MyStocks

MEMBER'S LOGINX

Remember Username
Keep me signed in

(Please do not use this option on a public machine)

Print
Text -Size
FaceBook
Twitter
Linked In
WhatsApp

Home
Research It
ASAHI SONGWON
ASAHI SONGWON Announces Quarterly Results (2QFY20); Net Profit Up 48.3%

ASAHI SONGWON Announces Quarterly Results (2QFY20); Net Profit Up 48.3%
Tue, 15 Oct

ASAHI SONGWON has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

ASAHI SONGWON Quarterly Financials

No. of Mths Qtr. Ending		3 Sep-18*	3 Jun-19*	3 Sep-19*	QoQ Change	YoY Change
Net Sales	Rs m	839	818	716	-12.5%	-14.7%
Other income	Rs m	-17	0	4	0.0%
Turnover	Rs m	822	818	720	-12.0%	-12.4%
Expenses	Rs m	715	747	628	-16.0%	-12.2%
Gross profit	Rs m	125	71	89	24.2%	-29.1%
Depreciation	Rs m	20	21	21	1.1%	3.5%
Interest	Rs m	11	11	9	-20.4%	-18.3%
Profit before tax	Rs m	77	40	63	57.9%	-18.3%
Tax	Rs m	24	-14	-16		-166.5%
Profit after tax	Rs m	53	54	79	46.1%	48.3%
Gross profit margin	%	14.9	8.7	12.4
Effective tax rate	%	31.0	-35.4	-25.3
Net profit margin	%	6.4	6.6	10.9

* 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 14.7% on a year-on-year (YoY) basis. The expenses were down by 12.2% YoY during the same period.
The company's operating profit declined by 29.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.4% in 2QFY20 as against 14.9% in 2QFY19.
Depreciation charges increased by 3.5% and finance costs declined by 18.3% YoY, respectively.
Other income declined by 121.9% YoY during the quarter.
Net profit for the quarter increased by 48.3% YoY. Net profit margins during the quarter increased from 6.4% in 2QFY19 to 10.9% in 2QFY20.

Quarter-on-Quarter Performance:

The company's operating income during the quarter fell 12.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 16.0% QoQ during the same period.
The company's operating profit increased by 24.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.4% in 2QFY20 as against 8.7% in 1QFY19.
Net profit for the quarter increased by 46.1% QoQ, while net profit margins increased from 6.6% in 1QFY19 to 10.9% in 2QFY20.

To see how ASAHI SONGWON has performed over the last eight quarters,please visit here.

REVEALED: The Secret to potentially Making Rs 18,870, Rs 9,425 and Rs 7,315 in a Single Day...

ASAHI SONGWON Share Price Performance

Over the last one year,ASAHI SONGWON share price has moved down from Rs 247.6 to Rs 139.9, registering a Loss of Rs 107.7 or around 43.5%.

Overall, the S&P BSE SENSEX is up 10.2% over the year.

Current Valuations

At the current price of Rs 139.9, the price to earnings (P/E) ratio of ASAHI SONGWON stands at 8.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.

Equitymaster requests your view! Post a comment on "ASAHI SONGWON Announces Quarterly Results (2QFY20); Net Profit Up 48.3%". 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 (1QFY20); Net Profit Up 12.9% (Quarterly Result Update)

Aug 27, 2019 | Updated on Aug 27, 2019

For the quarter ended June 2019, ASAHI SONGWON has posted a net profit of Rs 54 m (up 12.9% YoY). Sales on the other hand came in at Rs 818 m (up 6.9% YoY). Read on for a complete analysis of ASAHI SONGWON's quarterly results.

More Views on News

ASAHI SONGWON SHARE PRICE

BSE: 278.05 -1.75% NSE: 278.20 -1.21%
Mar 3, 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 - PPG IND. COMPARISON

Compare Company With Charts

COMPARE ASAHI SONGWON WITH

FEATURED VIDEOS

Nifty is Weak but Smallcaps Can Outperform

Gold 65,000 and Silver 84,000 in 2022

How Long Before a Big Stock Market Crash

I Believe the Investment of the Year Will Be...

MARKET STATS

ABOUT EQUITYMASTER

Since 1996, Equitymaster has been the source for honest and credible opinions on investing in India. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Here's why hundreds of thousands of readers spread across more than 70 countries Trust Equitymaster.

FREE NEWSLETTERS

PREMIUM PRODUCTS

QUICK LINKS

FOLLOW

APP

Equitymaster Agora Research Private Limited (Research Analyst) 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407

All rights reserved. Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.

SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.