ASAHI SONGWON Announces Quarterly Results (2QFY19); Net Profit Down 43.5%

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ASAHI SONGWON Announces Quarterly Results (2QFY19); Net Profit Down 43.5%
Mon, 5 Nov

ASAHI SONGWON has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

ASAHI SONGWON Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m6637658399.7%26.6%
Other incomeRs m26-4-17-166.2%
TurnoverRs m6897618228.1%19.3%
ExpensesRs m5406597158.4%32.2%
Gross profitRs m12310612518.0%1.9%
DepreciationRs m1919206.9%9.3%
InterestRs m71211-12.6%43.1%
Profit before taxRs m12371778.9%-37.4%
TaxRs m2923244.2%-17.8%
Profit after taxRs m94485311.2%-43.5%
Gross profit margin%18.513.814.9
Effective tax rate%23.632.431.0
Net profit margin%13.66.36.4
* 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 26.6% on a year-on-year (YoY) basis. The expenses were up by 32.2% YoY during the same period.
  • The company's operating profit increased by 1.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.9% in 2QFY19 as against 18.5% in 2QFY18.
  • Depreciation charges increased by 9.3% and finance costs increased by 43.1% YoY, respectively.
  • Other income declined by 166.2% YoY during the quarter.
  • Net profit for the quarter declined by 43.5% YoY. Net profit margins during the quarter declined from 13.6% in 2QFY18 to 6.4% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 9.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 8.4% QoQ during the same period.
  • The company's operating profit increased by 18.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.9% in 2QFY19 as against 13.8% in 1QFY18.
  • Net profit for the quarter increased by 11.2% QoQ, while net profit margins increased from 6.3% in 1QFY18 to 6.4% in 2QFY19.

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 up from Rs 340.3 to Rs 255.1, registering a Loss of Rs 85.2 or around 25.0%.

Overall, the S&P BSE SENSEX is up 3.9% over the year.

Current Valuations

At the current price of Rs 255.1, the price to earnings (P/E) ratio of ASAHI SONGWON stands at 14.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.4 times.

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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.

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