ASAHI SONGWON Announces Quarterly Results (3QFY19); Net Profit Down 55.9%

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 (3QFY19); Net Profit Down 55.9%
Mon, 11 Feb

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

ASAHI SONGWON Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m712839659-21.5%-7.5%
Other incomeRs m42-170-99.4%
TurnoverRs m754822659-19.8%-12.6%
ExpensesRs m600715569-20.3%-5.1%
Gross profitRs m11312589-28.4%-20.7%
DepreciationRs m192020-2.2%6.7%
InterestRs m1011114.4%6.0%
Profit before taxRs m1257759-23.4%-53.1%
TaxRs m332418-23.2%-45.2%
Profit after taxRs m925341-23.5%-55.9%
Gross profit margin%15.814.913.6
Effective tax rate%26.631.031.1
Net profit margin%12.26.46.2
* 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 7.5% on a year-on-year (YoY) basis. The expenses were down by 5.1% YoY during the same period.
  • The company's operating profit declined by 20.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.6% in 3QFY19 as against 15.8% in 3QFY18.
  • Depreciation charges increased by 6.7% and finance costs increased by 6.0% YoY, respectively.
  • Other income declined by 99.4% YoY during the quarter.
  • Net profit for the quarter declined by 55.9% YoY. Net profit margins during the quarter declined from 12.2% in 3QFY18 to 6.2% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 21.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 20.3% QoQ during the same period.
  • The company's operating profit declined by 28.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.6% in 3QFY19 as against 14.9% in 2QFY18.
  • Net profit for the quarter declined by 23.5% QoQ, while net profit margins declined from 6.4% in 2QFY18 to 6.2% in 3QFY19.

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 340.8 to Rs 153.0, registering a Loss of Rs 187.8 or around 55.1%.

Overall, the S&P BSE SENSEX is up 5.7% over the year.

Current Valuations

At the current price of Rs 153.0, the price to earnings (P/E) ratio of ASAHI SONGWON stands at 11.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.4 times.

Equitymaster requests your view! Post a comment on "ASAHI SONGWON Announces Quarterly Results (3QFY19); Net Profit Down 55.9%". Click here!

  

Related Views on News

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.

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

Most Popular

How to Buy the Best Safe Stocks in 2020(The 5 Minute Wrapup)

Jan 17, 2020

Don't fall for the safe stocks narrative going around in the stock market these days.

For 1,000%+ Gains, Follow the 8-Year Cycle in the Stock Market(Fast Profits Daily)

Jan 17, 2020

This is how the biggest trading profits are made.

The Best Asset Class to Invest in 2020(Fast Profits Daily)

Jan 24, 2020

Why I'm most bullish on this asset class above all else in 2020.

Small is Beautiful in 2020 (A Prediction You Don't Want to Miss)(Profit Hunter)

Jan 17, 2020

As always Apurva will predict the best asset class to invest in in the coming year, last year he predicted gold and he was bang on! And this year he predicts... wait, you have to read to find out! Don't miss this.

The Smallcap Rebound Has Begun (13 Stocks Up Over 20% in the last Month)(Profit Hunter)

Jan 21, 2020

The best smallcap stocks to bet on to get rich in this market rebound.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get our special report, 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


Jan 29, 2020 03:37 PM

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