X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
ASAHI INDIA Announces Quarterly Results (2QFY19); Net Profit Up 12.0%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Markets will remain closed on 21st March, 2019 on account of Holi.

ASAHI INDIA Announces Quarterly Results (2QFY19); Net Profit Up 12.0%
Mon, 12 Nov

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

ASAHI INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m6,2477,4397,6262.5%22.1%
Other incomeRs m53142572.2%-52.9%
TurnoverRs m6,2997,4547,6512.6%21.5%
ExpensesRs m5,1766,1496,4084.2%23.8%
Gross profitRs m1,0791,2981,236-4.7%14.5%
DepreciationRs m2082892952.3%42.2%
InterestRs m3093303392.8%9.6%
Profit before taxRs m615693627-9.6%1.9%
TaxRs m225238190-20.4%-15.6%
Profit after taxRs m390455437-4.0%12.0%
Gross profit margin%17.317.416.2
Effective tax rate%36.634.430.3
Net profit margin%6.26.15.7
* 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 22.1% on a year-on-year (YoY) basis. The expenses were up by 23.8% YoY during the same period.
  • The company's operating profit increased by 14.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.2% in 2QFY19 as against 17.3% in 2QFY18.
  • Depreciation charges increased by 42.2% and finance costs increased by 9.6% YoY, respectively.
  • Other income declined by 52.9% YoY during the quarter.
  • Net profit for the quarter increased by 12.0% YoY. Net profit margins during the quarter declined from 6.2% in 2QFY18 to 5.7% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.2% QoQ during the same period.
  • The company's operating profit declined by 4.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.2% in 2QFY19 as against 17.4% in 1QFY18.
  • Net profit for the quarter declined by 4.0% QoQ, while net profit margins declined from 6.1% in 1QFY18 to 5.7% in 2QFY19.

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 375.0 to Rs 288.4, registering a Loss of Rs 86.6 or around 23.1%.

Overall, the S&P BSE SENSEX is up 5.8% over the year.

Current Valuations

At the current price of Rs 288.4, the price to earnings (P/E) ratio of ASAHI INDIA stands at 37.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.5 times.

Equitymaster requests your view! Post a comment on "ASAHI INDIA Announces Quarterly Results (2QFY19); Net Profit Up 12.0%". Click here!

  

Related Views on News

ASAHI INDIA Announces Quarterly Results (3QFY19); Net Profit Up 14.5% (Quarterly Result Update)

Feb 13, 2019 | Updated on Feb 13, 2019

For the quarter ended December 2018, ASAHI INDIA has posted a net profit of Rs 522 m (up 14.5% YoY). Sales on the other hand came in at Rs 7 bn (up 7.8% YoY). Read on for a complete analysis of ASAHI INDIA's quarterly results.

ASAHI INDIA 2017-18 Annual Report Analysis (Annual Result Update)

Dec 19, 2018 | Updated on Dec 19, 2018

Here's an analysis of the annual report of ASAHI INDIA for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of ASAHI INDIA. Also includes updates on the valuation of ASAHI INDIA.

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

Aug 10, 2018 | Updated on Aug 10, 2018

For the quarter ended June 2018, ASAHI INDIA has posted a net profit of Rs 455 m (up 9.8% YoY). Sales on the other hand came in at Rs 7 bn (up 12.1% YoY). Read on for a complete analysis of ASAHI INDIA's quarterly results.

Sandhar Technologies IPO: Worth Betting on This Automotive Component Manufacturer? (IPO)

Mar 17, 2018

Should you subscribe to the IPO of Sandhar Technologies Ltd?

More Views on News

Most Popular

Are You Ready for the Big Nifty Move in the March Expiry?(Profit Hunter)

Mar 8, 2019

History suggests the Nifty could make a big move in March. Are you prepared to benefit from this opportunity?

Smallcaps Are Rallying and You Need to Make the Most of It Now(Profit Hunter)

Mar 7, 2019

Did you just miss the smallcap rally? Or is there still time to catch up? Read on for answers and more...

The One Sector to Bet on Today as India Grows into a 10 Trillion Dollar Economy(The 5 Minute Wrapup)

Mar 7, 2019

India's defence sector is suddenly under the spotlight. Can this sector ride along India's long-term growth story?

Elections Don't Matter!(The Honest Truth)

Mar 13, 2019

Ajit Dayal shows us why from the point of view of the Indian economy, elections don't matter.

Two Growth Stocks that Doubled in a Little Over 12 Months!(The 5 Minute Wrapup)

Mar 13, 2019

The elements that fueled profit growth for these two companies led to a surge in their stock prices.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

ASAHI INDIA SHARE PRICE


Mar 20, 2019 (Close)

TRACK ASAHI INDIA

  • Track your investment in ASAHI INDIA with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

ASAHI INDIA 5-YR ANALYSIS

COMPARE ASAHI INDIA WITH

MARKET STATS