ASAHI SONGWON Announces Quarterly Results (1QFY20); Net Profit Up 12.9%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

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 ChangeYoY Change
Net SalesRs m76567381821.5%6.9%
Other incomeRs m-400-100.0%
TurnoverRs m76167381821.5%7.5%
ExpensesRs m65959874724.9%13.3%
Gross profitRs m1067571-5.3%-32.7%
DepreciationRs m192321-8.9%9.4%
InterestRs m121811-40.1%-10.3%
Profit before taxRs m71354015.1%-43.7%
TaxRs m2314-14-197.0%-161.4%
Profit after taxRs m482054168.3%12.9%
Gross profit margin%13.811.28.7
Effective tax rate%32.441.9-35.4
Net profit margin%6.33.06.6
* 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 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.

Equitymaster requests your view! Post a comment on "ASAHI SONGWON Announces Quarterly Results (1QFY20); Net Profit Up 12.9%". Click here!

  

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, 2020

For 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, 2019

For 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.

More Views on News

Most Popular

It's the Beginning of a New Bull Phase in Smallcaps(Profit Hunter)

Feb 24, 2021

Last time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.

Intraday Trading for a Living(Fast Profits Daily)

Feb 15, 2021

In this video, I'll cover your queries on intraday trading and also share my view on how to decide stop losses and target prices.

Top 5 Stocks Mutual Funds Bought and Sold in January 2021(Sector Info)

Feb 16, 2021

A look at what India's top equity mutual funds bought and sold in January 2021.

I Would Recommend this Small-cap Stock Over Tesla(Profit Hunter)

Feb 16, 2021

Do you enjoy reading Tesla and Bitcoin stories? Here's a not so famous small-cap stock to profit from the rise of EVs.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

ASAHI SONGWON SHARE PRICE


Feb 26, 2021 (Close)

TRACK ASAHI SONGWON

  • Track your investment in ASAHI SONGWON with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

ASAHI SONGWON 8-QTR ANALYSIS

COMPARE ASAHI SONGWON WITH

MARKET STATS