ASHOKA BUILDCON Announces Quarterly Results (4QFY20); Net Profit Up 67.6%

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ASHOKA BUILDCON Announces Quarterly Results (4QFY20); Net Profit Up 67.6%
Tue, 16 Jun

ASHOKA BUILDCON has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:

ASHOKA BUILDCON Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m13,0749,83612,54827.6%-4.0%
Other incomeRs m380369346-6.3%-8.9%
TurnoverRs m13,45410,20512,89326.3%-4.2%
ExpensesRs m11,2598,59210,25819.4%-8.9%
Gross profitRs m1,7421,2432,28984.1%31.4%
DepreciationRs m2602832902.4%11.8%
InterestRs m3672002104.7%-42.9%
Profit before taxRs m1,4961,1292,13689.1%42.8%
TaxRs m51627449380.2%-4.4%
Profit after taxRs m9808551,64292.0%67.6%
Gross profit margin%13.312.618.2
Effective tax rate%34.524.223.1
Net profit margin%7.38.412.7
* 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 4.0% on a year-on-year (YoY) basis. The expenses were down by 8.9% YoY during the same period.
  • The company's operating profit increased by 31.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.2% in 4QFY20 as against 13.3% in 4QFY19.
  • Depreciation charges increased by 11.8% and finance costs declined by 42.9% YoY, respectively.
  • Other income declined by 8.9% YoY during the quarter.
  • Net profit for the quarter increased by 67.6% YoY. Net profit margins during the quarter increased from 7.3% in 4QFY19 to 12.7% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 27.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 19.4% QoQ during the same period.
  • The company's operating profit increased by 84.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.2% in 4QFY20 as against 12.6% in 3QFY19.
  • Net profit for the quarter increased by 92.0% QoQ, while net profit margins increased from 8.4% in 3QFY19 to 12.7% in 4QFY20.

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 140.0 to Rs 54.9, registering a Loss of Rs 85.1 or around 60.8%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,522.3 (down 1.1%). Over the last one year it has moved down from 2,093.0 to 1,522.3, a gain of 571 points (down 27.3%).

Overall, the S&P BSE SENSEX is down 14.5% over the year.

Current Valuations

At the current price of Rs 54.9, the price to earnings (P/E) ratio of ASHOKA BUILDCON stands at 2.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.6 times.

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