ASHOKA BUILDCON Announces Quarterly Results (3QFY20); Net Profit Up 37.6%

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ASHOKA BUILDCON Announces Quarterly Results (3QFY20); Net Profit Up 37.6%
Mon, 10 Feb

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

ASHOKA BUILDCON Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m10,6518,2239,83619.6%-7.7%
Other incomeRs m254392369-5.8%45.3%
TurnoverRs m10,9058,61510,20518.5%-6.4%
ExpensesRs m9,1646,9948,59222.8%-6.2%
Gross profitRs m1,0901,2291,2431.2%14.1%
DepreciationRs m2022712834.4%40.6%
InterestRs m239231200-13.5%-16.3%
Profit before taxRs m9031,1181,1291.0%25.0%
TaxRs m281391274-30.0%-2.8%
Profit after taxRs m62272785517.7%37.6%
Gross profit margin%10.214.912.6
Effective tax rate%31.235.024.2
Net profit margin%5.78.48.4
* 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 7.7% on a year-on-year (YoY) basis. The expenses were down by 6.2% YoY during the same period.
  • The company's operating profit increased by 14.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.6% in 3QFY20 as against 10.2% in 3QFY19.
  • Depreciation charges increased by 40.6% and finance costs declined by 16.3% YoY, respectively.
  • Other income increased by 45.3% YoY during the quarter.
  • Net profit for the quarter increased by 37.6% YoY. Net profit margins during the quarter increased from 5.7% in 3QFY19 to 8.4% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 19.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 22.8% QoQ during the same period.
  • The company's operating profit increased by 1.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.6% in 3QFY20 as against 14.9% in 2QFY19.
  • Net profit for the quarter increased by 17.7% QoQ, while net profit margins declined from 8.4% in 2QFY19 to 8.4% in 3QFY20.

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 114.2 to Rs 113.4, registering a Loss of Rs 0.9 or around 0.7%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,399.1 (down 1.4%). Over the last one year it has moved up from 1,768.7 to 2,399.1, a gain of 630 points (up 35.6%).

Overall, the S&P BSE SENSEX is up 10.5% over the year.

Current Valuations

At the current price of Rs 113.4, the price to earnings (P/E) ratio of ASHOKA BUILDCON stands at 6.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.4 times.

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