AUSTIN ENGG. Announces Quarterly Results (1QFY20); Net Profit Down 111.1%

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AUSTIN ENGG. Announces Quarterly Results (1QFY20); Net Profit Down 111.1%
Tue, 20 Aug

AUSTIN ENGG. has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

AUSTIN ENGG. Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m253228197-13.7%-22.1%
Other incomeRs m141-68.7%-20.9%
TurnoverRs m254232198-14.6%-22.1%
ExpensesRs m238219195-11.1%-18.2%
Gross profitRs m1492-79.6%-87.6%
DepreciationRs m3335.7%-0.7%
InterestRs m222-26.5%-2.5%
Profit before taxRs m118-1-118.3%-112.3%
TaxRs m51-1-148.6%-114.0%
Profit after taxRs m76-1-111.7%-111.1%
Gross profit margin%5.73.80.9
Effective tax rate%41.717.947.5
Net profit margin%2.62.7-0.4
* 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 22.1% on a year-on-year (YoY) basis. The expenses were down by 18.2% YoY during the same period.
  • The company's operating profit declined by 87.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 0.9% in 1QFY20 as against 5.7% in 1QFY19.
  • Depreciation charges declined by 0.7% and finance costs declined by 2.5% YoY, respectively.
  • Other income declined by 20.9% YoY during the quarter.
  • Net profit for the quarter declined by 111.1% YoY. Net profit margins during the quarter declined from 2.6% in 1QFY19 to -0.4% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 13.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 11.1% QoQ during the same period.
  • The company's operating profit declined by 79.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 0.9% in 1QFY20 as against 3.8% in 4QFY19.
  • Net profit for the quarter declined by 111.7% QoQ, while net profit margins declined from 2.6% in 4QFY19 to -0.4% in 1QFY20.

To see how AUSTIN ENGG. has performed over the last eight quarters,please visit here.

AUSTIN ENGG. Share Price Performance

Over the last one year,AUSTIN ENGG. share price has moved down from Rs 81.0 to Rs 38.9, registering a Loss of Rs 42.1 or around 51.9%.

Overall, the S&P BSE SENSEX is down 2.5% over the year.

Current Valuations

At the current price of Rs 38.9, the price to earnings (P/E) ratio of AUSTIN ENGG. stands at 10.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.3 times.

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