ASHOKA BUILDCON Announces Quarterly Results (2QFY20); Net Profit Up 17.1%

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ASHOKA BUILDCON Announces Quarterly Results (2QFY20); Net Profit Up 17.1%
Fri, 15 Nov

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

ASHOKA BUILDCON Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m7,6448,7688,223-6.2%7.6%
Other incomeRs m15734239214.6%149.1%
TurnoverRs m7,8029,1108,615-5.4%10.4%
ExpensesRs m6,6077,6736,994-8.9%5.9%
Gross profitRs m1,0371,0951,22912.3%18.5%
DepreciationRs m1662662712.0%63.9%
InterestRs m1302142318.2%78.3%
Profit before taxRs m8999571,11816.8%24.4%
TaxRs m27831039126.0%40.7%
Profit after taxRs m62164772712.4%17.1%
Gross profit margin%13.612.514.9
Effective tax rate%30.932.435.0
Net profit margin%8.07.18.4
* 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 grew 7.6% on a year-on-year (YoY) basis. The expenses were up by 5.9% YoY during the same period.
  • The company's operating profit increased by 18.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.9% in 2QFY20 as against 13.6% in 2QFY19.
  • Depreciation charges increased by 63.9% and finance costs increased by 78.3% YoY, respectively.
  • Other income increased by 149.1% YoY during the quarter.
  • Net profit for the quarter increased by 17.1% YoY. Net profit margins during the quarter increased from 8.0% in 2QFY19 to 8.4% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 6.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 8.9% QoQ during the same period.
  • The company's operating profit increased by 12.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.9% in 2QFY20 as against 12.5% in 1QFY19.
  • Net profit for the quarter increased by 12.4% QoQ, while net profit margins increased from 7.1% in 1QFY19 to 8.4% in 2QFY20.

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

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ASHOKA BUILDCON Share Price Performance

Over the last one year,ASHOKA BUILDCON share price has moved down from Rs 125.3 to Rs 95.7, registering a Loss of Rs 29.6 or around 23.6%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,124.8 (down 0.2%). Over the last one year it has moved up from 1,724.8 to 2,124.8, a gain of 400 points (up 23.2%).

Overall, the S&P BSE SENSEX is up 15.3% over the year.

Current Valuations

At the current price of Rs 95.7, the price to earnings (P/E) ratio of ASHOKA BUILDCON stands at 6.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.2 times.

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