ASAHI INDIA Announces Quarterly Results (4QFY18); Net Profit Up 7.2%

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ASAHI INDIA Announces Quarterly Results (4QFY18); Net Profit Up 7.2%
Tue, 12 Jun

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

ASAHI INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m6,8006,3247,42317.4%9.2%
Other incomeRs m657164-10.3%-2.0%
TurnoverRs m6,8666,3957,48717.1%9.0%
ExpensesRs m5,6585,1786,01116.1%6.2%
Gross profitRs m1,1351,1461,37520.0%21.2%
DepreciationRs m25322528727.4%13.3%
InterestRs m3473093182.9%-8.3%
Profit before taxRs m59968283422.1%39.1%
TaxRs m9322729128.1%213.0%
Profit after taxRs m50645554319.2%7.2%
Gross profit margin%16.718.118.5
Effective tax rate%15.533.334.9
Net profit margin%7.47.17.2
* 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 9.2% on a year-on-year (YoY) basis. The expenses were up by 6.2% YoY during the same period.
  • The company's operating profit increased by 21.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.5% in 4QFY18 as against 16.7% in 4QFY17.
  • Depreciation charges and finance costs increased by 13.3% YoY and 8.3% YoY, respectively.
  • Other income declined by 2.0% YoY during the quarter.
  • Net profit for the quarter increased by 7.2% YoY. Net profit margins during the quarter declined from 7.4% in 4QFY17 to 7.2% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 17.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 16.1% QoQ during the same period.
  • The company's operating profit declined by 20.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.5% in 4QFY18 as against 18.1% in 3QFY17.
  • Net profit for the quarter increased by 19.2% QoQ, while net profit margins same from 7.1% in 3QFY17 to 7.2% in 4QFY18.

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 264.0 to Rs 335.6, registering a Gain of Rs 71.7 or around 27.1%.

Overall, the S&P BSE SENSEX is up 0.5% over the year.

Current Valuations

At the current price of Rs 335.6, the price to earnings (P/E) ratio of ASAHI INDIA stands at 45.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 17.7 times.

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