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

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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 ChangeYoY Change
Net SalesRs m839818716-12.5%-14.7%
Other incomeRs m-17040.0%
TurnoverRs m822818720-12.0%-12.4%
ExpensesRs m715747628-16.0%-12.2%
Gross profitRs m125718924.2%-29.1%
DepreciationRs m2021211.1%3.5%
InterestRs m11119-20.4%-18.3%
Profit before taxRs m77406357.9%-18.3%
TaxRs m24-14-16-166.5%
Profit after taxRs m53547946.1%48.3%
Gross profit margin%14.98.712.4
Effective tax rate%31.0-35.4-25.3
Net profit margin%6.46.610.9
* 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.

Get Details: These 3 Stocks are the Dark Horses of the Stock Market

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.

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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 (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.

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