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ASAHI INDIA Announces Quarterly Results (2QFY19); Net Profit Up 12.0%

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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.

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