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

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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.

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Related Views on News

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

Nov 5, 2018 | Updated on Nov 5, 2018

For the quarter ended September 2018, ASAHI SONGWON has posted a net profit of Rs 53 m (down 43.5% YoY). Sales on the other hand came in at Rs 839 m (up 26.6% YoY). Read on for a complete analysis of ASAHI SONGWON's quarterly results.

ASAHI SONGWON Announces Quarterly Results (1QFY19); Net Profit Up 74.4% (Quarterly Result Update)

Aug 10, 2018 | Updated on Aug 10, 2018

For the quarter ended June 2018, ASAHI SONGWON has posted a net profit of Rs 48 m (up 74.4% YoY). Sales on the other hand came in at Rs 765 m (up 17.5% YoY). Read on for a complete analysis of ASAHI SONGWON's quarterly results.

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