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- ASAHI SONGWON Announces Quarterly Results (1QFY20); Net Profit Up 12.9%
ASAHI SONGWON Announces Quarterly Results (1QFY20); Net Profit Up 12.9%
Tue, 27 Aug
ASAHI SONGWON has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:
ASAHI SONGWON Quarterly Financials
| No. of Mths Qtr. Ending | 3 Jun-18* | 3 Mar-19* | 3 Jun-19* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 765 | 673 | 818 | 21.5% | 6.9% |
| Other income | Rs m | -4 | 0 | 0 | -100.0% | |
| Turnover | Rs m | 761 | 673 | 818 | 21.5% | 7.5% |
| Expenses | Rs m | 659 | 598 | 747 | 24.9% | 13.3% |
| Gross profit | Rs m | 106 | 75 | 71 | -5.3% | -32.7% |
| Depreciation | Rs m | 19 | 23 | 21 | -8.9% | 9.4% |
| Interest | Rs m | 12 | 18 | 11 | -40.1% | -10.3% |
| Profit before tax | Rs m | 71 | 35 | 40 | 15.1% | -43.7% |
| Tax | Rs m | 23 | 14 | -14 | -197.0% | -161.4% |
| Profit after tax | Rs m | 48 | 20 | 54 | 168.3% | 12.9% |
| Gross profit margin | % | 13.8 | 11.2 | 8.7 | ||
| Effective tax rate | % | 32.4 | 41.9 | -35.4 | ||
| Net profit margin | % | 6.3 | 3.0 | 6.6 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter grew 6.9% on a year-on-year (YoY) basis. The expenses were up by 13.3% YoY during the same period.
- The company's operating profit declined by 32.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.7% in 1QFY20 as against 13.8% in 1QFY19.
- Depreciation charges increased by 9.4% and finance costs declined by 10.3% YoY, respectively.
- Other income declined by 100.0% YoY during the quarter.
- Net profit for the quarter increased by 12.9% YoY. Net profit margins during the quarter increased from 6.3% in 1QFY19 to 6.6% in 1QFY20.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter grew 21.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 24.9% QoQ during the same period.
- The company's operating profit declined by 5.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.7% in 1QFY20 as against 11.2% in 4QFY19.
- Net profit for the quarter increased by 168.3% QoQ, while net profit margins increased from 3.0% in 4QFY19 to 6.6% in 1QFY20.
To see how ASAHI SONGWON has performed over the last eight quarters,please visit here.
ASAHI SONGWON Share Price Performance
Over the last one year,ASAHI SONGWON share price has moved down from Rs 272.3 to Rs 123.3, registering a Loss of Rs 149.1 or around 54.7%.
Overall, the S&P BSE SENSEX is down 2.7% over the year.
Current Valuations
At the current price of Rs 123.3, the price to earnings (P/E) ratio of ASAHI SONGWON stands at 9.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.8 times.
Related Views on News
ASAHI SONGWON Announces Quarterly Results (3QFY20); Net Profit Down 13.5% (Quarterly Result Update)
Feb 3, 2020 | Updated on Feb 3, 2020For the quarter ended December 2019, ASAHI SONGWON has posted a net profit of Rs 35 m (down 13.5% YoY). Sales on the other hand came in at Rs 585 m (down 11.2% YoY). Read on for a complete analysis of ASAHI SONGWON's quarterly results.
ASAHI SONGWON Announces Quarterly Results (2QFY20); Net Profit Up 48.3% (Quarterly Result Update)
Oct 15, 2019 | Updated on Oct 15, 2019For the quarter ended September 2019, ASAHI SONGWON has posted a net profit of Rs 79 m (up 48.3% YoY). Sales on the other hand came in at Rs 716 m (down 14.7% YoY). Read on for a complete analysis of ASAHI SONGWON's quarterly results.
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