ASHOKA BUILDCON Announces Quarterly Results (1QFY20); Net Profit Up 1.2%

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ASHOKA BUILDCON Announces Quarterly Results (1QFY20); Net Profit Up 1.2%
Tue, 27 Aug

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

ASHOKA BUILDCON Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m6,83713,0748,768-32.9%28.2%
Other incomeRs m366380342-9.9%-6.4%
TurnoverRs m7,20313,4549,110-32.3%26.5%
ExpensesRs m6,02511,2597,673-31.8%27.4%
Gross profitRs m8131,7421,095-37.2%34.7%
DepreciationRs m1362602662.5%96.0%
InterestRs m171367214-41.7%24.7%
Profit before taxRs m8711,496957-36.0%9.8%
TaxRs m232516310-39.8%33.6%
Profit after taxRs m639980647-34.0%1.2%
Gross profit margin%11.913.312.5
Effective tax rate%26.734.532.4
Net profit margin%8.97.37.1
* 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 28.2% on a year-on-year (YoY) basis. The expenses were up by 27.4% YoY during the same period.
  • The company's operating profit increased by 34.7% YoY during the quarter. Consequently, operating profit margins remained same and stood at 12.5% in 1QFY20.
  • Depreciation charges increased by 96.0% and finance costs increased by 24.7% YoY, respectively.
  • Other income declined by 6.4% YoY during the quarter.
  • Net profit for the quarter increased by 1.2% YoY. Net profit margins during the quarter declined from 8.9% in 1QFY19 to 7.1% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 32.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 31.8% QoQ during the same period.
  • The company's operating profit declined by 37.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.5% in 1QFY20 as against 13.3% in 4QFY19.
  • Net profit for the quarter declined by 34.0% QoQ, while net profit margins declined from 7.3% in 4QFY19 to 7.1% in 1QFY20.

To see how ASHOKA BUILDCON has performed over the last eight quarters,please visit here.

ASHOKA BUILDCON Share Price Performance

Over the last one year,ASHOKA BUILDCON share price has moved down from Rs 141.4 to Rs 103.6, registering a Loss of Rs 37.8 or around 26.7%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,970.4 (up 0.8%). Over the last one year it has moved down from 2,124.7 to 1,970.4, a gain of 154 points (down 7.3%).

Overall, the S&P BSE SENSEX is down 2.6% over the year.

Current Valuations

At the current price of Rs 103.6, the price to earnings (P/E) ratio of ASHOKA BUILDCON stands at 6.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.1 times.

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