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

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ASAHI INDIA Announces Quarterly Results (3QFY19); Net Profit Up 14.5%
Wed, 13 Feb

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

ASAHI INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m6,3247,6266,817-10.6%7.8%
Other incomeRs m71254583.1%-36.1%
TurnoverRs m6,3957,6516,862-10.3%7.3%
ExpensesRs m5,1786,4085,409-15.6%4.5%
Gross profitRs m1,1461,2361,40213.4%22.3%
DepreciationRs m2252953053.3%35.3%
InterestRs m3093393513.5%13.4%
Profit before taxRs m68262779226.3%16.0%
TaxRs m22719027042.5%19.1%
Profit after taxRs m45543752219.3%14.5%
Gross profit margin%18.116.220.6
Effective tax rate%33.330.334.1
Net profit margin%7.15.77.6
* 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 7.8% on a year-on-year (YoY) basis. The expenses were up by 4.5% YoY during the same period.
  • The company's operating profit increased by 22.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.6% in 3QFY19 as against 18.1% in 3QFY18.
  • Depreciation charges increased by 35.3% and finance costs increased by 13.4% YoY, respectively.
  • Other income declined by 36.1% YoY during the quarter.
  • Net profit for the quarter increased by 14.5% YoY. Net profit margins during the quarter increased from 7.1% in 3QFY18 to 7.6% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 10.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 15.6% QoQ during the same period.
  • The company's operating profit increased by 13.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.6% in 3QFY19 as against 16.2% in 2QFY18.
  • Net profit for the quarter increased by 19.3% QoQ, while net profit margins increased from 5.7% in 2QFY18 to 7.6% in 3QFY19.

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 356.7 to Rs 257.7, registering a Loss of Rs 99.0 or around 27.8%.

Overall, the S&P BSE SENSEX is up 5.5% over the year.

Current Valuations

At the current price of Rs 257.7, the price to earnings (P/E) ratio of ASAHI INDIA stands at 32.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.8 times.

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