AUSTIN ENGG. Announces Quarterly Results (3QFY19); Net Profit Up 90.4%

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AUSTIN ENGG. Announces Quarterly Results (3QFY19); Net Profit Up 90.4%
Thu, 14 Feb

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

AUSTIN ENGG. Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m160259212-18.0%32.4%
Other incomeRs m033-23.3%1481.3%
TurnoverRs m160262215-18.1%33.9%
ExpensesRs m164251211-15.8%28.6%
Gross profitRs m-481-85.9%
DepreciationRs m3332.6%-1.8%
InterestRs m12216.2%42.6%
Profit before taxRs m-87-1-115.1%
TaxRs m-1-10
Profit after taxRs m-78-1-107.9%
Gross profit margin%-2.53.10.5
Effective tax rate%12.7-20.336.8
Net profit margin%-4.33.2-0.3
* 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 32.4% on a year-on-year (YoY) basis. The expenses were up by 28.6% YoY during the same period.
  • The company's operating profit declined by 129.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 0.5% in 3QFY19 as against 2.5% in 3QFY18.
  • Depreciation charges declined by 1.8% and finance costs increased by 42.6% YoY, respectively.
  • Other income increased by 1481.3% YoY during the quarter.
  • Net profit for the quarter increased by 90.4% YoY. Net profit margins during the quarter increased from -4.3% in 3QFY18 to -0.3% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 18.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 15.8% QoQ during the same period.
  • The company's operating profit declined by 85.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 0.5% in 3QFY19 as against 3.1% in 2QFY18.
  • Net profit for the quarter declined by 107.9% QoQ, while net profit margins declined from 3.1% in 2QFY18 to -0.3% in 3QFY19.

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 up from Rs 102.5 to Rs 59.0, registering a Loss of Rs 43.5 or around 42.4%.

Overall, the S&P BSE SENSEX is up 5.2% over the year.

Current Valuations

At the current price of Rs 59.0, the price to earnings (P/E) ratio of AUSTIN ENGG. stands at 9.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.4 times.

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Related Views on News

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

Aug 20, 2019 | Updated on Aug 20, 2019

For the quarter ended June 2019, AUSTIN ENGG. has posted a net profit of Rs 1 m (down 111.1% YoY). Sales on the other hand came in at Rs 197 m (down 22.1% YoY). Read on for a complete analysis of AUSTIN ENGG.'s quarterly results.

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