ASAHI INDIA Announces Quarterly Results (1QFY20); Net Profit Down 19.4%

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ASAHI INDIA Announces Quarterly Results (1QFY20); Net Profit Down 19.4%
Thu, 8 Aug

ASAHI INDIA has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

ASAHI INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m7,4397,2627,143-1.6%-4.0%
Other incomeRs m149125-72.7%72.9%
TurnoverRs m7,4547,3537,168-2.5%-3.8%
ExpensesRs m6,1496,0605,910-2.5%-3.9%
Gross profitRs m1,2981,1931,2343.4%-4.9%
DepreciationRs m28929632710.2%13.1%
InterestRs m3303333649.4%10.3%
Profit before taxRs m693656568-13.3%-18.1%
TaxRs m238223201-9.6%-15.6%
Profit after taxRs m455433367-15.2%-19.4%
Gross profit margin%17.416.417.3
Effective tax rate%34.434.035.4
Net profit margin%6.15.95.1
* 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 fell 4.0% on a year-on-year (YoY) basis. The expenses were down by 3.9% YoY during the same period.
  • The company's operating profit declined by 4.9% YoY during the quarter. Consequently, operating profit margins remained same and stood at 17.3% in 1QFY20.
  • Depreciation charges increased by 13.1% and finance costs increased by 10.3% YoY, respectively.
  • Other income increased by 72.9% YoY during the quarter.
  • Net profit for the quarter declined by 19.4% YoY. Net profit margins during the quarter declined from 6.1% in 1QFY19 to 5.1% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.5% QoQ during the same period.
  • The company's operating profit increased by 3.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.3% in 1QFY20 as against 16.4% in 4QFY19.
  • Net profit for the quarter declined by 15.2% QoQ, while net profit margins declined from 5.9% in 4QFY19 to 5.1% in 1QFY20.

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 down from Rs 331.4 to Rs 186.6, registering a Loss of Rs 144.8 or around 43.7%.

Overall, the S&P BSE SENSEX is down 2.5% over the year.

Current Valuations

At the current price of Rs 186.6, the price to earnings (P/E) ratio of ASAHI INDIA stands at 25.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.2 times.

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