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- ASAHI SONGWON Announces Quarterly Results (3QFY20); Net Profit Down 13.5%
ASAHI SONGWON Announces Quarterly Results (3QFY20); Net Profit Down 13.5%
Mon, 3 Feb
ASAHI SONGWON has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:
ASAHI SONGWON Quarterly Financials
| No. of Mths Qtr. Ending | 3 Dec-18* | 3 Sep-19* | 3 Dec-19* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 659 | 716 | 585 | -18.3% | -11.2% |
| Other income | Rs m | 0 | 4 | 2 | -59.5% | 466.7% |
| Turnover | Rs m | 659 | 720 | 586 | -18.6% | -11.0% |
| Expenses | Rs m | 569 | 628 | 510 | -18.8% | -10.5% |
| Gross profit | Rs m | 89 | 89 | 75 | -15.4% | -16.2% |
| Depreciation | Rs m | 20 | 21 | 21 | -0.1% | 5.7% |
| Interest | Rs m | 11 | 9 | 8 | -5.2% | -25.8% |
| Profit before tax | Rs m | 59 | 63 | 47 | -24.5% | -19.5% |
| Tax | Rs m | 18 | -16 | 12 | -32.8% | |
| Profit after tax | Rs m | 41 | 79 | 35 | -55.3% | -13.5% |
| Gross profit margin | % | 13.6 | 12.4 | 12.8 | ||
| Effective tax rate | % | 31.1 | -25.3 | 25.9 | ||
| Net profit margin | % | 6.2 | 10.9 | 6.0 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter fell 11.2% on a year-on-year (YoY) basis. The expenses were down by 10.5% YoY during the same period.
- The company's operating profit declined by 16.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.8% in 3QFY20 as against 13.6% in 3QFY19.
- Depreciation charges increased by 5.7% and finance costs declined by 25.8% YoY, respectively.
- Other income increased by 466.7% YoY during the quarter.
- Net profit for the quarter declined by 13.5% YoY. Net profit margins during the quarter declined from 6.2% in 3QFY19 to 6.0% in 3QFY20.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter fell 18.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 18.8% QoQ during the same period.
- The company's operating profit declined by 15.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.8% in 3QFY20 as against 12.4% in 2QFY19.
- Net profit for the quarter declined by 55.3% QoQ, while net profit margins declined from 11.0% in 2QFY19 to 6.0% in 3QFY20.
To see how ASAHI SONGWON has performed over the last eight quarters,please visit here.
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ASAHI SONGWON Share Price Performance
Over the last one year,ASAHI SONGWON share price has moved down from Rs 187.5 to Rs 135.0, registering a Loss of Rs 52.5 or around 28.0%.
Overall, the S&P BSE SENSEX is up 9.5% over the year.
Current Valuations
At the current price of Rs 135.0, the price to earnings (P/E) ratio of ASAHI SONGWON stands at 8.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.
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, 2019For 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, 2019For 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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