0, registering a Gain of Rs 543.5 or around 63.4%.

Overall, the S&P BSE SENSEX is up 19.4% over the year.

Current Valuations

At the current price of Rs 1,400.0, the price to earnings (P/E) ratio of AARTI INDUST stands at 34.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.6 times.

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