AARTI INDUST Announces Quarterly Results (3QFY19); Net Profit Up 47.1%

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AARTI INDUST Announces Quarterly Results (3QFY19); Net Profit Up 47.1%
Mon, 4 Feb

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

AARTI INDUST Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m9,90212,99512,682-2.4%28.1%
Other incomeRs m8220.0%-69.2%
TurnoverRs m9,91012,99812,684-2.4%28.0%
ExpensesRs m8,12410,57410,213-3.4%25.7%
Gross profitRs m1,7782,4212,4692.0%38.8%
DepreciationRs m3423894064.5%18.7%
InterestRs m337513424-17.5%25.7%
Profit before taxRs m1,1071,5221,6427.9%48.3%
TaxRs m2052933157.7%53.7%
Profit after taxRs m9021,2291,3277.9%47.1%
Gross profit margin%18.018.619.5
Effective tax rate%18.519.219.2
Net profit margin%9.19.510.5
* 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 28.1% on a year-on-year (YoY) basis. The expenses were up by 25.7% YoY during the same period.
  • The company's operating profit increased by 38.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.5% in 3QFY19 as against 18.0% in 3QFY18.
  • Depreciation charges increased by 18.7% and finance costs increased by 25.7% YoY, respectively.
  • Other income declined by 69.2% YoY during the quarter.
  • Net profit for the quarter increased by 47.1% YoY. Net profit margins during the quarter increased from 9.1% in 3QFY18 to 10.5% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 3.4% QoQ during the same period.
  • The company's operating profit increased by 2.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.5% in 3QFY19 as against 18.6% in 2QFY18.
  • Net profit for the quarter increased by 7.9% QoQ, while net profit margins increased from 9.5% in 2QFY18 to 10.5% in 3QFY19.

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 1,086.8 to Rs 1,710.2, registering a Gain of Rs 623.5 or around 57.4%.

Overall, the S&P BSE SENSEX is up 1.5% over the year.

Current Valuations

At the current price of Rs 1,710.2, the price to earnings (P/E) ratio of AARTI INDUST stands at 33.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 10.5 times.

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

Aug 17, 2018 | Updated on Aug 17, 2018

For the quarter ended June 2018, AARTI INDUST has posted a net profit of Rs 893 m (up 41.6% YoY). Sales on the other hand came in at Rs 11 bn (up 36.2% YoY). Read on for a complete analysis of AARTI INDUST's quarterly results.

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