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ASAHI INDIA Announces Quarterly Results (1QFY19); Net Profit Up 9.8%

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ASAHI INDIA Announces Quarterly Results (1QFY19); Net Profit Up 9.8%
Fri, 10 Aug

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

ASAHI INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m6,6347,4237,4390.2%12.1%
Other incomeRs m206414-77.4%-28.0%
TurnoverRs m6,6547,4877,454-0.4%12.0%
ExpensesRs m5,5236,0116,1492.3%11.3%
Gross profitRs m1,1111,3751,298-5.6%16.8%
DepreciationRs m2132872890.6%35.8%
InterestRs m2993183303.6%10.5%
Profit before taxRs m620834693-16.8%11.8%
TaxRs m206291238-18.0%15.9%
Profit after taxRs m415543455-16.2%9.8%
Gross profit margin%16.818.517.4
Effective tax rate%33.234.934.4
Net profit margin%6.27.26.1
* 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 12.1% on a year-on-year (YoY) basis. The expenses were up by 11.3% YoY during the same period.
  • The company's operating profit increased by 16.8% YoY during the quarter. Consequently, operating profit margins remained same and stood at 17.4% in 1QFY19.
  • Depreciation charges and finance costs increased by 35.8% YoY and 10.5% YoY, respectively.
  • Other income declined by 28.0% YoY during the quarter.
  • Net profit for the quarter increased by 9.8% YoY. Net profit margins during the quarter declined from 6.2% in 1QFY18 to 6.1% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 0.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.3% QoQ during the same period.
  • The company's operating profit declined by 5.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.4% in 1QFY19 as against 18.5% in 4QFY18.
  • Net profit for the quarter declined by 16.2% QoQ, while net profit margins declined from 7.3% in 4QFY18 to 6.1% in 1QFY19.

To see how ASAHI INDIA has performed over the last eight quarters, please visit here.

ASAHI INDIA Share Price Performance

Over the last one year, ASAHI INDIA share price has moved up from Rs 281.6 to Rs 325.5, registering a Gain of Rs 44.0 or around 15.6%.

Overall, the S&P BSE SENSEX is up 19.1% over the year.

Current Valuations

At the current price of Rs 325.5, the price to earnings (P/E) ratio of ASAHI INDIA stands at 42.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 17.2 times.

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