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ASAHI INDIA Announces Quarterly Results (4QFY19); Net Profit Down 20.3%

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ASAHI INDIA Announces Quarterly Results (4QFY19); Net Profit Down 20.3%
Fri, 24 May

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

ASAHI INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m7,4236,8177,2626.5%-2.2%
Other incomeRs m644591100.7%42.8%
TurnoverRs m7,4876,8627,3537.1%-1.8%
ExpensesRs m6,0115,4096,06012.0%0.8%
Gross profitRs m1,3751,4021,193-14.9%-13.2%
DepreciationRs m287305296-2.9%3.2%
InterestRs m318351333-5.1%4.5%
Profit before taxRs m834792656-17.2%-21.4%
TaxRs m291270223-17.6%-23.4%
Profit after taxRs m543522433-17.0%-20.3%
Gross profit margin%18.520.616.4
Effective tax rate%34.934.134.0
Net profit margin%7.27.65.9
* 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 2.2% on a year-on-year (YoY) basis. The expenses were up by 0.8% YoY during the same period.
  • The company's operating profit declined by 13.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.4% in 4QFY19 as against 18.5% in 4QFY18.
  • Depreciation charges increased by 3.2% and finance costs increased by 4.5% YoY, respectively.
  • Other income increased by 42.8% YoY during the quarter.
  • Net profit for the quarter declined by 20.3% YoY. Net profit margins during the quarter declined from 7.2% in 4QFY18 to 5.9% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 6.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 12.0% QoQ during the same period.
  • The company's operating profit declined by 14.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.4% in 4QFY19 as against 20.6% in 3QFY18.
  • Net profit for the quarter declined by 17.0% QoQ, while net profit margins declined from 7.6% in 3QFY18 to 5.9% in 4QFY19.

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 341.0 to Rs 216.9, registering a Loss of Rs 124.1 or around 36.4%.

Overall, the S&P BSE SENSEX is up 13.3% over the year.

Current Valuations

At the current price of Rs 216.9, the price to earnings (P/E) ratio of ASAHI INDIA stands at 28.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.9 times.

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